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10/06/21 10:53
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https://westonnakamura.substack.com/p/heads-up-potential-jpy-surge-in-immediate -
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Asian indices took their cue from a poor finish on Wall Street, where bullish momentum faded thanks to declining energy stocks. Poor Chinese trade data hit sentiment in the Asia-Pacific region, as weakness in imports flagged fresh concerns about the Chinese economy. Lower oil and commodity prices hit markets on Wednesday, in part thanks to a revival in the US dollar. Overnight the yen saw fresh safe haven flows, taking USDJPY to its lowest level since mid-September, and hitting the Nikkei 225 hard. US weekly unemployment claims are the main event of the day, with a weaker open expected for most European and US indices.
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Question
OptionsTraderNew
Hi
If I try to sell ONE contract for the USDCAD 12750 CALL 02/04/21 expiry the margin required is CAD 624.98 (or 359.38 GBP)
However if I try to sell TEN contracts for exactly the same option the margin required is CAD 11876 (or 6828 GBP)
Why is that? I've done the same check in other pairs and the margin behaves logically, i.e. ONE contract for the GBPUSD 14100 call 26/03/21 is USD 695 (or 500 GBP) --- TEN contracts for the same option require USD 6956 (or 5000 GBP) which makes sense.
Why is that?
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