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A stock has a current price of $421. A trader writes 3 naked call option contracts on the stock, each contract covering 100 shares. The

A stock has a current price of $421. A trader writes 3 naked call option contracts on the stock, each contract covering 100 shares. The option price is $16, the strike price is $460, and the time to maturity is 3 months. What is the margin requirement (in $)?

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