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Suppose an investor writes 15 naked call option contracts on a stock. If the call option price is $5.50, strike price is $70 and share

Suppose an investor writes 15 naked call option contracts on a stock. If the call option price is $5.50, strike price is $70 and share price is $68, what would be the initial margin requirement?

*note : 1 option contract = 100 shares

$24,650

$25,650

$18,450

$19,450

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