Options are treated like Futures in regards to risk-checking. Calls and Puts are treated as separate products when performing position limits checks and margin calculations. This means that on a given Option contract, buying a Call and selling a Put will not offset each other at the Product level. The maximum Option position and Max Long/Short are tracked and applied separately to Calls and Puts for a product.
An account has one position limit: an Option Maximum Position (net) limit of ten (10) for the GE product. The account has already been used to buy five (5) GE Jun19 Calls at a Strike Price of 9500. The account can now be used for either one of the following:
An account has one position limit: a Maximum Position per contract limit of five (5) for the GE product. The account has already been used to buy five (5) GE Jun19 Calls at a Strike Price of 9500. The account could now be used to:
There is no interaction between position limits for Options and Futures/Future Spreads. When trading Futures/Future Spreads, it does not offset option positions and vice versa.