Why Do Options Contracts on Volatile Crypto Assets Often Have Higher Margin Requirements?

Higher asset volatility means there is a greater probability of significant price movements, leading to larger potential losses for the option writer. Margin requirements are designed to cover these potential worst-case losses.

Therefore, to ensure the option writer can meet their obligation upon exercise, the clearing house must demand a larger collateral cushion, or margin, proportional to the asset's volatility.

Does a Higher Volatility in the Underlying Asset Require a Higher Margin?
Is Maintenance Margin Typically Higher or Lower than Initial Margin?
How Does Volatility Affect the Premium Received by the Option Writer?
Why Are Margin Requirements Higher for Volatile Assets?
How Does the Correlation between Collateral and the Underlying Derivative Affect the Haircut?
How Does the Volatility of the Underlying Asset Affect the Cost of Delta Hedging?
What Is the Relationship between Option Premium and Margin Requirement?
What Is the Risk to a Short Option Writer If IV Increases Sharply?

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