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Shanx

NewBie question on margin requirement

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Appreciate input from experienced traders, thanks in advance

On putting in a a calendar spread on NVDA Buy 1 lot Aug 30 175/ Sell 1 lot Aug 16 175, IBKR calculates roughly 40000 USD+ as margin !!.
account is Margin, not cash. It is not a US based account

Unable to get any sensible help from IBKR, is this actualy correct? 

 

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thanks Kim, roughly what would you have expected as margin ( a range will be fine). I have traded before on other brokers IBKR is new to me, and the experience is generally horrible.

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