Hey guys, I have not done options selling yet, I am mostly a buyer. But had a quick question. SNDK is around **$1,737**. I’m looking at the **Sep 11, 2026 $1,790 Call**, currently around **$34.40**. Can you do a Strangle ?
My current understanding is:
* Sell 1 × SNDK Sep 11 $1,790C
* Premium collected: \~$3,440
* IBKR is showing approximately **$55,204 initial margin** and **$50,379 maintenance margin** for the naked call.
That seems like a very large amount of buying power to tie up relative to the \~$3,440 premium collected.
* Does IBKR's \~$55K requirement seem normal for SNDK, or is this unusually high?
* Do brokers such as Webull, Tastytrade, Schwab, or others calculate substantially lower margin for the same naked call?