Options Order Sequence for Margin Benefit

Lets say, If I buy deep OTM Option trading at 0.10

and then, after 5 minutes, I place a Sell order on ATM Option trading at 210.

Will I get the margin benefit still?

Or, for the margin benefit, both the above mentioned orders have to be executed together? @siva @ShubhS9

You will receive the margin benefit. You can execute the other order anytime.