Hello,
Current BN oct futures is at 28615.
i want to sell 28500 put and buy 28400 put 100 quantities each.
lets assume BN crashes and goes to 26000.
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Will I get margin calls to maintain amount for my short leg (28500 put) ?
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If answer to 1 is yes, then what happens if i dont maintain margin amount ? will my hedge leg be auto squared off or any other action is taken ? ideally as per theory i am supposed to incur max loss of (100 - net credit)×100… y then i am getting margin calls ?