Why so low margin benefits in commodity options?

[ajay_cs]

[siva]

Which strike you are trying to buy and which one to sell?

[ajay_cs]

4800 pe sell and 4700 pe buy .

[rawatashish1]

Any update on this? In fact, I see no margin benefit at all. Screenshot attached for reference.

[siva]

@rawatashish1

In fact, I see no margin benefit at all. Screenshot attached for reference.

That is not a hedge to have much benefit as still the risk is unlimited.