Comment on SPAN Calculator

Hi Zerodha,

First of all, thank you for your wonderful service!!!

Here is my question (very basic question once again)

On 25-Sep-2013, I could see the total margin required as 484585 for the below option writing

Contract – 5800-PE-31-OCT2013
Net Qty = (-1000)
Selling Options

So according to the guidence, should I need only 484585 X 40% which is 193834 in my account, to sell this contract?

Thanks in advance,

Regards,
Arunkumar

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