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Extremely noob question
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Say I want to buy a $1 contract, and I understand it lets me have the right, but not the obligation blah blah blah for 100 shares. Say it trades at $5/share.
Does this mean I need to have $500 ( $1) in my buying power/brokerage account, if I want to make this contract purchase? Even if I'm just going to be selling the contract anyway?
Thanks
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