Minimum Margin Requirements
Futures
CBOE DJIA Volatility Index (DV)
Outright
| | Initial | Maintenance |
| Speculative | $3,250 | $2,600 |
| Hedge / TPH Permit1 | $2,600 | $2,600 |
Intra-Commodity Rates (Calendar Spreads)
Tier 1 [mos. 1-3] vs. Tier 1 [mos. 1-3]
Tier 2 [mos. 4-14] vs. Tier 2 [mos. 4-14]
| | Initial | Maintenance |
| Speculative | $625 | $500 |
| Hedge / TPH Permit1 | $500 | $500 |
Tier 1 [mos. 1-3] vs. Tier 2 [mos. 4-14]
| | Initial | Maintenance |
| Speculative | $1,250 | $1,000 |
| Hedge / TPH Permit1 | $1,000 | $1,000 |
Inter-Commodity Spreads
| Commodity | ContractRatio | Spread Credit Rate
(Initial / Maintenance) |
CBOE DJIA Volatility Index (DV)
vs.
CBOE Volatility Index (VX) | 1:1 | 70% / 70% |
Inter-Exchange Spreads
None at this time
1 TPH Permit means the account of a person possessing a Trading Privilege Holder Permit that allows access to the CBOE Futures Exchange, LLC trading system.