Example 2

Portfolio:

Product	Underlying	Strike	Quantity
Put	WETH/USDC	2000	-1

1. If ETH → ∞, 0 ETH required.

2. USDC collateral at specific ETH at expiry:

				ETH @ Expiry	ETH @ Expiry
Product	Underlying	Strike	Quantity	0	2000
Put	WETH/USDC	2000	-1	-2000	0
Collateral Required				2000	0

1. Compute 1) – 2):

	WETH Price @ Expiry	WETH Price @ Expiry
	-	2000
USDC equiv of 0 ETH	-	-
USDC collateral required	2000	-
Net amount	-2000	-

1. Total collateral required = 2000 USDC