Option trading on Geojit

nitinsy · #1 12th June 2006, 10:44 AM

I am looking for an F&O trading account with live quotes and fast execution speed. I prefer EXE instead of web based application. I currently have Investsmart SmartTrade and have been using it for over 6 months. It works pretty well for futures trading. Recently, I moved into option trading and am facing some very basic issues. If I buy a call option it blocks marging money instead of just debiting the premium amount. Similarly, when squaring off the bought call option it asks for margin.

I called ILFS and they say they are working on it but don't have a timeframe for fixing it. I am considering moving to another platform. I currently pay minimum brokerage of 500 but find Geojit 3000 per month (for EXE based platinum) too expensive.

1. Has anyone used EXE based Geojit platform? How is it? Specifically in F&O do you face similar margin problems like ILFS?
2. Is the minimum brokerage negotiable?

Nitin

trader31339 · #2 12th June 2006, 11:40 AM

nitin,
I am trading with geojit, also I trade options mostly. For option traders geojit is a boon, geojit is a god .Since the brokerage is only 75Rs per month without any volume comittments or minimum brokerage.

I am using their gold platform,Its very very fast,I have seen the ILFS tradeanywhere.exe platform and even used it.So to give a better idea I can say that geojits gold platform is far better than exe based of ILFS, tradeanywhere.exe.

Gold platform of geojit is web based, but everything is fast.Order execution, quotes etc all fast.

for any help do contact me,

arprtrd · #3 12th June 2006, 11:45 AM

Quote:

Originally Posted by trader31339

nitin,
I am trading with geojit, also I trade options mostly. For option traders geojit is a boon, geojit is a god .Since the brokerage is only 75Rs per month
for any help do contact me,

75/month or 75 per lot?

trader31339 · #4 12th June 2006, 04:27 PM

per lot

rahul_trader · #5 13th June 2006, 03:15 AM

Hi Trader31339,

Howz life going on?? Well what about Indiabulls you already have an account with them howz there option trading system can you comment on it.

Thanks,
Rahul

nitinsy · #6 15th June 2006, 10:36 PM

Hi Trader31339,
Thanks for this info, really appreciate it. I have also tried SmartInvest which is a web (java) based almost real-time quote system but generally I have found exe based systems better. Geojit might be different as you mention. Do you know if Geojit offers a demo?

BTW, do you know of any good resources on option trading?

Nitin

nitinsy · #7 15th June 2006, 10:49 PM

Hi Trader31339,
One more thing, have you tried buying an call option and then selling a call option to square of your position. How does Geojit handle margins in this case? As I mentioned above, ILFS has a problem with that. I want to make sure (before I sign up) that I don't end up with the same problem in Geojit.

Nitin

trader31339 · #8 16th June 2006, 05:56 PM

Nitin,
the problem u have with ILFS with sq off calls and puts is not with geojit.It is easy.I always sq off my Calls and puts so can say that there is no problem

yeh exe based are always better.Even geojits exe is better than web.But 3k is costly for me.

Resource for options: Now whatever I am going to say If u feel correct digest it else vomit it but dont argue.
The resource / info avaible on net for options , yeh specially for options, is of no use at all from trading point of view.I am trading options but never used the gamma beta etc. Also I trade naked options.I think such theoritical models dont have any place in real market and so I dont use it.( PERSONAL VIEW). So my trades are based on total technicals, dont spoil ur mind like i did few years agoi seraching for options resource

Rahul trader,
geojit is compartively better option NOW for me, I change my dress once I feel stale with that.So is with my broker.Once I get a better option I shift no harm in doing so.Indiabulls software is good, but ppl are not my exp.
geojit have a toll free tele trading centre and extra advantage.

Similar Threads for: Option trading on Geojit
Thread	Thread Starter	Forum	Replies	Last Post
Online Trading - Only Geojit is the best!	lohithmakam	Brokers & Demat Matters	99	30th May 2008 03:56 PM
option trading strategy	rajib333	Options	14	7th November 2007 11:23 AM
Online trading: Geojit Vs Indiabulls	Kandhan	Brokers & Demat Matters	73	15th August 2007 08:06 PM
Geojit - Demat & Trading	hiteshagarwal_lp	Brokers & Demat Matters	6	27th August 2006 08:20 PM
option trading	guru67	Introductions	1	23rd August 2005 09:28 AM