Hi,
I've read that you provide 1:10 margin for stocks traded in F&O.
Does it apply to Futures segment of the stock as well, or Cash alone?
For example, UCOBANK Futures has a lot size of 2000 and April expiry is at 119 while spot is at 118.85 for today. Margin requirement for one lot is around 37,600. If I have 50,000 in my account, would it mean that I can buy 2 lots of UCOBANK Futures with it?
Also, can I short Stock Futures as well ? I guess I will need to have the required margin to hold it overnight as exposure is only for intraday.
So, what exactly would I get intraday margin funding by Zerodha? Cash or Futures?
Aside, lets say I want to buy VijayaBank or YesBank Futures whose margin requirement is above 55,000 per lot. Assuming I have 30,000 in my account, would I still be able to trade in the respective Futures?
Thanks in advance and sorry to bother you again.
stoch_guy, from whatever little I know, Zerodha does not provide any margin for Options. Indiabulls and Religare had offered me about three times margin for options if I maintained a certain amount of money in my dmat account apart from paying an upfront brokerage. Options being totally dumb money with fairly complex valuations, particularly puts, you wouldn't want to get into a mess if the trade goes against you.
Intraday margin to short one lot of nifty option is about 11-12k and to hold the position overnight is 30k.
I've read that you provide 1:10 margin for stocks traded in F&O.
Does it apply to Futures segment of the stock as well, or Cash alone?
For example, UCOBANK Futures has a lot size of 2000 and April expiry is at 119 while spot is at 118.85 for today. Margin requirement for one lot is around 37,600. If I have 50,000 in my account, would it mean that I can buy 2 lots of UCOBANK Futures with it?
Also, can I short Stock Futures as well ? I guess I will need to have the required margin to hold it overnight as exposure is only for intraday.
So, what exactly would I get intraday margin funding by Zerodha? Cash or Futures?
Aside, lets say I want to buy VijayaBank or YesBank Futures whose margin requirement is above 55,000 per lot. Assuming I have 30,000 in my account, would I still be able to trade in the respective Futures?
Thanks in advance and sorry to bother you again.
stoch_guy, from whatever little I know, Zerodha does not provide any margin for Options. Indiabulls and Religare had offered me about three times margin for options if I maintained a certain amount of money in my dmat account apart from paying an upfront brokerage. Options being totally dumb money with fairly complex valuations, particularly puts, you wouldn't want to get into a mess if the trade goes against you.
Intraday margin to short one lot of nifty option is about 11-12k and to hold the position overnight is 30k.
There are 2 aspects to this,
1. Trading stocks 2. Trading Futures...
1. Trading stocks, if you are trading stocks( buying and selling underlying equity) then you get 1:10 margin... So if you have 10k in your account you can buy 1lk of UCO bank shares for intraday... These postions have to be squared off before 3.10pm...
2. Trading futures, if you are trading futures, have a look at the margin file that is available in the back office.... You will see 3 sections, SPAN, Exposure and Total margin...
For trading futures intraday you need 50% of SPAN and for holding any futures positions overnight you need 100% of Total margin....
Yes you definitely can go long and short on futures both for intraday and overnight.... ....