Hello traders,
I wanted to by HDFCBANK JUL13 700 CE call option, but unfortunately I pressed on HDFCBANK JUL13 500 CE call option and immediately the call option was executed at Rs.200.60 strike price. Immediately I informed to ZERODHA and also I written a mail to them, requesting square off the position. But they are saying that it is not possible to square off the position now due to nobody is there to buy (zero liquidity), have to wait for expiry date. But price is falling down day to day. It will raise huge loss to me.
But, I am having following doubts.
1. At the time of order execution I did not have sufficient amount in my account to buy the same option. Zerodha giving 0% margin for option trading. How order was executed without sufficient amount ?
2. Immediately I requested by phone and mail to square off the position, but instead of squaring off, miss guiding me to wait for expiry date, which leads to huge loss.
3. I think this position could be exercised that day only? but why they are not doing exercise ?
Now, I have all evidences (Mails & Mobile data) regarding the same. I am planning to give complaint against zerodha to SEBI. Please suggest me to ASAP to avoid loss.
Regards,
BETHI KRUPA.
I wanted to by HDFCBANK JUL13 700 CE call option, but unfortunately I pressed on HDFCBANK JUL13 500 CE call option and immediately the call option was executed at Rs.200.60 strike price. Immediately I informed to ZERODHA and also I written a mail to them, requesting square off the position. But they are saying that it is not possible to square off the position now due to nobody is there to buy (zero liquidity), have to wait for expiry date. But price is falling down day to day. It will raise huge loss to me.
But, I am having following doubts.
1. At the time of order execution I did not have sufficient amount in my account to buy the same option. Zerodha giving 0% margin for option trading. How order was executed without sufficient amount ?
2. Immediately I requested by phone and mail to square off the position, but instead of squaring off, miss guiding me to wait for expiry date, which leads to huge loss.
3. I think this position could be exercised that day only? but why they are not doing exercise ?
Now, I have all evidences (Mails & Mobile data) regarding the same. I am planning to give complaint against zerodha to SEBI. Please suggest me to ASAP to avoid loss.
Regards,
BETHI KRUPA.