Least brokerage for options

Discussion in 'Options' started by gatul, Apr 3, 2008.

  1. gatul

    gatul New Member

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    I currently use Indiabulls for options trading - they charge a minimum brokerage of Rs 100 or 2.5% whichever is higher. This is far too expensive and eats up a lot of profits.

    Is there any other broker which charges lesser brokerage for options (similar to that for futures)?

    Thanks
    gatul
     
  2. dourediff

    dourediff Member

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    RK Global charges Rs. 9/- per lot
     
  3. ucalegon

    ucalegon Member

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    Reliance Money charges Rs. 2500 for 6cr. of trading. If an option lot is around Rs. 3 lakhs (like an RPL, 170 strike x 1675 lot size) you will pay Rs. 12.5 for hte brokerage. Remember though that transaction taxes/stamp duty (about 0.005% of (strike+premium) x lot size) and STT (0.017% of premium x lotsize, on the sell side, and 0.017%x * (cmp x lotsize) on the buy side only if you exercise) is extra.
     
  4. gatul

    gatul New Member

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    Thanks for your replies.

    gatul
     
  5. darkhorizon

    darkhorizon New Member

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    Rs 9 per lot......?? thats it ? is it same for nifty options too ?

    Coz currently i am paying Rs 100 per lot as brokerage everytime i buy or sell nifty options at India Infoline.

    Rs 100 as brokerage for buying and Rs 100 as brokerage for selling.

    :(
     
  6. sanjugalande

    sanjugalande Member

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    kotak also charging me 100rs per lot or 2.5% whichever higher
    i think upper liminit is 2.5% or 100rs as per sebi
     

  7. margincall

    margincall New Member

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    Quick Option Questions

    Guys:
    I am new to option trading, and have a couple of questions.

    1. Is there a good site to get Nifty option quotes. I see them on the NSE site but I dont see a bid/ask price. Do they usually go off the "last price"

    2. Also - for example - I see the May 5100 call at 94.95 84.00 93.70 90.00 82as High, low, prev close, last price and number of contracts traded resp.

    Please excuse myt ignorance, but how does this work. If I choose to buy 1 contract, at Rs 90. How much do I have to come up with. Some sites say 50*90, some say 100 * 90.

    Thanks in advance for your help.
    ..
     
  8. gatul

    gatul New Member

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    It depends on lot size of the contract. Current for NIFTY is 50. So its 50*90. Earlier ir used to be 100, so it was 100*90.

    Hope this helps
    gatul
     
  9. akpinku

    akpinku Member

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    Is possible to get negotiated broakarage on option from Indiabulls??
     
  10. thimma

    thimma Member

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    Re: Quick Option Questions


    Check this http://www.nseindia.com/marketinfo/...JUN2008CA560.00&segment=FO&symbol=RCOM&flag=0

    Go to http://www.nseindia.com/content/fo/foquote.htm
    and enter the necessary details for an actively traded option contract.

    Don't use "For an underlying" box

    Use the "For a contract" choices :)
     
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