I need some help regarding straddle strategy.
Tata motors:
buy Tata motors 190 Dec 2011 PE: 7.5
buy Tata motors 190 Dec 2011 CE: 9
What should happen so that this strategy will be successful? I have not traded options b4 so read up a lot on it. However nothing beats practical experience. How much additional transaction based money will I have to pay besides brokerage in terms of mandatory taxes etc. Also read NCFM module on options trading however it has no information on how much money needed as margin money or the taxes and other charges to be paid on options
Please also suggest a good broker since my current broker charges 95 rs flat per lot as brokerage.
Tata motors:
buy Tata motors 190 Dec 2011 PE: 7.5
buy Tata motors 190 Dec 2011 CE: 9
What should happen so that this strategy will be successful? I have not traded options b4 so read up a lot on it. However nothing beats practical experience. How much additional transaction based money will I have to pay besides brokerage in terms of mandatory taxes etc. Also read NCFM module on options trading however it has no information on how much money needed as margin money or the taxes and other charges to be paid on options
Please also suggest a good broker since my current broker charges 95 rs flat per lot as brokerage.