Stuck in Options

[bandlab2]

yo want to buy nifty call 4400 and sell nifty 4500 call. add both of them to my favorites. check 2L for both. now click on buy for call 4400, place the order, comeback to favorite, sell 4500 call.

each is an independant order but for margin purpose they are linked.

try this mode for a fictitious price. make sure you are comfortable. then place the order for real values

 

[AW10]

Bandlab2, Thanks for explaining the process. I will try this out.

Do you know how these 2 transactions are tied togather ?
ICICIDirect blocks margin for only Sold option. Buy position does not need margin.
So I still have open question about treating this as combined position.

I was expecting that they should be able to give me effective price (bid/ask) for combined position by deriving it from current bid/ask for each individual leg. And later, when I want to squareoff, then I should be able to square the complete Spread position in one go.

Probably I am expecting too much too soon from them.

Happy Trading.