GoodNews for Options traders.

beginner_av · #21 10th January 2007, 11:04 PM

just go to sleep...as the regulators and exchanges sleep too..
i am not being sarcastic...just dont know what else to do

swagat86 · #22 11th January 2007, 12:13 AM

Quote:

Originally Posted by beginner_av

just go to sleep...as the regulators and exchanges sleep too..
i am not being sarcastic...just dont know what else to do

Its realy Sad.

techdr · #23 12th January 2007, 07:08 AM

Hi Naresh,
though now they have to charge brokerage on premium the brokerage amount is still 1.5% so still brokers are going to charge higher brokerage and make same money.
Though in long run i agree it will benifit everyone.

smanimdu · #24 14th January 2007, 08:04 PM

market may rise. market may fall. but the brokers are always the winners.

neo · #25 16th January 2007, 02:53 AM

I just asked my broker, and they say "we are working on this, and will let you know when we decide new brokerage structure, Till than old structure will continue". NSE and SEBI should be strict in forcing these rules. As per my knowledge, the circular stated that now onwards Charge brokerage on option premium, But still these guys are charging old brokerage rates, A clear violation of Rules.

rajib333 · #26 16th January 2007, 12:31 PM

yes, i enquried nse, they told it was effective frm 5th jan,
if someone not respecting the same , is a clear violation of rules and regulation and nse shold take action in this regard.

uasish · #27 16th January 2007, 01:14 PM

Quote:

Originally Posted by rajib333

yes, i enquried nse, they told it was effective frm 5th jan,
if someone not respecting the same , is a clear violation of rules and regulation and nse shold take action in this regard.

Rajib,
Plz keep your vigil and thank you for keeping us posted.
Asish

neo · #28 17th January 2007, 03:49 AM

I informed my broker about this and now waiting for his reply, Meanwhile I have some open option position, so I might know soon.. By the way, I think shifting to some other brokerage house would be better option. I might save substantial amount of money, which I spent on brokers.

Interestingly I calculated how much I paid to kotaksecurities in last 1 year, the total sum was 50000Rs as brokerage. After Brokerage my profit is 60000rs, So If I would have used broker like Reliance Money, My profit after brokerage would have been 80000. a clear 60-80% more profit.

uasish · #29 17th January 2007, 11:19 AM

Quote:

Originally Posted by neo

I informed my broker about this and now waiting for his reply, Meanwhile I have some open option position, so I might know soon.. By the way, I think shifting to some other brokerage house would be better option. I might save substantial amount of money, which I spent on brokers.

Interestingly I calculated how much I paid to kotaksecurities in last 1 year, the total sum was 50000Rs as brokerage. After Brokerage my profit is 60000rs, So If I would have used broker like Reliance Money, My profit after brokerage would have been 80000. a clear 60-80% more profit.

Neo,
I am at klokata & Reliance Money will start their full fledged operation by end Jan,am very optimistic about the brokerage part ,lets wait & see.
Asish

neo · #30 19th January 2007, 01:19 AM

guys,
I did couple of transactions yesterday in Options, and still Kotaksecurities charged me brokerage on strike price + premium, Not on only premium. Those would be my last transactions with them, and I am closing the account.

By the way, What are our options against such rule violations?

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