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GoodNews for Options traders.

Discuss GoodNews for Options traders. at the Options within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi , As per NSE circular , Trading members Shall charge brokerage only on premium ...


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  #1  
Old 4th January 2007, 01:12 AM
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Default GoodNews for Options traders.

Hi ,

As per NSE circular , Trading members Shall charge brokerage only on premium and not on strike price+ premium . The only concern we will have is about STT whether STT will also be charged on premium only or not .

http://nseindia.com/content/circulars/legl8319.htm

Regards
Naresh
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  #2  
Old 4th January 2007, 08:05 AM
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Default Re: GoodNews for Options traders.

Thanks for the news, since when does it come into effect.
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Old 4th January 2007, 08:29 AM
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Default Re: GoodNews for Options traders.

Yep if it does, then can be a gr8 news.


TY
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Old 4th January 2007, 09:33 AM
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Default Re: GoodNews for Options traders.

thanks for the posting....pretty good news at the begining of the year..
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Old 4th January 2007, 11:23 AM
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Default Re: GoodNews for Options traders.

Naresh,

That's a good news and may we say bad too, because there will be more Option buyers who will contribute their share to the percentage of losers....?!?!

Sunil Saranjame.
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  #6  
Old 4th January 2007, 11:42 AM
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Default Re: GoodNews for Options traders.

Quote:
Originally Posted by sunil saranjame View Post
Naresh,

That's a good news and may we say bad too, because there will be more Option buyers who will contribute their share to the percentage of losers....?!?!

Sunil Saranjame.
But atleast ppl wont get screwed like they do in FUts.
Limited Risk is a Gud funda.
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  #7  
Old 4th January 2007, 01:03 PM
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Default Re: GoodNews for Options traders.

that is great news for option traders.....especially for those who undertake spreadtrading and other strategies that involve purchase and sale of multiple options in executing a strategy who used to get killed by the brokerages.....but then again i am afraid the broking houses would adjust the percentages accordingly so that the absolute brokerage per lot would remain almost same as they are now.......
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  #8  
Old 4th January 2007, 04:46 PM
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Default Re: GoodNews for Options traders.

Naresh,
Thks, for the info.
Asish
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  #9  
Old 5th January 2007, 12:16 PM
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Default Re: GoodNews for Options traders.

What is the reaction of the brokers? when it will be implemented? by the way, a great news!
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Old 5th January 2007, 01:40 PM
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Default Re: GoodNews for Options traders.

Quote:
Originally Posted by kannamthanam View Post
that is great news for option traders.....especially for those who undertake spreadtrading and other strategies that involve purchase and sale of multiple options in executing a strategy who used to get killed by the brokerages.....but then again i am afraid the broking houses would adjust the percentages accordingly so that the absolute brokerage per lot would remain almost same as they are now.......
Absoloutly right , they have adjusted it. I told my broker about this circular and he said that now brokerage on option trading is varies between 1.50% to 2.50% of premium amount. so in net there is no benefit to investor/trader.
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