How is brokerage on options calculated?

swagat86 · #11 6th October 2007, 05:47 PM

Quote:

Originally Posted by Bhavin_4871

Hello swagat,

please advice me on, how to calculate cash market and future market charges ? by making excle sheet calculator

Hi Bhavin,

Diff brokers have different ways of charging brk.

for example ICICI charges brk+Service tax+STT, thats all.

But many charge SEBi tax+turnover charges etc. In ur contract nore u will find it all. Just put it in Excel sheet. Its very simple.

Thanks

humble.student.trader · #12 26th October 2007, 10:36 PM

Looks like ICICIdirect charges fixed brokerage as per theire customer service. Anyone trading in ICICIdirect saw any more charges levied?

Options
Total Eligible Premium Value per month Flat brokerage per contract lot (Rs.) Effective Flat Brokerage On Intra Day Square Off (Rs.)
Above Rs. 20 lacs 65 32.5
Rs. 10 Lacs - Rs. 20 lacs 70 35
Rs. 5 lacs - Rs. 10 lacs 75 37.5
Rs. 2 lacs to Rs. 5 lacs 85 42.5
Less than Rs. 2 Lac 95 47.5

prafull · #13 26th October 2007, 11:19 PM

CAn Any One tell Me about the margin required for Sell of option CE 50 Nifty Dec 2007 5700@ Rs 300/-. & How Other margins will Required day to Day basis.

torontoguy · #14 27th October 2007, 07:01 AM

Hello I am also very much confused about calculating the brokerage.

According to me my broker calculate as following.

if i am taking the call of nifty 5500 and its rate is 90 then brokerage will be charged like this

5500+90=5590*.03%=1.677*50=83.85 + other taxes

I think brokerage will be 83.85 + other taxes

correct me if I am wrong

torontoguy · #15 27th October 2007, 07:08 AM

Hi Prafull

Actually right now I am with Indiabulls and whenever I take any call they take the full money.
Like if take the example of your call 5700 Which is at Rs.300 and total charges is Rs.300*50=15000/-
My broker will take 15000 full amount from my account.

But in case of short I am not very much sure about this I think in short side also broker will take the same money.

I think M to M is only applies in Future stock and in Options I think broker don't take margins they take full money of the call/put

but I am also not sure any senior can comment on this

Quote:

Originally Posted by prafull

CAn Any One tell Me about the margin required for Sell of option CE 50 Nifty Dec 2007 5700@ Rs 300/-. & How Other margins will Required day to Day basis.

prafull · #16 27th October 2007, 09:39 AM

[quote=torontoguy;124620]Hi Prafull

dear Freind,
When we sell a option or future we has to pay full SPAN margin . Because we have infine liability to bear loss.

sanjugalande · #17 1st November 2007, 02:07 AM

dear senoirs/kotak users
how is brokrage calculated in kotak in option

smridhi · #18 5th November 2007, 06:08 PM

Quote:

Originally Posted by sanjugalande

dear senoirs/kotak users
how is brokrage calculated in kotak in option

Dear friend

Kotak's Option brokerage is = 2.5%(premeium * lot size) + Service Tax of 12.36% + STT for sell Leg

Minimum brokerage (buy/sell) = Rs.100

Hope it is useful for you.

Regards
Smridhi

sanjugalande · #19 5th November 2007, 07:36 PM

thank you very much Smridhi
...sanju!

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