|
| Discuss How to write a covered call using ICICI Direct? at the Options within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi Friends, I have been doing intra-day and positional trading for quite a while ... |
|
|||||||
| Notices |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
9th January 2008, 02:50 AM
|
|||
|
|||
How to write a covered call using ICICI Direct?
Hi Friends,
I have been doing intra-day and positional trading for quite a while now. Now I want to venture into Derivatives. I had acquired knowledge of derivatives in my MBA from IIM C, when I studied Options,futures and derivatives course. I intend to write a covered call on my 80 BHEL shares. I need step by step help and guidance from some erudite members of this forum. Also I would l would like to chat with some members regarding steps to perform in icicidirect to write a covered call. My e-mail id is saumit_iimcal (domain is y a h o o dot com). I request some members who have been into derivatives give me their number (if they OK with sharing their contact number) so that I call them and seek their guidance. (Remove "spaces" from my e-mail id. while sending me an e-mail) Thanks. 
|
|
#2
5th May 2008, 09:48 PM
|
|||
|
|||
|
Re: How to write a covered call using ICICI Direct?
I don't think you can create one single order for covered call in ICICIdirect.
To create this position, I will goto Equity section of ICICIDirect and buy the stocks. Then goto Derivative section and sell the call option at desired strike price. Best thing is you can pledge the BHEL shares with ICICIDirect and create margin limit and use that limit to write covered call. btw - when u sell a covered call, your obligation is for one contract of BHEL which is equal to 300 underlying shares of BHEL. If you have 80 BHEL shares with you then be aware that your sold call position is not completely covered and hence you are exposed to risk similar to Writing Naked Call (partially). Happy Trading.
|
|
| Bookmarks |
| Thread Tools | |
|
|
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss
arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
Re: How to write a covered call using ICICI Direct?
