brokerage in ICICI for an option

Hi,
Does anybody know how much % ICICI charges for an options contract?

Thanks
craj

Dear anicraj,

ICICI charges 0.1% of the contract price. Here the contract price is determined by (strike price + premium)*volume. To make it simple, if you buy 1 lot of call/put option of Nifty 3100 strike price by paying 80 premium, the brokerage will be (3100+80)*100(since Nifty lot size is 100)*0.1% which is Rs.318/-.

Over and above this brokerage, service tax and STT are applicable.

You can know more on this by visiting http://content.icicidirect.com/mailimages/feeschedule.htm

You can go through their customer service section for more useful information at https://secure.icicidirect.com/customer/customer.asp

Regards,

Abhay (AAD)