Broker requiring minimum margin for covered call

lonstud

Active Member
#1
Hi all,

I want to hold stocks in my demat account and sell calls on it to enhance returns. I want to know which broker allow me to carry this position with minimum margin.

To consider an example, consider following two positions
Reliance with stock price of [email protected] qty would require cash outlay of Rs. 5Lakhs
Call option of reliance with strike price at 2000 would require margin posting of lets say Rs. 1Lakh.
When looking at these two positions in isolation, I would need total capital of Rs. 6lakhs

Now I am looking for broker in which this total capital outlay will be minimum. Please suggest reputable brokers for the same.

As an added advantage, please let me know if brokers offer to buy stocks on margin and associated costs with it.
 

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