Day Trading Stocks & Futures

rahulmalik

You only lose what you cling to.
Oh this no good. I just logged a query with zerodha putting the same question. While i understand the logic behind taking a fresh position, exiting the position shud not be a challenge. Thanks for sharing this :up:

Will update here once they reply.
I got the answer - this is for all those who trade BN options using zerodha - :)

Query
While I understand that I will not be able to take a fresh position due to 15% OI limit, i would like to know that will i be able to exit my already existing position, even if that strike price option is blocked for fresh trades ?
Nov 21, 2018 10:11 Sameer Upendra Bhukebag

Thank you for writing to Zerodha.

Yes Sir, you will be able to square off for your existing positions.
 

kharikumaar

Well-Known Member
I got the answer - this is for all those who trade BN options using zerodha - :)

Query
While I understand that I will not be able to take a fresh position due to 15% OI limit, i would like to know that will i be able to exit my already existing position, even if that strike price option is blocked for fresh trades ?
Nov 21, 2018 10:11 Sameer Upendra Bhukebag

Thank you for writing to Zerodha.

Yes Sir, you will be able to square off for your existing positions.

thanks for clarifying. when i had this issue a few months back their limiting factor also covered squaring off. i had 2-3 days of arguments with them, and finally stopped trading. i think they have become so big they are insensitive to small traders now
 
I got the answer - this is for all those who trade BN options using zerodha - :)

Query
While I understand that I will not be able to take a fresh position due to 15% OI limit, i would like to know that will i be able to exit my already existing position, even if that strike price option is blocked for fresh trades ?
Nov 21, 2018 10:11 Sameer Upendra Bhukebag

Thank you for writing to Zerodha.

Yes Sir, you will be able to square off for your existing positions.
Then how will the percentage limit will get reduced ?
Even in stocks with F&O Ban, existing positions can be squared off ..it is natural to expect that..this seems a forced locking of trader's position..
 

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