option scam rule penelty lol again

Vmaster369

Active Member
#1
just writing this so you can avoid penelty which i was forced to pay
Finvasia is broker


on Thursday i bought put of 9700 worth 12 lakhs
on monday i sold same for 21 lakhs

then i bought HDFC bank futures worth 19 lakhs

same night
magrgin short of 19 lakhs i got email

and now 1% penelty R.s 19000 i am forced to pay lol

so don;t make this mistake and good luck

they said this 21 lakhs i can use next day for buying and not same day

BS rules

And kids don;t play option
only reason i took put beacuse market rallied for 2 days stright 3% 3% so i was dead sure on monday it will go down 3% zzzz
 
Last edited:

Vmaster369

Active Member
#2
I have paid so much penelty to finvasia . R.s 20 brokerage looks small huh now lol
 

TraderRavi

low risk profile
#3
just writing this so you can avoid penelty which i was forced to pay
Finvasia is broker


on Thursday i bought put of 9700 worth 12 lakhs
on monday i sold same for 21 lakhs

then i bought HDFC bank futures worth 19 lakhs

same night
magrgin short of 19 lakhs i got email

and now 1% penelty R.s 19000 i am forced to pay lol

so don;t make this mistake and good luck

they said this 21 lakhs i can use next day for buying and not same day

BS rules

And kids don;t play option
only reason i took put beacuse market rallied for 2 days stright 3% 3% so i was dead sure on monday it will go down 3% zzzz
Reverse is also true ? If you sell your hdfc futures then can you buy options same day with that money or not ?
 

Vmaster369

Active Member
#4
in other broker idk
but in finvasia it;s best to buy on next day ..for futures case

same trap is for shares ... you sell 10 lakhs of shares ... money gets to u on t+2 i.e after 2 days
and if u buy futures of 8 lakhs same say u sell shares then margin short will arise

so be aware how nse penelty is designed to scam you lol
 

Vmaster369

Active Member
#5
another addon
if u have future position and u square off next day
do not buy in equity else margin short

furure square off = u get money next day not same day


For all 4 case i have paid penelty lloll
 

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