I bought 1 lot of Nifty Sep at 5700 for hedging at 18. I thought I will be making a Rs. 75 (5800 - 5700 + 25) per lot when it reaches 5800, when I sold 2 lots for my other option for Oct 5800 at Rs. 18. I assumed that the time value of Oct would have decayed by the time Nifty goes near 5800 (Nifty was at 5480 when I made this trade). I did not think about a scenario of such a run up in 1 week. I think I paid for the lesson to always hedge the entire position.
Can you please tell me how will ICICIDIRECT will square off the shares? I mean which shares will it sell? I have deposited 5 different shares.
Also they have squared off a portion of the options as well. That is I originally sold 2 lots. Now they have squared off one and I have only one under open positions. How should I be calculating what is the margin amount I need to deposit?
Can you please tell me how will ICICIDIRECT will square off the shares? I mean which shares will it sell? I have deposited 5 different shares.
Also they have squared off a portion of the options as well. That is I originally sold 2 lots. Now they have squared off one and I have only one under open positions. How should I be calculating what is the margin amount I need to deposit?
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