Trading for Living -- Successfully Completed one year as Full Time Trader

[amrutham]

Below is the expiry day trade taken.

Buy BN 24800 CE 600 Qty @ 57
Sell BN 24900 CE 1200 Qty @ 23
Buy BN 25000 CE 600 Qty @7

Net debit = 64-46 = 18*600 = 10.8K

Closed this position.

Bn 24800 CE 600 Qty @ 126
BN 24900 CE 1200 Qty @ 40
BN 25000 CE 600 Qty @ 5

Credit = 131 - 80 = 51*600 = 30.6 K

Net profit = around 20 K

 

[amrutham]

Entered into below position for BN May 03 expiry.

Buy BN 25400 CE 600 Qty@65
Sell BN 25500 CE 1200 Qty @ 44
Buy BN 25600 CE 600 Qty @ 28

Net Debit = 65+28 -88 = 5*600 = 3K

Max Loss = 3K

 

[amrutham]

As a hedge on downside, bought BN 24000 PE 200 Qty@10 for 03 May expiry.
debit = 2K

Net credit = 79-2 = 77K

Made below adjustment.

Buy 25500 CE 200 Qty @309
Sell 26000 CE 200 Qty @140

Buy 24000 PE 200 Qty @ 100
Sell 24500 PE 200 Qty @ 190

debit = 409 - 330 = 79*200 =around 16K

net credit = 77-16= 61K

 

[amrutham]

Entered into below position for BN May 03 expiry.

Buy BN 25400 CE 600 Qty@65
Sell BN 25500 CE 1200 Qty @ 44
Buy BN 25600 CE 600 Qty @ 28

Net Debit = 65+28 -88 = 5*600 = 3K

Max Loss = 3K

Margin blocked in Zerodha for this around 25 L where as it used to be around 18 L. Their calculator is still showing 18L.

I think the time has come to change the broker.

 

[travi]

Margin blocked in Zerodha for this around 25 L where as it used to be around 18 L. Their calculator is still showing 18L.

I think the time has come to change the broker.

Margin blocked is function of their internal RMS expected volatility and tends to vary without any notice. Calc will not update that frequently.

I think the time has come to change the broker.
This part is really difficult in context of margin, Aastha was popular but someone has posted that they've also changed their margins recently.
Getting low margin broker over-the-counter is almost impossible, every one is pretty much in this range.

The best way is to negotiate directly with the broker based on your performance and you can cut a deal.
don't remem but last i know IIFL is able to customize pretty well.

SEBI should spend more time focussing on enabling spreads than other non-issues

 

[TraderGYO]

SEBI should spend more time focussing on enabling spreads than other non-issues

 

[amrutham]

Agree. This is more imp.

 

[amrutham]

Over this weekend, will open trading account with FYERS.

If I satisfy with it, probably will move one of the accounts completely to them.

 

[Probability]

Margin blocked is function of their internal RMS expected volatility and tends to vary without any notice. Calc will not update that frequently.

I think the time has come to change the broker.
This part is really difficult in context of margin, Aastha was popular but someone has posted that they've also changed their margins recently.
Getting low margin broker over-the-counter is almost impossible, every one is pretty much in this range.

The best way is to negotiate directly with the broker based on your performance and you can cut a deal.
don't remem but last i know IIFL is able to customize pretty well.

SEBI should spend more time focussing on enabling spreads than other non-issues

How will broker manage the risk if one leg of the strategy is closed with other risky legs still open ?

 

[amrutham]

Margin blocked is function of their internal RMS expected volatility and tends to vary without any notice. Calc will not update that frequently.

I think the time has come to change the broker.
This part is really difficult in context of margin, Aastha was popular but someone has posted that they've also changed their margins recently.
Getting low margin broker over-the-counter is almost impossible, every one is pretty much in this range.

The best way is to negotiate directly with the broker based on your performance and you can cut a deal.
don't remem but last i know IIFL is able to customize pretty well.

SEBI should spend more time focussing on enabling spreads than other non-issues

Increase in margins in case of expected volatility due to any event is understandable. But today I do not get the point of increasing it.

Its almost 40% increase in margins.

Am I missing something ?