You can do this intraday as well now - depends on how much capital you employ. If you buy 1000 options @ 20 rs = Rs. 20000 look at the following table for how much you stand to make:
Bought Sold Qty Brokerage Taxes Net
20 20.1 1000 40 43.31 16.69
20 20.2 1000 40 43.41 116.59
20 20.3 1000 40 43.51 216.49
20 20.4 1000 40 43.61 316.69
20 20.5 1000 40 43.7 416.6
20 20.6 1000 40 43.8 516.2
20 20.7 1000 40 43.9 616.1
Please be careful though, study the way options move with the underlying and I work only with Nifty options - beginning of the month with far out of money and towards the middle of the month with slightly out of money options.
I don't know if most people realize how much Zerodha empowers traders, but most of my friends are moving to Zerodha immediately - the power of 40 Rs flat brokerage is to be experienced.
Thank you Zerodha
Also, word of caution - please start off slow and do not use your entire capital at any point during intraday options trading because the volatility is pretty massive and you may need capital to average out your buys.
Bought Sold Qty Brokerage Taxes Net
20 20.1 1000 40 43.31 16.69
20 20.2 1000 40 43.41 116.59
20 20.3 1000 40 43.51 216.49
20 20.4 1000 40 43.61 316.69
20 20.5 1000 40 43.7 416.6
20 20.6 1000 40 43.8 516.2
20 20.7 1000 40 43.9 616.1
Please be careful though, study the way options move with the underlying and I work only with Nifty options - beginning of the month with far out of money and towards the middle of the month with slightly out of money options.
I don't know if most people realize how much Zerodha empowers traders, but most of my friends are moving to Zerodha immediately - the power of 40 Rs flat brokerage is to be experienced.
Thank you Zerodha
Also, word of caution - please start off slow and do not use your entire capital at any point during intraday options trading because the volatility is pretty massive and you may need capital to average out your buys.
