Zerodha....

[lazyboy.ash]

Hi
In the download centre , the form available for opening trading account doesn't have zerodha logo on it. The IL&FS form has their logo. Can i use the form without logo instead of the online application ?
Thnks

 

[chandan78]

Hi Chandan,

There is a calendar spread order window, you can place calendar spreads...

The example you have given is not a calendar spread, because they are 2 different strike prices....

For a position like above, there is no margin benefit you get, you would be blocked margin as applicable for each individual position... you can check the margin requirement on our facebook page under discussions....

If it was a calendar spread, buy 5700ce this month and sell 5700 ce next month, then margin would be blocked only one side... exchange gives margin benefit on calendar spread....

As far as brokerage is concerned, if you are buying and selling 10 lots at a time, breakeven point would be around 10-15 paise for nifty options...

Send us an email to [email protected], we will send you a brokerage calculator....

Sell nifty sept-2011 4800 PE @ 64.35
buy nifty sept-2011 4500 PE @ 25.80
Sell nifty sept-2011 5400 PE @ 328
buy nifty sept-2011 5700 PE @ 589.10

as per my broker span calculator margin requirement for this position altogether = Rs. 5340. so i am getting margin benefit. kindly tell me if i place that type of trade what is your margin approximately? if you want then i can send you the screen shot of that.

 

[Zerodha]

Hi
In the download centre , the form available for opening trading account doesn't have zerodha logo on it. The IL&FS form has their logo. Can i use the form without logo instead of the online application ?
Thnks

Hi Lazyboy,

Yes you can use that form,

Also, if you shoot us an email to [email protected], we will send you the form with instruction sheet....

Cheers..

 

[Zerodha]

Sell nifty sept-2011 4800 PE @ 64.35
buy nifty sept-2011 4500 PE @ 25.80
Sell nifty sept-2011 5400 PE @ 328
buy nifty sept-2011 5700 PE @ 589.10

as per my broker span calculator margin requirement for this position altogether = Rs. 5340. so i am getting margin benefit. kindly tell me if i place that type of trade what is your margin approximately?

Chandan are you serious??? I have a feeling the calculator may not be working properly!! try placing a trade with the same position and see the exact margin that is being blocked.... It can't be 5340, your sell 5400 and buy 5700 carry's a risk of 270 points on nifty(around 15k)...

None of the above positions are calendar spreads, so margin would be blocked separately....

For your 5700 and 5400 combo... the premium received by selling the nifty 5400 pe can be setoff upto that extent on nifty buy position....But still margin blocked would be atleast 40k for this for an overnight position as it is deep in the money option that you are writing....

For the other combo, the margin required would be around 30k for the combo...

Both of the margin required I mentioned is for overnight positions, for intraday, it would be 40% of that...
Cheers...

 

[chandan78]

so beside calender spread no benefit of margin money obtain in nse for credit or debit spread?? all the other cases margin determine by separate legs.

 

[pumajay]

Hi Zerodha,

It is sad to get to know about the warning. But everyone wants to make money :-D :lol: :rofl:

Using the excel we can get the RT data to the TA software but the problem would be the backfill . The setup you had offered would have been beneficial to all, but again ... it is sad that it could not go ahead

Hi Eagle,

The idea is to bring the fun back into it...People are so focussed about money making that they forget trading is actually a lot of fun....

If we can make a contribution towards our clients having fun while trading, I think it is the other half of our job done( first half was to reduce the cost)....

RT data, NSE sent us a warning letter saying we can't distribute data.... There is an option of write to excel now, so if you can program an excel sheet, you can design your own RT data...

Commodities and Currency, both pending for exchange approvals, currency hopefully by end of this week, commodity might take sept end before it is up....

Thanks...

Rock n Roll...

 

[kgsirasangi]

Hi Zerodha,

It is sad to get to know about the warning. But everyone wants to make money :-D :lol: :rofl:

Using the excel we can get the RT data to the TA software but the problem would be the backfill . The setup you had offered would have been beneficial to all, but again ... it is sad that it could not go ahead

Following are now supporting NOW

http:// manshi. co. in/

http://www. tuljaconsultancy. com/ index2.php?webid=12

I have not used them.


Note :

I am in no way connected with above web sites.

 

[s011y]

You said that may be in September you will start commodity account also. What will be the brokerage there? Is it same as you offer for F&O?

 

[Zerodha]

so beside calender spread no benefit of margin money obtain in nse for credit or debit spread?? all the other cases margin determine by separate legs.

Yes..there is no margin benefit you get for any other option positions other than the calendar spreads...

 

[Zerodha]

You said that may be in September you will start commodity account also. What will be the brokerage there? Is it same as you offer for F&O?

Yes... We are planning to keep the pricing the same...