R K Global Issues!

[nac]

Hi,
I want to open A/c with RK Global. I have que. -- 1. Can i Short Sell Call Option
2. Margin require to Sell a call option

I haven't tried FnO, but I am 99.99999999999% sure you can short sell call option.
Margin required would be same as margin for underlying future contract. Margin required for future contract changes everyday based on its spot price. For NIFTY it could be around 25k or 26 k

 

[brlugade]

Thanks nac,
but my question is- If suppose "Nifty-5300-Call" Trading at Rs.100, now I want to sell it at Rs.100 & will buy ay lower level (square-off). Amount of margin required to sell option? and is this facility available with R K Global? Please reply
Thankyou.
Bhalchandra
pune

 

[nac]

but my question is- If suppose "Nifty-5300-Call" Trading at Rs.100, now I want to sell it at Rs.100 & will buy ay lower level (square-off). Amount of margin required to sell option? and is this facility available with R K Global? Please reply

Yes, you can short and cover it later. I am not sure about the exact margin amount required to short one lot of nifty call option. It would be around 25k. Up to my knowledge every broker allow us to short option provided we have enough margin to short. Few brokers don't allow us to trade far month contract. Here is the question and this can be answered by RKG FnO traders.

 

[risky_trader]

RKG charges hundred rupees for complete transaction (Buy+Sell)
or 50/- for one transaction.

RKG charges hundred rupees for complete transaction (Buy+Sell)
or 50/- for one transaction.



can u tell what r these charges for?

plz explain.

 

[Shilpa.Magdum]

i have account with motilaloswal with POA
its a normal practise for brokers as this helps them in selling the stock and clear the debit in your account
formosl they clear the debit on every t+5 day

 

[kaushikbanerjee]

RKG charges hundred rupees for complete transaction (Buy+Sell)
or 50/- for one transaction.



can u tell what r these charges for?

plz explain.

These charges are government charges and taxes applicable to all brokers. They are bound to charge those from the client and give it to government.
Thes charges are same to all. Only Stamp Duty may be different (although very slightly) bcoz as far I know Stamp Duty is state government charge and depends on where is your broker registered.

U can compare only brokerages between two broking houses.

 

[kaushikbanerjee]

Hi,
I want to open A/c with RK Global. I have que. -- 1. Can i Short Sell Call Option
2. Margin require to Sell a call option

Margin required to sell option (call & put) are much higher than futures in most brokerages. No idea about RK global in this matter. But this is option writing and bears unlimited risk. I have Sharekhan a/c and they need 3.5 lakhs in account to give the permission of option writing.

 

[kaushikbanerjee]

I am trading with RKG for last one week. I checked contract notes for discrepancy in charges and found discrepancy. I don't know you guys have mentioned here or not. But I haven't seen it. I am trading only in NSE CASH.
I have been trading in Indian market for the last two years. All the time, I was doing day trading in cash segment. I have never ever charged any amount under the head SEBI TAX. I surfed web about this, finding this charges is charged when we trade in derivatives but not in capital market. I don't know why I am getting charged. And Stamp duty, I was paying .002% with other brokers. But now I am paying .00225% in RKG. I am sure statutory levies are same for all the brokers. I wonder why these differences. I calculated the difference amount I am paying to RKG compared with IIFL. For every crore turnover I am paying extra Rs. 27.47/-. (I guess, I am paying lesser than actual in IIFL).

For the clearer picture -

Broker	Turnover	Stamp Duty	SEBI TAX	Total	Difference
RKG	10000000	225	              10	235	35
IIFL	10000000	200	               0	200

Anybody got anything to say regarding these differences. Are you guys checking these things in your contract note?

I sent a mail regarding this. Till date, I ain't got any reply from them. Its been a week.

Stamp Duty is imposed by State Governments and varies slightly depending on where is your broker registered.
Sharekhan didn't charged me ever in the name of Sebi Tax. But I learnt by searching google that Sebi Tax is applicable in Derivatives segment (only 0.0002%).

 

[jaywings007]

with RKG I generally write (sell) the options NIFTY... they firstly block the full margine for nifty future required and then credit the total primium I recive from selling option. i.e Nifty margin say 27000/- - (prem.100x Lot of 50)= 22000/- is blocked.....

but if you sell one call and one put then you can have advantage of hedging and can sell with total investment of almost 30000/-

generally I am able to sell one pair of call and put with one future lot of nifty with the investment of almost 47000-50000/-.. which is quite low... nice to RKG

 

[MarketRider]

I m infoline user but thinking of R K GLOBAL ...
see the difference in brokerage..
in futures infoline charges @ 0.03% = around 170 rs (with ST)..
and 100/ lot options = 200 + 22 (ST)
minimum 5 nifty points for breakeven
Now compare this to RKG @ 9 / lot = 18 + 2 (ST)
only 2 nifty points for breakeven..

other than brokerage, infoline service, their TTadvance is good with charting capabilities..but recently problems encountered...hangs especially when you need urgently/ fast action.. ....
not sure about ODIN DIET...

In RKG they have written in their website about so many charges like software charges, web based charges, documents / bills charges, courier charges,... trade for call charges @ 25 per call...etc.
I think it will reach around Rs 2000 pm with all includ, for their indiatrades account ( @ 999 pm)...but even then it is much cheaper for me, almost 25 % compared to infoline..so welcome RKG..:thumb:
nac and other RKG clients , whats your experience? how much you have to shell out per month..? regarding ODIN ? call per trade ..is it good ? I may have to frequently use this , because of broadband problems at my end ..at present i just phone to infoline franchise here..and they do as said..