Zerodha - Number One Discount Broker in India

[market oracle]

Hi Zerodha,

I have a confusion. For Example,

On Day 1 - I have Rs.1 lac. I buy options worth 50k

On Day 2 - The total margin amount left is 50k available for trading. If I sell the options at cost price, will the margin available (Rs.1 Lac) be updated realtime or EOD?

Also, will I be able to take positions worth Rs.1 lac in the account immediately after I square off?

 

[TraderRavi]

Hi Zerodha,

I have a confusion. For Example,

On Day 1 - I have Rs.1 lac. I buy options worth 50k

On Day 2 - The total margin amount left is 50k available for trading. If I sell the options at cost price, will the margin available (Rs.1 Lac) be updated realtime or EOD?

Also, will I be able to take positions worth Rs.1 lac in the account immediately after I square off?

yes margin available immediately .

 

[LivetoTrade]

zerodha, just saw the crowd.in website in detail, isn't the 1 point range too ambitious?

 

[Trader J]

I want to know prize distribution in CROWD.in

Suppose NIFTY close on Friday at 7700

Suppose two person predicted on first day (Rs 100 K) 7700
Suppose four person predicted on second day (Rs 70 K) 7700
Suppose three person predicted on fourth day (Rs 30 K) 7700
Suppose Ten person predicted on Last day (Rs 1 K) 7700
How you distribute 100 K in above all winners.

 

[Zerodha]

zerodha,

there is option below bracket order in nest called option greeks. please tell me how to use it. i have read ur article regarding to option greeks and i am very much interested in it.

That is still not live, but we are putting up a very interesting blog on greeks soon.

 

[Zerodha]

My current version of Nest is 3.10.57. I need to download and install the 3.11v.
Is there any uninstall or does the new version install over the old one?

Also want to install Nest Plus. Why does the registration page go to Omnesys where I need to fill in my account number and a lot of other info that they have no right to? :annoyed:
All I want is a candlestick chart without indicators, can I get it from Nest without installing Nest Plus and registering with Omnesys?

You are auto registered on NEST plus, so no need to fill anything.

If you are having issues with this send an email to [email protected], he will call and help

 

[Zerodha]

what happened to zerodha back office ? before it so good .. now they some thing called Q and it worst of it kind .. IMO

Hey Stock, will help if you can tell what you don't like rather than making a blanket statement that doesn't help us in understanding what you are asking for.

Btw, you can continue accessing the old backoffice on bo.zerodha.com

 

[Zerodha]

Hi Zerodha,

I have a confusion. For Example,

On Day 1 - I have Rs.1 lac. I buy options worth 50k

On Day 2 - The total margin amount left is 50k available for trading. If I sell the options at cost price, will the margin available (Rs.1 Lac) be updated realtime or EOD?

Also, will I be able to take positions worth Rs.1 lac in the account immediately after I square off?

On day 2 when you sell 50K worth of options yes you will immediately have 1lk to trade with, and will be available in realtime.

But here is one thing to remember, of this 1lk , 50k is free cash and 50k is cash from the sales you have made.

In case you hold entire 1lk of options for overnight, (50k free cash + 50 K which is still not realized (proceeds from sale of options is realized on T+1 day basis)).

So exchange would charge a tiny short margin penalty on this 50k, i.e if you hold the position for overnight.

 

[Zerodha]

zerodha, just saw the crowd.in website in detail, isn't the 1 point range too ambitious?

If you make it too easy, then everyone wins ..

But yeah the response has been pretty spectacular and by popular demand we are changing this by next friday.. a complete gamification of this..

 

[Zerodha]

I want to know prize distribution in CROWD.in

Suppose NIFTY close on Friday at 7700

Suppose two person predicted on first day (Rs 100 K) 7700
Suppose four person predicted on second day (Rs 70 K) 7700
Suppose three person predicted on fourth day (Rs 30 K) 7700
Suppose Ten person predicted on Last day (Rs 1 K) 7700
How you distribute 100 K in above all winners.

We have a formula in place for this where the 1lk will be divided based on who called it the earliest..