Zerodha - Number One Discount Broker in India
- Thread starter Traderji
- Start date
Thanks for reply. But it's wrong answer 
as BIRLAPOWER though is in the BE category is not an illiquid scrip as per the criteria of illiquidity provided in the circular. So it doesn't belong to call auction category.
In my specific case, the order was placed at 9.00.01 am which got rejected while another 3 orders got accepted (open) with the same exchange entry time.
Anyway I got the probable answer from NOW team though placed in NEST.
Thanks again !
as BIRLAPOWER though is in the BE category is not an illiquid scrip as per the criteria of illiquidity provided in the circular. So it doesn't belong to call auction category.In my specific case, the order was placed at 9.00.01 am which got rejected while another 3 orders got accepted (open) with the same exchange entry time.
Anyway I got the probable answer from NOW team
though placed in NEST.Thanks again !
Hey ravi
Instead of making sweeping statements and bragging about how good it was in US for you, why don't you tell us specifically what is your problem with Zerodha.
As for now it seems from their response that they were quite right in squaring off your position.
We all certainly want our broker to have good risk management in place . . . its essential to protect us . . .
Cheers
Happy
Instead of making sweeping statements and bragging about how good it was in US for you, why don't you tell us specifically what is your problem with Zerodha.
As for now it seems from their response that they were quite right in squaring off your position.
We all certainly want our broker to have good risk management in place . . . its essential to protect us . . .
Cheers
Happy
there is no difference if its a trader or a customer ..... do you see why?
i would have personally bin leery if they DiD Not square ur position off, it puts my money at risk, do you see why?
look im not picking on u, just try and see the logic povided, im not ing to do te work for u, u will he to read my fed, gluck.
i would have personally bin leery if they DiD Not square ur position off, it puts my money at risk, do you see why?
look im not picking on u, just try and see the logic povided, im not ing to do te work for u, u will he to read my fed, gluck.
:thumb:
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Hi, Zerodha,
Just for a suggestion,
You can think of some lower margin facility for intraday option sellers. Here the risk is less, If someone want to sell a Rs 40-80 options to pocket a 6 - 10 premium within intraday in range bound days.
But the margin required to do such trade is equivalent to MIS at least, which is even much more than cover order.
But you can easily, see here even a cover order type margin like Rs 7,000 means 140 pt loss within intraday is more than enough for Rs 40-80 priced options.
If you could find a way to reduce margin for such less risky (not positional) option trades many one can benefit. It is clearly not possible using cover order (for options) but you can find other way. It is possible using the MIS code while Option Selling, you can give lower margin facility. May be with your new terminal. Your RMS Team can consider that case. Such facility will increase your turnover also.
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Just for idea for one nifty option intraday selling [under MIS code, auto square off 3:20 PM] you can block fixed Rs 5000 per lot (100 per unit) and no credit for sold position. Stop loss like cover order is at 100 pt difference at market order.
You can block another Rs 1000 extra per lot (extra 20 pt beyond stop loss market) as option price is more volatile or you can reduce max stop loss to 50 or 80 pt while fixed blocked margin is Rs 5000
It is clearly possible to implement if NSE don't objects. It is safe also for brokers. Zerodha is known for innovative ideas.
Best Wishes.
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Hi, Zerodha,
Just for a suggestion,
You can think of some lower margin facility for intraday option sellers. Here the risk is less, If someone want to sell a Rs 40-80 options to pocket a 6 - 10 premium within intraday in range bound days.
But the margin required to do such trade is equivalent to MIS at least, which is even much more than cover order.
But you can easily, see here even a cover order type margin like Rs 7,000 means 140 pt loss within intraday is more than enough for Rs 40-80 priced options.
If you could find a way to reduce margin for such less risky (not positional) option trades many one can benefit. It is clearly not possible using cover order (for options) but you can find other way. It is possible using the MIS code while Option Selling, you can give lower margin facility. May be with your new terminal. Your RMS Team can consider that case. Such facility will increase your turnover also.
===============
Just for idea for one nifty option intraday selling [under MIS code, auto square off 3:20 PM] you can block fixed Rs 5000 per lot (100 per unit) and no credit for sold position. Stop loss like cover order is at 100 pt difference at market order.
You can block another Rs 1000 extra per lot (extra 20 pt beyond stop loss market) as option price is more volatile or you can reduce max stop loss to 50 or 80 pt while fixed blocked margin is Rs 5000
It is clearly possible to implement if NSE don't objects. It is safe also for brokers. Zerodha is known for innovative ideas.
Best Wishes.
Hey price, thanks for the research on various topics and ur posts in this thread.
EXCEPt :} for this one, which borders on insanity.
3 points out of 50
1) option selling is the riskiest form of trading, bar none.
2) lol, u mean someone at zerodha will pre determine "range bound" days
3) every brokerage firm that does go broke, gave out too much margin (to themselves or their customers) at some pt.
If im wrong or have misunderstood, i apologize.
Have a good week everyone.
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