Dear ZerodhaOnline,
I have one question and need clarification so that it will help all users.
take for example.
I have 2000Rs in zerodha accunt
On dt 01.2.2011 I buy Call option 5700 @ 30Rs qty 50 Order type NRML.
Intraday Margin block is Rs 1500
at EOD I received contract note showing debit of 1525Rs
Dt 02.02.2010 My Available margin showing on NOW Terminal is 475Rs.
2000-1525 = 475Rs
on Dt 02.02.2010 morning 10:00 AM i Sell Call option 5700 @ 25Rs qty 50
Order type NRML
That means i sold my previous holding and closed pos.
on 02.02.2010 itself at 2:00 PM say same option rise to Rs 80Rs
on 02.02.2010 itself on NOW terminal it is showing 1 pos open which is
Sell Call option 5700 @ 25Rs and MTM loss showing when option price is Rs80 so -2750Rs
here i have only Rs 475Rs in margin and MTM loss showing -2750Rs.
NOW Terminal shows only positions of current day and don't show or know previous day holding.
My question is. what will happen in this situation ?
Will my pos will get squareoff at EOD with negative margin with loss of -2750Rs ?
as per me i closed(sold) my previous holding, but as per NOW Terminal it will understand as i write option (Sold Option) , since NOW knows/shows only current position and don't know any previous holding.
Pl Clarify this situation
I have one question and need clarification so that it will help all users.
take for example.
I have 2000Rs in zerodha accunt
On dt 01.2.2011 I buy Call option 5700 @ 30Rs qty 50 Order type NRML.
Intraday Margin block is Rs 1500
at EOD I received contract note showing debit of 1525Rs
Dt 02.02.2010 My Available margin showing on NOW Terminal is 475Rs.
2000-1525 = 475Rs
on Dt 02.02.2010 morning 10:00 AM i Sell Call option 5700 @ 25Rs qty 50
Order type NRML
That means i sold my previous holding and closed pos.
on 02.02.2010 itself at 2:00 PM say same option rise to Rs 80Rs
on 02.02.2010 itself on NOW terminal it is showing 1 pos open which is
Sell Call option 5700 @ 25Rs and MTM loss showing when option price is Rs80 so -2750Rs
here i have only Rs 475Rs in margin and MTM loss showing -2750Rs.
NOW Terminal shows only positions of current day and don't show or know previous day holding.
My question is. what will happen in this situation ?
Will my pos will get squareoff at EOD with negative margin with loss of -2750Rs ?
as per me i closed(sold) my previous holding, but as per NOW Terminal it will understand as i write option (Sold Option) , since NOW knows/shows only current position and don't know any previous holding.
Pl Clarify this situation