Status
Not open for further replies.
I would like to know what is the total amount charged for one lot of nifty option i.e if i buy a call option 5500 at 100 sell it at 120 my gross profit is 1000. I would like to know what is the end amount (net profit) i get after brokerage with added charges i will get.
Hello,

With Zerodha you can make following amount of profit:



Buy Price 100.00*50 (one lot)
Sell Price 120.00*50 (one lot)
Turnover 11000.00
Brokerage 40.00
Stt Total 1.02
Total Tran Charge 8.80
Stam Duty 0.00
Stamp Duty 0.11
Service Tax 4.88
Education Cess 0.10
Higher Edu Cess 0.05

Total Tax and charges 54.96
Points to Breakeven 1.10
Net MTM 945.04

I.e Rs. 945.04 on one lot.
 
Hello,

With Zerodha you can make following amount of profit:



Buy Price 100.00*50 (one lot)
Sell Price 120.00*50 (one lot)
Turnover 11000.00
Brokerage 40.00
Stt Total 1.02
Total Tran Charge 8.80
Stam Duty 0.00
Stamp Duty 0.11
Service Tax 4.88
Education Cess 0.10
Higher Edu Cess 0.05

Total Tax and charges 54.96
Points to Breakeven 1.10
Net MTM 945.04

I.e Rs. 945.04 on one lot.
Beautifully illustrated. Now all that is needed is such a calculation for 1 lot of futures of Nifty and most queries can be resolved by pointing to these posts.
 

jyotixxx

Well-Known Member
HI ZERODHA

ONE MORE QUERY..
SUPPOSE I PLACED A BEAR SPREAD ON NIFTY..
EG.. I BOUGHT 1 LOT OF NIFTY OPTION PUT STRIKE 5550 @ 150 AND SOLD 1 LOT OF OPTION PUT STRIKE 5500 @11
NOW
I PAID PREMIUM 50X150=7500
RECIEVED PREMIUM 50X110=5500
i,e ACTUAL PREMIUM I PAID=2000

IN THIS CASE PLZ TELL ME IF THE MARGIN REQUIRED TO CONTINUE TO HOLD POSITION FOR DAYS WILL BE CALCULATED AS PREMIUM I PAID FOR BUYING+MARGIN FOR SELLING.
OR
CUMULATIVE MARGIN WILL BE CALCULATED ,WHICH ACTUALLY MUCH LESSER.:)
OR
NO EXTRA MARGINS REQUIRED AS I HAVE NOT RECEIVED ANY PREMIUM ,AT THE END I HAV PAID PREMIUM OF RS 2000 INSTEAD

ALSO WANT EXPERT OPINION BY FELLOW TRADERS
 
Last edited:

Zerodha

Well-Known Member
waitin since dec 10.....all them say very soon...:mad:
With Icici we found a way around the roadblock... NOW will still take some time for the payment gateway to be available for icici.... With icici, it won't work as hdfc or axis(NOW gateway... With Icici, we have set up our accounts with icici and have gotten an approval from exchange for the same.... We are waiting for exchange and icici to enable the account for us.... For all icici clients, unlike the gateway, they will have to do icici to icici transfer, but the good thing is it will happen instantaneously...
 

Zerodha

Well-Known Member
There were talks about clubbing family members or something like that.. Any updates on it? I-Direct has come up with 7 days trades will remain open at a set limit price. Good for positional traders. You have coloum for No. Of Days in buy/sell dialog box after Validity date but both are freezed. It'll help for those who can't track market much or sit in front of computer for day long whole week. Try talking to NSE guys and be 1st low charges trader with such service, if i-direct can provide so you can. I saw BOLT yesterday, thundering fast. If you can tie up with BSE we can not only use BSE shares and but also will have option to use NOW or BOLT if one goes wrong, just in case. Please increase phone lines as in morning you 2020 number is hard to get attended these days. 1 month ago it was always available in 1st go. Please give set of numbers only for CC support. Finally, if I sell say 10000 worth CNC and buy and sell 10000 worth liquid bees, being % base client, will I be charged ILFS transaction? Reason of asking is I keep buying in at dips and keep selling the same in staggered way. 1st my funds get transfered T+2, if I convert it to liquidbees I guess funds will be released in T+1 or early and secondly my each sell takes away 15 bucks which will affect once you deduct ILFS charges. I'm ready to pay brokerages for the same, selling holdings, buying selling Lbees. Please clear these doubts and requests.

And yes, newswire was activated since a month or so. I noticed it once I started getting charged on bandwdth heavily as I have b/w meter running all the time. You cannot though delete it. Deactivating it will keep bringing in new messages. In morning there are about 200 messages that became news after market closed a day ago. On results quarter such messages goes upto 500 in morning and bigger headache is monday when there are more than 10 mb worth messages pouring in. You can't deactivate. It get stored somewhere and when you recall news section, all messages from past closing will be here updated. I tried to delete, search manually were it gets stored and everything but failed. It's not your fault though but it's really set back for limited bandwidth users and those who use 3g/evdo. You don't get high speeds until you pay +1200 per month and if you comrpmise on expenses, b/w gets capped. Plus there are FUPs to kill us, specially airtel broadband users. :(
Clubbing family members on a broker terminal?? Not for now!!
You can have multiple instances of NOW running on your system though....

Don't know about the idirect facility you are talking about, for now all the orders on NOW would be good till day(GTD)... So basically all your pending orders would be cancelled at end of day...Will check out with idirect if they are offering something like that, because according to my knowledge all orders placed on the exchange is cancelled by the exchange itself and not the brokers(Indian exchanges still don't have that facility).... Technically I think it is not possible for now, but if Idirect has done it, they must have found a way out... Will check out...

BOLT is very similar to NOW, We are presently not looking at it...First on our cards is MCX... ODIN is the cash cow for FT and they are creating huge roadblocks for any new platform for MCX...

Phone lines, We are getting 15 more lines, the volumes are high only first thing in the morning... Also, what I would also urge is not to call up just to find out prices of stocks and then cut the call...Our business model is an online model and call n trade is meant for call n trade... It is not meant for call n don't do anything... :) ... We might have to bring in a rule to curb these unwarranted calls.... But as far as your query goes, we are increasing the lines, you should not have problems reaching us...

DP charges are collected same way by every dp in the country...Charge is per debit... So if you buy 100 shares and take delivery of it, after 2 days if you sell it DP charge would be applicable as you have taken delivery to your dp... Now while selling if you sell 100 at one time or if you sell 10 shares 10 times during the day the dp charge is still applicable only once... But, if you sell 50 shares on one day and 50 shares on the second, dp charge would be applicable twice as these are two different debits....This is the same way it works with any dp in the country...

It is tough to keep everyone happy, the whole newswire thing was brought about because of popular request...I already posted a way to deactivate it, will find out if it can also be deleted same time....
 

Zerodha

Well-Known Member
HI ZERODHA

ONE MORE QUERY..
SUPPOSE I PLACED A BEAR SPREAD ON NIFTY..
EG.. I BOUGHT 1 LOT OF NIFTY OPTION PUT STRIKE 5550 @ 150 AND SOLD 1 LOT OF OPTION PUT STRIKE 5500 @11
NOW
I PAID PREMIUM 50X150=7500
RECIEVED PREMIUM 50X110=5500
i,e ACTUAL PREMIUM I PAID=2000

IN THIS CASE PLZ TELL ME IF THE MARGIN REQUIRED TO CONTINUE TO HOLD POSITION FOR DAYS WILL BE CALCULATED AS PREMIUM I PAID FOR BUYING+MARGIN FOR SELLING.
OR
CUMULATIVE MARGIN WILL BE CALCULATED ,WHICH ACTUALLY MUCH LESSER.:)
OR
NO EXTRA MARGINS REQUIRED AS I HAVE NOT RECEIVED ANY PREMIUM ,AT THE END I HAV PAID PREMIUM OF RS 2000 INSTEAD

ALSO WANT EXPERT OPINION BY FELLOW TRADERS
Hi Jyothi,

The only strategy where you get margin benefit is the calendar spread( buy this month and sell next month for both futures and options)....Margin is charged only on one side(the higher side)...

None of the other strategies get any margin benefit, your positions will be considered as separate and margins will be calculated individually...

Gnite
 
i don't think zerodha can do anything and give us charting ....

But the upgrade from Nse and they activating it definitely will give us charting.

Trading without chats is like walking with your eyes closed on highway


Untill then mera india bulls for charting while trading on zerodha

So double bandwidth usage :mad::mad:
 
Status
Not open for further replies.

Similar threads