Zerodha....

[columbus]

To begin with, we will have to work on 2 different platforms... NOW for equity and currency, ODIN for Commodities...

As far as fund transfer b/w platform is concerned... We have a fix, may not be as seamless since we will be working on 2 different trading platforms...

Cheers..

Thanks for your efforts !!!!

 

[dm135]

Zerodha, in one of your prior posts, you said that the exchange only recognizes calendar spreads for margin.

1. What is the margin on an index calendar spread with one month difference on same strike options?

2. What is the margin on an index calendar spread with one month difference on one strike away options?

 

[pavanai]

I couldn't go through the entire thread to verify this..So does shirodha have a web based interface to do trading or do i have to install some client?

 

[dm135]

If I sell the Dec 5000 call tomorrow and buy the Jan 5000 call, does the reduced margin show immediately or does it show after 1 day?

 

[comm4300]

I couldn't go through the entire thread to verify this..So does shirodha have a web based interface to do trading or do i have to install some client?

its Zerodha.

yes, there is web based interface.

 

[comm4300]

....deleted....

 

[zaptrader]

Hello Zerodha(sachin)

am interested in opening a new account,can you please clarify following doubts and send me related application forms

1> what are the segments currently Zerodha providing to trade and what are the platforms?(Equity,FNO,Currency,commodities ... --Nse NOW, Nse mobile ,ODIN)??
2>i am interested in mobile trading, please suggest best compatible mobile models based on your certification.

3> i don't see much information about your charges for the platform(say ODIN)

4> i am also looking for information regarding, what if a user travels to abroad on work for long term stay,say 2 yrs(hope status would change to NRI)

Thanks

 

[Zerodha]

Zerodha,

The latest version of NOW (1.5.11.2 available on your website), after installation,
shows one extra menu item - Nest Plus*

Can you please tell something about this feature?

We will start demo on this for all of you very soon... Very interesting feature that you guys might like...

 

[Zerodha]

If I sell the Dec 5000 call tomorrow and buy the Jan 5000 call, does the reduced margin show immediately or does it show after 1 day?

For calendar spreads margin benefit is given immediately... Margin is blocked only on the short option and you don't have to put in any premium for the buy side...

So for eg, if margin required to sell 5000 call for overnight is 25k, for buying 5000 call you probably require around 10k... if you take both position simultaneously, you would need only 25k...

Hope it clarifies...

 

[Zerodha]

Hi Sachin (Zerodha)

I did not find any way out if one has to put a Stoploss for his Options. Please explain the method.

It is OK in the beginning as you have several things to look for with regard to Equity & Currency as well as Commodities, but bro, you will yourself admit that it will be much troublesome for the Traders to cope with it. Do you have any solution to it in your mind? I still think that developing some particular software would be a far better idea which can allow both the NSE & Commodities segments in one single platform. The SECOND IDEA is, if NSE allows Zerodha, then you can also include Commodities in NOW because under SURVEILLANCE>RMS LIMITS>VIEW LIMITS (or Ctrl+Shift+V), Commodities IS AVAILABLE in Segment DropBox Menu. So I think there would be a possibility that NOW can show the Commodities as well as can ALSO ALLOW the traders to trade Commodities using NOW. But you know about it much better than me.

If NOW is going to be used both for NSE & Commodities, then there should be no problem for fund-switch between both segments BUT IF NOT, then would you consider letting us know about the "Fix" you mentioned above.

Waiting to hear from you

Cheers

shekhar

P.S. : I have one more question. As explained several times, we all know that Zerodha charges Rs 20 per executed trade. BUT PLZ EXPLAIN IT A BIT MORE. Suppose one has ordered to buy 10000 shares of Reliance (single order) at XYZ price, but the order actually executed in parts, suppose 2500+1000+1500+2000+3000=10000 shares, so these are 5 EXECUTED TRADES or only One trade. If these are 5 Executed Trades, then the trader has to pay a brokerage of 100 Rupees+Taxes, while if One Trade, then the trader has to pay only 20 Rupees brokerage as per the advertisement. PLEASE EXPLAIN WHICH ONE IS TRUE HERE.

Putting a stop loss for options is exactly the same way you put for equity or futures...

If you have bought 1 lot 5000 call... To put stop loss, click on 5000 call and choose sell... in the sell order, you see a drop down limit, market, SL, SL-M... choose SL-M and mention the trigger price where you want your order to be stopped out... and voila you are all set... Shekar,if you are finding it confusing, send an email to [email protected] ... will call you and take you through the process...

How I wish we could have MCX on NOW.. ... But NSE letting MCX on their platform, doesn't look like possible in the near future....

We charge you Rs 20/ executed order and not executed trade.. WHen you place order to buy 10000 of reliance, and even if it is executed in 100 trades, you placed only 1 order, hence you will be charged only Rs 20... Even to the extent, if you place your order and it gets partially executed and you modify the remaining to a different price!! when you modify an order, the order number doesn't change in the exchange and hence you are not charged anything extra... So even if you place 1 order and you keep modifying it and it keeps getting executed at different prices, you still pay only Rs 20...