Zerodha....

[LivetoTrade]

Are you referring to the following contest rule?

5. Option premium received for writing (selling) will not be considered as a credit.

I think what it means is - The premium that one receives from selling option on the final date will not be considered for total profitability. But if you say options buying and selling is not considered for the challenge, you are mistaken.

I hope Zerodha/Sachin answers my question to clear all the doubts.

Zerodha have not mentioned about buying/selling Options. Buying, or Selling something bought does not include premium.

But they say, premium received by 'writing' options, which to me surely means shorting options positionally/ as a strategy. - should be applicable for any date within the challenge period.

 

[TheDreamer]

Zerodha have not mentioned about buying/selling Options. Buying, or Selling something bought does not include premium.

But they say, premium received by 'writing' options, which to me surely means shorting options positionally/ as a strategy. - should be applicable for any date within the challenge period.

LTR,

Please leave it to Zerodha to clarify my points. BTW, ST-da's thanks to my above post is confirmation enough to think that my understanding is correct.

 

[ksp191]

TO ZERODHA,
Please tell me the expected launch date of ncdex commodities?

 

[murthyavr]

TO ZERODHA,
Please tell me the expected launch date of ncdex commodities?

People were tired of guessing the starting date, and there have been no rumours
also around.. :lol:

BTW, it's not ncdex, but mcx.

 

[ksp191]

People were tired of guessing the starting date, and there have been no rumours
also around.. :lol:

BTW, it's not ncdex, but mcx.

I only asked about ncdex as It deals in agri commodities.

 

[GTji]

The details have been here in this thread, you have to look through the pages
patiently.

Or, if you are a client of Zerodha, they have already sent a mail to you - pl check
your mailbox.

Alternatively, you can go through this thread of kiranjakka..

Thanks for Kiranjakka thread link.

 

[soft_trader]

I only asked about ncdex as It deals in agri commodities.

Aarey bhai, Let MCX come first. NCDEX toh dur ki baat hai. :annoyed:

 

[ksp191]

Aarey bhai, Let MCX come first. NCDEX toh dur ki baat hai. :annoyed:

My question is how much dur hi(time)?

 

[coolcorner78]

Aarey bhai, Let MCX come first. NCDEX toh dur ki baat hai. :annoyed:

True. Even MCX got listed today on exchanges. Zerodha mein kab aayega?!!

 

[Zerodha]

The 60 day trading challenge details for everyone, just to clear out any confusion..

1. It is 60 trading days and not 60 days... So a week has 7 days, but only 5 trading days... So 60 trading days would be 12 weeks...

2. You can definitely write options, do any kind of f&o strategy that you wish to... On the first day, if you had received any preimum by writing options, it won't be considered as your capital... During the 60 day period, option premium received is not a realized profit and won't be considered for your profitability...

So for eg on feb 14th if you had written 1 lot of nifty 5500 calls for Rs 100 and your account balance was 1lk.. On 15th it would show as 1.05 lks because of the premium received...We would consider your account balance as 1lk itself... Similarly on the last day of the challenge we won't consider the premium received...

3. For the first challenge we won't be considering any of your delivery equity positions for profitability... So basically if you sell stocks and receive funds, it won't be considered as profits, but would be considered as fresh capital you have brought in... Similarly, if you buy stocks and take delivery, we won't be considering it... There is a module we are designing for this, if it is up in the next few days, we will also bring equity delivery based trades also to the challenge.. .Otherwise you will have this from the next challenge for sure...

4. If you have 1lk on feb 15th as cash, and you transferred 1lk during the challenge.. if your account balance says anything more than 2lks on 60th day, you definitely would have won the challenge...
If you went ahead and bought stocks for 1lk and your account balance shows only 1lk at 60th day, you would not be considered as a winner(in the present setup)... We would fix this anomaly in the next few days and also consider delivery trades for challenge...

5. Also heeding to some of the emails that we have received.... Also we would be sending out certificates acknowledging the same.... I know this might be immaterial to most of you, but our view is that it will bring in a little bit of fun into the stressful business we are in....

Happy trading guys and belated wishes for HOLI....