Zerodha....
- Thread starter bharath.mang
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@ Zerodha,
within these 12 weeks or 60 trading days there are two(or three) series to expire, out of which one is already gone. I guess, the premium received should be considered as profit, provided on expiry of the traded contract the option is not exercised.
Besides, even if a trader receives the premium, he/she still has the entire margin amount blocked till expiry on overnight basis if not intraday, correct me if I'm wrong.
I guess, many would like to clear this out and feel that post expiry you can consider the premium received as profit.
within these 12 weeks or 60 trading days there are two(or three) series to expire, out of which one is already gone. I guess, the premium received should be considered as profit, provided on expiry of the traded contract the option is not exercised.
Besides, even if a trader receives the premium, he/she still has the entire margin amount blocked till expiry on overnight basis if not intraday, correct me if I'm wrong.
I guess, many would like to clear this out and feel that post expiry you can consider the premium received as profit.
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Hi Sachin
I have requested around 2 weeks back for commodity and currency form to be couriered and reply from india@ zerodha was that they have been sent to me. But when I inquired two times through mail as I have not got the forms, there were no replies. Plz post the courier docket nos to me on email.
Regards
I have requested around 2 weeks back for commodity and currency form to be couriered and reply from india@ zerodha was that they have been sent to me. But when I inquired two times through mail as I have not got the forms, there were no replies. Plz post the courier docket nos to me on email.
Regards
Can you shoot an email to [email protected], with your name and number... Will reply back with the docket number...
Hi Sudris
You wrote an option at Rs 100 and you have 50k in your account... next day your account balance shows 50 + 5 = 55000. Your account has no profit or loss.. .On day 2 the premium is at Rs 90... Now your account balance shows Rs 55000, but your capital is not 50000, it is 50500 now.... You are in profit now... Last day of the series, the option is at 0, your account still shows 55000, but all the money is yours and profit is 5000... We would consider this as a profit... But on day 2, when your account balance was 55000 and the premium was 5000, you are not profitable, because there is no realized profit on that day...
You wrote an option at Rs 100 and you have 50k in your account... next day your account balance shows 50 + 5 = 55000. Your account has no profit or loss.. .On day 2 the premium is at Rs 90... Now your account balance shows Rs 55000, but your capital is not 50000, it is 50500 now.... You are in profit now... Last day of the series, the option is at 0, your account still shows 55000, but all the money is yours and profit is 5000... We would consider this as a profit... But on day 2, when your account balance was 55000 and the premium was 5000, you are not profitable, because there is no realized profit on that day...
@ Zerodha,
exactly, it makes no difference if you consider the first day or not unless that first day of writing overlapped with the last day of the challenge. Just consider the expiry day if the position is not closed.
I don't wish to push it hard, all I'm saying is within the challenge period and post expiry those sold options have no meaning and as far as I understand it is considered as profit.
Let us not deal with day-1 and day-n to confuse all the way more. As per what I'd understand from your rules, on the 60th day close, you should be profitable. it doesn't matter if you loose 10k in 5 days and make 14k in remaining 55 trading days. the equation would be initial capital -10k + 14k = profit +4K, eligible for the brokerage refund, isn't it?
So if your challenge started on 15/2 and say I had a sufficient balance "X" to sell the below options on 16/2 on overnight basis.
on 16/2 suppose these were my trades all with single nifty lot to keep it simple:
sold 1 lot 4500PE-Feb12 @ 50 to expiry worthless on expiry 23/2
sold 1 lot 5700CE-Mar12 @ 80 to expire worthless on expiry 29/3
sold 1 lot 4200PE-Apr12 @ 120 to expire worthless on expiry 26/4
post 23/2 close, my balance capital would have been X + 50*50 = X+2500
post 29/3 close, my balance capital would be X + 2500 + 80*50 = X+6500
post 26/4 close, my balance capital would be X+6500 + 120*50 = X+12500
Now say, I also had sold 1 lot 6000CE-May12 @ 80 say, on 7/3 and let it expire. this may not get considered as May expiry is on 31st and your challenge closes somewhere before that. so all the contracts of May expiry may not get considered. OR you can consider them day-wise
Hope I'm making sense.
exactly, it makes no difference if you consider the first day or not unless that first day of writing overlapped with the last day of the challenge. Just consider the expiry day if the position is not closed.
I don't wish to push it hard, all I'm saying is within the challenge period and post expiry those sold options have no meaning and as far as I understand it is considered as profit.
Let us not deal with day-1 and day-n to confuse all the way more. As per what I'd understand from your rules, on the 60th day close, you should be profitable. it doesn't matter if you loose 10k in 5 days and make 14k in remaining 55 trading days. the equation would be initial capital -10k + 14k = profit +4K, eligible for the brokerage refund, isn't it?
So if your challenge started on 15/2 and say I had a sufficient balance "X" to sell the below options on 16/2 on overnight basis.
on 16/2 suppose these were my trades all with single nifty lot to keep it simple:
sold 1 lot 4500PE-Feb12 @ 50 to expiry worthless on expiry 23/2
sold 1 lot 5700CE-Mar12 @ 80 to expire worthless on expiry 29/3
sold 1 lot 4200PE-Apr12 @ 120 to expire worthless on expiry 26/4
post 23/2 close, my balance capital would have been X + 50*50 = X+2500
post 29/3 close, my balance capital would be X + 2500 + 80*50 = X+6500
post 26/4 close, my balance capital would be X+6500 + 120*50 = X+12500
Now say, I also had sold 1 lot 6000CE-May12 @ 80 say, on 7/3 and let it expire. this may not get considered as May expiry is on 31st and your challenge closes somewhere before that. so all the contracts of May expiry may not get considered. OR you can consider them day-wise
Hope I'm making sense.
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