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really.
no other commodity - but he zeroed on potato.

sr
See, with physical delivery, potato chips are a very good source of nutrients. :)

But what I fail to understand is, at end of year, when his CA wants reports, he will say.

Took delivery 100 KG.
Ate making chips- 17 kg
Spoilt -13 KG
Made sabzi - 15 KG

Balance 55 KG in fridge :D
 

sr114

Well-Known Member
you know Satyam computer case was an eye opener . Did anybody ever thought that a company is surviving by its papers only without underlying real cash and also powered by its auditors.

I understand hundreds of traders doing commodity trading everyday...who cares ...you buy/sell commodity ..get money ...thats it......may be someday ......anyway.... .
Zerodha

do u have an answer of Megapixel's question.

he have raised the doubts in my mind - can this happen in MCX anyday?: lol: :lol:

Zerodha - waiting for ur reply.
 

Sunny1

Well-Known Member
you know Satyam computer case was an eye opener . Did anybody ever thought that a company is surviving by its papers only without underlying real cash and also powered by its auditors.

I understand hundreds of traders doing commodity trading everyday...who cares ...you buy/sell commodity ..get money ...thats it......may be someday ......anyway....

Well I dont know what kind of checks are done by MCX ....probably someone can tell how MCX watches this.
Nope it still is not eye opener at all. They say they did not have any money ...
My question is then how come they were paying taxes and why ?:rofl:

Who will pay 30 rs tax without earning 100 rs. ? will you ? and why?
people are not paying taxes on real income and they paid taxes on false income?

Conclusion is they siphoned off money and then said we dont have.
Dont think satyam case is eye opener without analyzing
 

jyotixxx

Well-Known Member
Hi zeodha,

writing after a long time.

please see the screenshot of icicidirect..

The advantage of this option strategy (nifty bearish strategy) is that spread Margin required is 1/3 rd of total actual required margins. As it maximum loss is approx 1500/- , so it will never get squared off due to shortage of M2M.
Now I can place 10 strategies from 1 lk. Same is for any share!!
only problems are very high brokerages.

Do u have any plan of such M2M spread benefits to options???....or already it has been implemented?
plz reply

thanx

IF U CANNOT READ SCREENSHOT PLZ DOWNLOAD THE BELOW ATTACHMENT
 

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megapixel

Well-Known Member
Nope it still is not eye opener at all. They say they did not have any money ...
My question is then how come they were paying taxes and why ?:rofl:
the company had less liquid cash than showed in book. they were not in loss. tax payment was easy. they had auditors to make it easy. only that they cooked up papers to get a position in the market.

but wrong things can not go far ....raju declared ...surrendered .....thousands of investors suffered.

anyway ... that was little off topic .... my point is how MCX watches and safeduards the investors funds and purchased non-delivery commodities ? Do they have any mechanism in place to resist malpractices ?
 
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Hi zeodha,

writing after a long time.

please see the screenshot of icicidirect..

The advantage of this option strategy (nifty bearish strategy) is that spread Margin required is 1/3 rd of total actual required margins. As it maximum loss is approx 1500/- , so it will never get squared off due to shortage of M2M.
Now I can place 10 strategies from 1 lk. Same is for any share!!
only problems are very high brokerages.

Do u have any plan of such M2M spread benefits to options???....or already it has been implemented?
plz reply

thanx

IF U CANNOT READ SCREENSHOT PLZ DOWNLOAD THE BELOW ATTACHMENT
Hello Jyotixxx, please use an external service like www.tinypic.com or www.imgur.com to upload your images, otherwise you will run out of attachment space soon.

See my signature below for instructions on how to upload images.
.
 
The bill would be the amc for your demat account. This would be Rs 400 for 1 yr.. So the next bill should be only after a year...

Can you send an email to [email protected], we will mail you the account info for you to transfer this amount..
Sachin / Zerodha

Thanks for your help bro & sorry for a little late response.

I have mailed you just few minutes ago, please look into it.

shekharz
 

Zerodha

Well-Known Member
So, tell us about how it will be after everything is on one platform. Which login will we need - the one we use for NSE/NFO/CDS or the one for MCX ?? I don't have an commodities account with you as yet. Will I need to open a separate account even if everything is on one platform ??

I guess you are timing for your 2nd birthday, aren't you ? It's not far away :)
The commodity login would become your main login id.. You would not require that -13906 anymore.. it would just be DS0001.. Same login id for frontend and backoffice...
 
Hi Binni,

Firstly margin required to write options work completely different to buying.. .When you buy an option, the risk is limited to the premium you pay. So to buy an option Rs 60 you need only Rs 3000, but to sell the same option which has unlimited risk you need a margin as prescribed by the exchange.. This would be around Rs 20000 for every lot.. So to write 17 lots, you would need around Rs 3.4lks ..

So if you want to pledge your nifty bees to write these 17lots, you would need 30% of Rs 3.4lks as cash which is around Rs 1lk.. the rest can be used from your nifty bees kept as collateral...

As far as the marked to market is considered, it has to be brought in on a daily basis, but because we have collected some funds for mtm we will give you sometime...
Hi there i would like to say binni you are loosing money here not saving
ask any one from the forum and they will let you know whether you gain or loose money trading with zerodha :rofl:

May be if and when they have online margin faciltiy which i asked them 1000 times you could trade with them

And this 30 % nonsense cash margin is not asked they want to collect there 20 RE but on the margin issue they are not ready to make it like regular broker inspite of 10 - 15 members asking them for margins they have done nothing

ALSO YOU WILL GO MAD IF YOU HAVE TO MANUALLY PLEDGE AND UNPLEDGE
YOUR SHARES ALL THE TIME


Other then margin issue if you need any help in wrting calls please let me know i do this for a living may be i can help u
 
The commodity login would become your main login id.. You would not require that -13906 anymore.. it would just be DS0001.. Same login id for frontend and backoffice...
So, opening a commodity account is a must :( .. abhi free milega kya ?
 
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