Hi,
I have stocks worth 6 Lakh in 3 blue chip stocks in my zerodha account. Now I want to pledge this stocks by transferring it to my Dhan account. However I have never done trading using margin.
I have following queries
If I pledge all my 3 stocks worth 6 Lakh and if I have to do 3 lots of Bank Nofty Option Selling than how much cash I should have apart from the pledge amount can someone please quantify. If any amount balance I want to do option buying
My stocks are Bajaj Finance, HDFC Bank and Titan and all are worth approx 2 lakh each
Request to pls guide me step by step With an example
For intraday equity or option buying, there is no requirement of 50-50 margins. However in case of intraday futures or option selling, 50-50 margins will be required.
Are you sure about intraday futures and option selling needing 50-50?
I have been selling options and trading in futures intraday on Zerodha with 75-80% margin. May be I am missing something here?
Tried option selling on Dhan too with less than 50% cash. Will take up option selling more regularly here after API is properly integrated with my own ordering system.
Yes, @swatijain . You must maintain 50:50 margin on intraday option sell span and exposure both. You will be able to do it but will get charged interest incase you are not maintaining the required margins.
But interest will be charged only if I carry the position overnight right? If I’m closing positions in intraday then no interest is charged and essentially I’m able to trade with less than 50% cash?
