I am planning to shift from Zerodha to Dhan, but I’ve encountered a surprising issue: Dhan isn’t allowing me to sell far OTM stock options. Can someone clarify what went wrong?
@Naman Could you please explain what allows Zerodha to accept this type of order and Dhan not? I have been doing this with Zerodha for over half a decade now and have taken multiple deliveries as well. I would also like to know what the charges would be if OTM stock options become ITM and delivery happens automatically by the system.
@PravinJ @Mohseen_Usmani Do you have any idea?
Hi @Divaksh,
You can place a Normal (Delivery) order for all contracts. However, for Intraday trading, only contracts with a duration of 45 days or less are permitted. For more details, we request you to refer to the Table 1: Derivative contracts allowed for trading in our risk policy under the Products section.
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Hi @thisisbanerjee, We hope this helps clarify your query as well.
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Sounds good, it took a week to figure this out. There is no tooltip or documented help regarding this. Thanks for the clarification. I was able to take position today.
I am still unable to place the orders because Dhan is blocking certain types of orders, while other brokers are allowing them. Here is a detailed, annotated screenshot.
Let me know what types of orders are not allowed in Dhan. It is important to know this before completely shifting to Dhan.
Hi @Divaksh
Please note that certain F&O contracts are restricted as per our Risk Policy to prevent price manipulation and ensure client protection.
For any contract to be available for trading:
- It must have a minimum open interest of 10 lots
- The expiry should be within 18 months from the current date
You can read our full Risk Policy here.
Feel free to connect to our customer support team for faster resolution to your queries.