Comment on Option Strategy - Zerodha Trader

Nithin Kamath commented on 26 Feb 2013, 07:57 AM

Arcus,

Margin required for only writing 12200put per lot is Rs 22581. If you buy the 12300 put, because you are hedging the position, the margin required drops to Rs 15900/lot for both positions together. For taking 3 such positions, you will need 45k in your account..

The way you have calculated margin requirements is wrong, that is why we have introduced http://www.zerodha.com/z-connect/blog/view/span-calculator, SPAN calculator where you can mention your trade and it will automatically let you know the NSE stipulated margin requirements..

Hope this helps,
Cheers,

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