Comment on Policy on settlement of compulsory delivery derivative contracts

Hi Faisal,

Unfortunately few of my positions was squared off by RMS just now. I called the support team and requested to look into my concern of deep OTM position. There is a 30+ % difference for my calls and there is high chance that it will not turn into ITM with just only 2 trading days left. The position is safe as per SEBI circular upside difference of 17.74% for risk free. The position will become worthless in couple of trading days where as it got auto square off @ .50 & 0.65 which is very disheartening. Lucky that there was sell order at least in this price if not i would have incurred loss in this trade which has atleast 90% probability that it will be zero on Thursday.

Having said that I understand this may be a new scenario and it would be great if we could implement with a rule of 20+% difference for the respective Call/Put to not to make the position come under Zerodha RMS team monitor which will not affect any traders like me in the future.

Thanks in Advance,
Guna

View the full comment thread »