Comment on On conspiracy theories about Zerodha

Konguvel P commented on 12 Aug 2020, 03:43 PM

I understand there is a stipulated range of allowed strikes for buying Nifty & BankNifty CE & PE based on OI.
1) However if I plan to trade a spread or Iron Condor using some OTM strikes out of these permitted range, will it be allowed (buying OTM CE & PE), if I do the ‘sell’ legs of the trade first?
2) If allowed, will the margins get adjusted after I complete the ‘buy’ legs?
3) If I trade such a strategy directly from Sensibull, will all the legs of the trade be executed (even if includes some buy OTM CE outside the range? Request for an early clarification.

I have raised this issue in Kite Support as well – Ticket No: #20200811930163 (no reply yet)

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