Comment on STT Trap - Options Expiry - NSE BSE MCX-SX

Darshan_S commented on 26 Jan 2015, 12:12 AM

Hello Nithin,
Recently I observed once, Zerodha network(server) going doing down while I was trading at the day end.. Usually on expiry day/hour I trade heavily ranging from thousands to lakhs in Nifty quantity. Assume I bought Nifty 8300pe, 100,000 quantity at 0.1 Rs in last 30 minutes and Zerodha server goes down and I could not able to square off and Nifty ended at 8299.. In this scenarios I will be in loss of
(8300 * 100000 * 0.00125) – (1 * 100000) = 937,500 Rs.. Its huge.
So, how you going to handle this instance? As it is not a mistake from my side!!

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