Comment on Zerodha F&O margin Calculator

Nithin Kamath commented on 08 Dec 2013, 12:44 PM

Hey Mayuresh,

1. Yes, out of 30,000, 13892 gets blocked for your long GBP position and the rest which is 13752 is free balance.

2. You have forgotten to mention which strike price of GBP Calls feb contract you are shorting, But anyways:

If we let you a hold a position overnight, with money lesser than the SPAN requirement (7568 in your example), the exchange penalizes you for this. Our RMS team would typically square this position off atleast 30 to 40% above this minimum margin requirement (there is no set rule for this, it depends on market volatility). So if SPAN required is 7568, around Rs 11000(when your account balance comes down from 30000 to 11000) is probably when our RMS team will start reducing your position. But that said, we understand such completely hedged positions, and are pretty lenient with it.

Yes the margins applicable are for overnight positions.

Hope this helps,

Cheers,

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