Comment on Online pledging of stocks for trading F&O

Dear Nithin
My user id: DT0234

I have 1500 GAIL shares. I also have 3lac worth of liquid bees pledged.
I want to use the proceeds from the pledge to sell GAIL options. (covered call strategy)

I have kept nearly 50K in trading a/c for the MTM.

1. I’m noticing that q.zerodha.com is showing equity cash balance of -28K. Not sure why this is so ? Not able to get satisfactory answer from support.
2. Pledged amount can be totally used as for selling GAIL options (initial margin + exposure margin). Is this correct?

thanks
Tarak

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