Zerodha F&O margin Calculator

November 12, 2013

Traders,

Zerodha F&O margin Calculator part of our initiative “Zerodha Margins”  is the first online tool in India that let’s you calculate comprehensive margin requirements for option writing/shorting, futures and multi-leg F&O strategies when trading equity, F&O, Currency and Commodity on NSE and MCX respectively.

The calculator will ensure that you never have the following queries again

  • Margin benefit you get for taking calendar spreads (taking opposite positions on different expiry of the same contract)
  • Option writing margins
  • Margin benefit for various multi-leg option strategies like iron condors, straddles, strangles and more

The following post explains various ways in which F&O margin calculator can be used,

For Future Margin Requirements

See the example below for Nifty November futures margin requirement.

Total Margin = Span/initial + Exposure

Total Margin is the margin required to hold the position overnight or also called NRML margin at Zerodha. If you use the product type as MIS instead of NRML while placing an order you will get additional leverage only for intraday trades. Read our Margin Policy for more.

For Calendar Spreads

Calendar spread is a spread trade involving the simultaneous purchase of futures or options expiring a particular date and sale of the same instrument expiring another date or vice versa. Since the position is completely hedged there is a margin benefit for the combined position, as shown in the example below for a calendar spread between Nifty Nov and Nifty Dec futures.

Total Margin = Span/initial + Exposure – Spread Benefit(If any)

Total Margin is the margin required to hold the position overnight also called NRML margin at Zerodha. If you use the product type as MIS instead of NRML while placing an order you will get additional leverage only for intraday trades. Read our Margin Policy for more.

For Option Writing/Shorting Margin Requirement

When you write options the margin required varies based on the underlying, volatility, expiry and more. Until now there was no other online tool that could tell you the margins required before taking a trade, very important for an active option trader.

The example below shows the margin required for shorting 1 lot of Nifty 6000 Dec Calls. Do note that you need to click on Sell after entering the net quantity if you want to see the option writing margin requirement.

Total Margin = Span/initial margin + Exposure margi

Total Margin is the margin required to hold the position overnight also called NRML margin at Zerodha. If you use the product type as MIS instead of NRML while placing an order you will get additional leverage only for intraday trades. Read our Margin Policy for more.

Premium Receivable?

When you write/short options the premium that you receive gets credited to your trading account immediately after taking a trade. Zerodha F&O margin calculator accounts for this premium received based on closing price of premium from the previous day.

So in the example below, the margin required to write/short 1 lot of Nifty 6000 calls is Rs 31,625, but as soon as you take this position Rs 13,370 is credited to your trading account effectively blocking only around Rs 18,300 for this position. It works the same way for both equity and currency options.

For Multi-Leg F&O Strategies Margin Requirement

There are many popular multi-leg f&o strategies like Straddles, Strangles, Iron Condors, Butterfly, Bull Call Spreads, Covered Calls, and more which would involve taking more than 2 positions at a time.  The margin required for such a combined position could be less than sum of individual margin requirements if the positions hedge each other, like in the calendar spread example above.

Knowing the margin requirement upfront for such a position is very important to better plan the trade. See the example below for calculating the margin requirement for an Iron Condor Strategy on Nifty

Iron Condor involves 4 legs  and is a limited risk non-directional option strategy designed for high probability of earning a small profit when you perceive low volatility.

Nifty is presently at 6100

  • Sell 1 OTM Put – Short 1 lot of 6000 PE in the example
  • Buy 1 OTM Put (Lower Strike) – Buy 1 lot of 5900 PE
  • Sell 1 OTM Call – Short 1 lot 6200 CE
  • Buy 1 OTM Call (Higher Strike) – Buy 1 lot 6300 CE

As you can see below the Zerodha F&O margin calculator will show the margin required and the benefit for entering this strategy in a jiffy.

Total Margin = Span/initial + Exposure – Spread Benefit (If any)

Total Margin is the margin required to hold the position overnight also called NRML margin at Zerodha. If you use the product type as MIS instead of NRML while placing an order you will get additional leverage only for intraday trades. Read our Margin Policy for more.

 

Disclaimer: Zerodha Margin Policy can change any point of time based on risk and market volatility.

 

Hoping all of you like this tool,

Happy Trading,

 

Founder & CEO @ Zerodha

Post a comment




1,003 comments
  1. Manmath says:

    I had bought a Call option of GodrejProp 2300 CE for 1 lot of 475 qties. After a week of holding, i got a warning message to square off for not meeting margin requirements. Why do i need to maintain balance while buying a call option?

    • Shruthi says:

      Hi Manmath, if you’re holding a long ITM stock options position, there is an increased margin requirement for as the exchange blocks physical delivery margins from expiry minus 4 days. More here.

  2. KHARDUSHAN KUMAR says:

    Team,

    In my f&o profit showing till 1Feb for PNB 4000 rs but 2nd Feb I Book loss rs 8800 in same trade but now showing loss -9600 rs yet it should be rs -4800 only

  3. jignesh patel says:

    margin not calculated

  4. dayanand says:

    how to trade future and option simultaneously
    e.g Nifty JUL FUTURE BUY and Nifty 19800 PE BUY

  5. N S V IYENGAR says:

    IT WAS OBSERBED THAT SOME OPTION ORDERS ARE REJECTED BY ZERODHA DUE TO NOT ACCEPTABLE STRIKE PRICES AS PER SEBI RULE. WHERE TO FIND THESE ACCEPTABLE LIMITES FOR BANKNIFTY & NIFTY INDICES.

    • Shubham says:

      Hi, if the option you’re trying to buy is outside the allowed range, we show a Nudge with information about the allowed range. You can also check the allowed strikes here.

  6. jignesh patel says:

    icannot calculate margin calculation
    result shows “NAN
    PLEASE RESOLVE AS SOON AS POSSIBLE

    Reply

    • Shubham says:

      Hi Jignesh, the margin calculator is working fine. Could you please do a hard refresh (Ctrl+Shift+R) and check?

  7. sandhya Subbaraman says:

    While selling ur not giving full settlement as per the rate and more over ur charging 15.93 on sales. Pls clarify

    • Shubham says:

      Hi Sandhya, as per SEBI’s peak margin norms, 80% of credit from selling your holdings will be available for new trades. The remaining 20% credit will be blocked under the delivery margin field on Kite until the next trading day. Explained here.

  8. ragnaar says:

    @zerodhateam margin calcutor is not working when i put my strike price and press add button then calculator showing NAN NAN NAN why is not working please check this

  9. jignesh patel says:

    i m not getting margin calculation
    result shows “NAN
    PLEASE RESOLVE AS SOON AS POSSIBLE

    Reply

    • Shubham says:

      We’re working on it, Jignesh, and are sorry for the inconvenience. For now, please use the Basket orders feature on Kite for checking the margin requirements. You can learn more on basket orders here.

  10. jignesh patel says:

    i m not getting margin calculation
    result shows “NAH

    • Shubham says:

      Hi Jignesh, we’re having this checked. For now, please use the Basket orders feature on Kite for checking the margin requirements. You can learn more on basket orders here.

  11. Pankaj says:

    The margin calculator has stopped working? Please do check.

    • Shubham says:

      Hi Pankaj, we’re sorry for the inconvenience. The margin calculator is working fine now. Could you please retry and check?

      • Vivek says:

        I have encountered the problem countless number of times. The calculator simply keeps on showing NaN no matter what you do.
        I tried
        1. Press reset button
        2. Restart browser
        3. Clear cookies
        4. Use different browser
        Nothing works. When I try it again next time (at least a day after) I found it working.
        I have found it highly unreliable …. it won’t work when you need it…. even in live market hours.
        I have seen the same question many times on this forum and Tradding QnA. over a period of 3-4 years. Everytime there is one answer: “Now it is working. Please try again.”

        • Vivek says:

          I can’t believe Zerodha could not fix it once for all in last 3-4 years even when it was reported multiple times.

  12. DARSHANA PIMPUTKAR says:

    HI
    MY QUERY IS REGARDING WEEKLY OPTION MARGIN CALCULATOR.
    IS IT POSSIBLE TO USE WEEKLY OPTION OF NFO AND CDS.
    PLEASE HELP
    WAITING FOR YOUR RESPONSE.
    THANKING YOU

  13. Aniket says:

    Hi, I am using the margin calculator for options on crudeoil (MCX). I have observed few issues
    1 – The Symbol it shows are of underlying futures and not options
    2 – Sometimes when I add multiple sell position it shows unreasonable margin benefit. I am not sure if that’s a bug or not. For example
    Span Rs. 4,27,846
    Exposure margin Rs. 17,039
    Premium receivable ? Rs. 26,070
    Total margin ? Rs. 4,44,885
    Margin benefit Rs. 31,70,831

  14. vishnu Dasharathe says:

    I have a position in canara bank future .A margin is also deposited.Now if I want to sqare off the position they are asking the margin again.It means I have to pay margin for buying and selling separately.It means double margin?

    • Shubham says:

      Hi Vishnu, you don’t need any margins to square-off the existing position. Please check whether you’ve any pending orders. If you have a pending order, new order placed will be considered a new position and you’ll need margin. You can modify the pending order or cancel and place a new one.

  15. Gaurang says:

    The span calculator for 20 oct 2022 is not showing the premium receivable correctly. The premium amount is showing almost double if we sell options.
    For example
    1 lot (250) of 2400 call for deepak nitrite for oct series is trading at 7.5.
    The premium receivable should be in range of 1700 to 1800. Zerodha is showing as 3075.

  16. Vasudeva Rao says:

    Why are weekly option premiums not showing up? Only monthly expires are shown for indicies.

  17. Sudarshan Arora says:

    What is Peak Margin,
    What is the Peak Margin Rate

  18. abhijit says:

    how much margin we required if we sell both call and put of the same expiry at same time? e.g. today is 22/09/2022 and @3:15 market is running at 17625 and I want to sell one lot of each 18000 ce and 17250 pe of the expiry 29/09/2022…

  19. Deepak says:

    How it is getting margin benefit with selling call option

    and Buying put option

    eg: maruti 9400 call sell 400 , and buy 9200 put 500= getting margin benefit 4500.

    How it is getting benefit while it is not a hedge position

  20. Roshan says:

    Why i can’t buy and sell future of same expiry at the same time??

  21. Raj says:

    Why is this calculator not working for “LEAPS” (Long-Term Equity Anticipation Securities)?

    It’s almost as if these are very guarded secrets of the Indian stocks ecosystem and if someone wants to explore it, it will be a long, lonely journey!!!
    They are instruments we can trade in – right? Why no support for their calculations?

    • Shubham says:

      Hey Raj, thanks for the feedback, we’ll look into the possibilities of adding LEAPS to the margin calculator. Btw, you can check margin requirements using the Basket Orders feature on Kite.

  22. Ravi says:

    Hi there , I need Zerodha’s policy on Margin rules for Long stock option contracts. NSE re-introduced D-N-E facility for Long stock option contracts w.e.f. 11apr22. So its now NOT compulsory for stock option buyers to take/give physical delivery of shares on contract expiry. Does Zerodha presently charge “Delivery risk” margins on Long stock option contracts during the last week of expiry ? My broker does so. Please clarify. thanks and regards, Ravi

  23. s poobathi raj says:

    how to calculate margin for weekly expiry options

  24. Satinder Paul says:

    Hi
    Weekly Expires of NFO is not included in calculator, please include that too, i know there are many queries regarding this . also today i was checking MCX margin i think latest files are not updated and in case of crudeoil option and future expiry are different but it is showing same any difference in this. For example Option 15-06-2022 and future 17-06-2022

    • Shubham says:

      Hey Satinder, thanks for the feedback. We’ll look into the possibilities of making weekly strikes available. For now, you can also use Basket Order to calculate the margin requirements, here’s how. For the second query, could you please create a ticket at support.zerodha.com with more details, so that our team can check and assist?

  25. DEVASHISH DEY says:

    Why doesn’t the Margin calculator show weekly expiries of NF & BNF? It only shows Monthly expiries.

  26. Gaurav says:

    bandhanbank feb future contract price scan range is 81 points hence max loss in 16 scanning range risk array comes out to be 91000 ruppees for selling 1 lot of bandhanbank feb future contract so how its span margin is showing 1,17,000.
    please help me out in this

  27. kishan says:

    hiii for straddles can we place target & stop loss for entire basket
    eg 18100 ce at 100
    18100 pe at 110
    so total 210 paid
    target is 250
    sl 150
    can we place in such a way in basket order

  28. Ishan P says:

    I’m trying to compute margin for a combined positions (2 positions). Here, the exposure margin for each single position is around 30k INR, but for the combined portfolio it is showing the total exposure margin as ~11k. Could you please clarify on how exactly is this calculation done?

    The positions I’m calculating on:
    1. AARTIIND22JAN 850 Sell
    2. AARTIIND24FEB 850 Buy

    • Ishan P says:

      These positions are for futures

    • Shubham says:

      Hey Ishan, in F&O the margin is calculated on portfolio level. If you have two positions like Long Futures and Short Futures, here your risk is limited compared to having only a long or short position. So you get margin benefit, reducing your overall margin requirements. You can learn more about this here.

      If you have any general trading related queries, you can post them on TradingQnA.

  29. Shrikanth N says:

    weekly options are not available in margin calculator. i will request you to guide me about this…

    • Shubham says:

      Hey Shrikanth, weekly strikes aren’t currently available on Margin Calculator, we’ll explore the possibilities of making them available 🙂 You can also use Basket Order feature to calculate the margin requirements. More on basket orders here.

  30. Ajit Kumar says:

    Calculator does not show Nifty weekly options in the dropdown. Only monthly Nifty options are shown. Please add Nifty weekly options as well for calculation.

    • Shubham says:

      Hey Ajit, we’ll look into the possibilities. Thanks for the feedback. Also, do check out the Basket Order feature on Kite, you can easily calculate the margin requirement using this. More on basket orders here.

  31. Sudarsan says:

    I am trying to calculate margin for PUT Sell and BUy, it says contract already added
    1. first add 17200 PUT Buy
    2. then try to add same strike Sell

    it says contract already added, seems something wrong.

  32. Ashish says:

    The uptime of the margin calculator page needs to be same as Kite platform, atleast during trading hours. Currently this is down much more often than Kite (like now) and taking a trade becomes a bit of guess work wrt margins. Ideally, this calculator should be in the Kite platform itself in some form but even if not, pls monitor uptime of this tool and get it close to 100%.

  33. Namit says:

    Why doesn’t it calculate margins for Nifty and Bank Nifty’s weekly options.

    • Shubham says:

      Hey Namit, we’ll look into the possibilities of adding Weekly Options to the calculator. However, you can easily calculate the margin requirement using the basket order feature. More on this here.

  34. SHRIDHAR says:

    SIR, I WANY WEEKLY BANK NIFTY CALCULATOR.

  35. siddharth kasma says:

    If i buy stock option between last friday before monthly expiry and squared off the same before the monthly expiry (last thrusday), will there be any extra delivery margin that will be levied or i just have to pay option premium as usual.

  36. Tarang says:

    What is formula to calculate Option strategy margin…I understand Exposure Margin is fixed but how do you derive Span Margin for 3 leg strategy i.e. 1 option buy and 2 option sell of the same underlying and same expiry

  37. paresh says:

    not showing option margin

  38. Anish says:

    Can I get a list of stocks where the margin required for FnO buying is less than Rs 50K

  39. Anupam Garg says:

    Please provide margin calculator for weekly options also.

    Also, Zerodha displays OI limit error even if I am buying hedge positions against existing short option positions. Please resolve this problem

  40. Nimal Mathew says:

    I cant find the weekly expiry date in the margin calculator.

  41. rajendra mudliar says:

    sir,
    your zerodha margin calculator does not display the margin requirement many times. today I wanted to know the margin requirement of JSW Steel sep 800 CE for sell. there was no display. It does show sometimes for other option trades.wonder what went wrong. pl advise.

  42. Pankaj Bharali says:

    Hi Nitin,
    Today I tried the following set up to execute through basket (market price) order.
    1 Lot BUY Nifty 16350 Aug CE at 126.60
    1 Lot Sell Nifty Fut Aug at 16315.15
    1 Lot Sell Nifty 16400 Aug PE at 195.10
    In the basket order window the margin required shown as 51000/- and Final Margin as 42000/- ( Approx) and my available margin was approx 92000/-. But my 1st two legs got executed and the 3rd leg rejected due to margin shortfall. Zerodha brokerage calculator also shows almost same margin requirement as the basket order window. Please help to overcome this problem.

  43. rajesh says:

    Hi,
    I am doing options trading on zerodha. I sold 4 lots of bajajfinserve16000 strike call option (expiry 26 aug 2021) and zerodha is showing margin used as 884306.29 lac and now total available margin in my account is 2,60,630.81. Now suppose I don’t carry out any further trade till expiry then this margin of 8,84,306.29 will be enough to hold the position? Or the margin will reduce when the trade will go against me? This is because I am seeing my margin going negative on zerodha (on > funds page) as the option trade go against me (when price of bajajfinserve goes higher). Is there still chance of getting margin penalty even if I don’t carry out any other trade before expiry? I am not sure why zerodha is showing negative maring sometimes when the price of bajajfinserve goes higher. I have already paid margin then why zerodha showing negative margin sometimes though I never carried out any other further trade. Plz clarifiy this.

  44. Gulshan Bhatia says:

    How will I get the margen money blocked by system in option selling , margin calculator is not showing benefits of hedging .

  45. JIGNESH GHETIYA says:

    if nifty future at 15850,i sell 1 lot at limit 15900 & buy 1 lot at limit 15800 ,ordered at same time for intraday position (MIS) ,,how much margin require ?

  46. Dipen says:

    I was buy options of Bank Nifty Jul 35200 CE 35 quantity on Rs. 59 Premium and when i was selling such options that time my order not exected due to insufficient margin. Actually I was selling such options on Rs. 65, and you are asking Rs. 1,14,000 approx maintain margin.
    I did not understand this margin calculation.

  47. VIKAS says:

    ON 19 JULY21,I ORDERED JULY 2215700CE LIMIT PRICE 60 . RS 4500 MARGIN WAS DEDUCTED . HOWEVER, WHEN I CANCELLED THAT ORDER MY MARGIN MONEY IS NOT CREDITED BACK TO MY ACCOUNT.

  48. Umash says:

    I need a position wise margin report. I currently manually feed in each position in the calculator. Why can’t you create a simple report that we can access in the Console?

  49. Shreyansh says:

    Hi,
    This does not seem to work for NSE_CDS options, and also could not find symbols for weekly options and futures

  50. balbir rana says:

    As per Zerodha Margin calculator In a multileg position eg Sell NIFTY JUL 16200 CE, SELL NIFTY JULY 16200PE, BUY NIFTY AUG 16200 PE Following margins are indicated.
    1Span Margin 68681
    2EXPOSURE 31637
    3 Total Margin 100318
    MARGIN BENEFIT 95621
    In Zerodha we have first to place these orders one by one ,requiring full margin. . Does it mean margin benefit available, is post placing the orders. Or is there any sequence or method through which all these orders can be placed simultaneously having funds equal to or slightly more than the margin requirement worked out by Zerodha calculator . Further more there are some limitation on trading in some strikes in next monthNRML , if one takes position on that strike ,is the margin benefit disallowed in that case

  51. gopinath says:

    for a particular trade your calculator show somewhere around 50,000/- but when the trade was executed its asking for 2,80,000/- margin.
    huge difference. company like zerodha should be transparent.

    • Matti says:

      Hey Gopi, can you please share more details? This could be because you have other positions that increase the margin requirement, since margins are calculated for the entire portfolio and not a single order.

  52. Maninder singh says:

    Margin Calculator not working for Nifty/Bank Nifty Options. It shows NaN.

  53. Asmit Anandrao Gajbhiye says:

    Margin Calculator not working

  54. Mithilesh Sridhar says:

    The margin calculator for writing CDS options are not working. Getting Nan. Am I missing something ?

  55. ASHISH KUMAR MAURYA says:

    Dear Sir,
    Zerodha margin calculator provides only monthly options in the list. What if I want to hedge any futures contract with weekly options and know beforehand margin requirement. The margin benefit is available for such a scenario as I use this strategy , but how to know beforehand??

  56. Tony Tom says:

    Hi Team,

    While trying to calculate margins for NIFTY, Bank NIFTY expiry is only available on the basis of monthly and not weekly.
    Please suggest a way out/solution for the same.

  57. Kannan S says:

    Hi, seems the calculator is not working… it is just showing NaaN for all cases and not updating

  58. dev says:

    if i sell bank nifty option CE and PE , of same strike say 37000 CE AND PE than why margin required is above 350000 risk is only one side so margin must be for one leg around 175000

  59. jijo joseph says:

    this calculator need to show the margin for the intraday future trades
    it will only shows the cash and carry values

  60. Prdnya says:

    Do we have cross margin facility at Zerodha at different segments? Lets say I have 300 shares of HUL in my demat and I want to sell 1 lot of Call. Can I provide shares for margin?

  61. RAKESH says:

    why there is difference in margin for options trading calculated here and while doing trade ? for example :
    Sell 4 OTM CALL– Short 4 lot of 31300 BANK NIFTY
    Buy 4 OTM CALL (Lower Strike) – Buy 4 lot of 31200 BANK NIFTY
    As per your calculator the margin required is
    Span Rs. 0
    Exposure margin Rs. 62,397
    Total margin ? Rs. 62,397
    Margin benefit Rs. 5,30,711
    But in actual margin required for above both trade is more than 90,000/- instead of 62397/- . Why there is such difference ? does total premium amount for buying 4 OTM CALL (Lower Strike) 31200 BANK NIFTY is not included in the above margin of 62397?

  62. pradip patel says:

    Why am I not able to calculate the weekly expiry margin. The dropdown box shows only Nifty Monthly expiry but not the weekly expiry. E.g., it shows 28th Jan but not 7th Jan, 14th Jan & 21st Jan Expiry.

    • Matti says:

      You can see the margin on the order window itself, Pradip. In you want to use the margin calculator, you can use te monthly contract margin for the weekly contracts. They are similar.

  63. Aditya Jain says:

    Why am I not able to calculate the weekly expiry margin. The dropdown box shows only Nifty Monthly expiry but not the weekly expiry. E.g., it shows 28th Jan but not 7th Jan, 14th Jan & 21st Jan Expiry.

  64. Venkat says:

    Why am I not able to calculate the weekly expiry margin. The dropdown box shows only Nifty Monthly expiry but not the weekly expiry. E.g., it shows 28th Jan but not 8th Jan and 15th Jan Expiry.

  65. Rahul says:

    Where can I find margin required for selling quarterly or semiannual nifty options?

  66. shashi kumar says:

    Is the SPAN margin calculator working ? I think it is showing wrong margins. When I try to place orders, the margin is different.

  67. Ashish says:

    Hi
    i am not able to add weekly expiry strikes for Nifty and Banknifty to calculate the margin. Pl help

  68. avinash says:

    Hi sir,
    I want to know what is maximum margin requìrment for nifty fut 1 lot at sep 2021 for co cover order if nifty is @13200 and stop loss is 30 points.. please answer in exact figure thanku sir

    • Matti says:

      Hey Avinash, no way to predict the exact value since it depends on the value of Nifty at the time and the volatility, etc. What I can tell you is you’ll need full SPAN+exposure margin.

  69. Atmiya says:

    In Margin Calculator for F&O, Total Margin calculating is for Intraday or its for carrying overnights till Expiry?
    Also if i want to use simple spread strategy – one buy & one sell, first i have to buy or sell?
    Will the Total Margin reflecting in Calculator is accurate at the time of trading hours?
    Because selling needs higher margin funds which i may not have at the time of trade. so what i do for spread ? First Buy and then sell ? or First Sell and then Buy ?
    Kindly help please

  70. Raemsh MV says:

    Suppose if take one buy option and one sell option and allow it to expire on settlement day do I require to provide margin before expiry?

  71. Ramana murthy says:

    Sir,
    Is spread margin benefit is available only zerodha, UPSTOX? Is is availble in all brokers? In otherwords, is margin benefit facility broker specific or is it given by Exchange?

  72. Neelesh says:

    The future & option lot size of Reliance is not correct in the the calculator, it should be 505, therefore is not able to calculate.

  73. Shoukat Ali M says:

    Sir, I want to sell bank nifty call and put options . how much margin I must required to 5 lots (25*5=125)?

  74. Ankit says:

    i opened new account in zerodha & first time start in F&O.
    Pl let me know if i trade in Nifty, not squareoff trade till expiry and the remaining premium amount whatever left,
    Will it comes in my account ?
    Is any penalty need to pay for this ?

  75. Ankit says:

    The margin calculator just keeps on spinning for Options at least. Any issues going on with it ?

  76. suresh kumar says:

    Hi….
    can anyone explain what the below statement in option margin calculator mean.

    Next month option one can trade on 11000 and 19500 strikes only ?

    Nifty contracts allowed for trading
    Current Week- All strikes are allowed
    Next Week- TO 11600 CE & PE
    Next Month- 11000 TO 10950 CE & PE

  77. Akshay Thakker says:

    Hi Nithin:

    Since the past week, your span margin (initial margin) data has started diverging from the span margin as calculated by span risk manager – the tool prescribed by NSE. I understand you rely on Thomson Reuteurs (Refinitiv) for your span margin feed… can you please check the divergence? This is very important as you have now included the margin calculations as part of your api, and I am building an algorithm that relies heavily on the margin calculations and your api.

    Best,
    Akshay

    • Faisal says:

      Hi Akshay,
      We haven’t noticed any difference in the margins from the calculator and with the ones required by NSE. Can you email me on [email protected] and I can have this checked?

      • Sachin says:

        Hi Faisal,

        Can we have separation of cash part of margin and pledge part of margin acceptable for a given position
        say latest rules cash is 20% of the total margin and Pledge securities value can be rest 80% ? these rules keeps changing hence it will be better if you can show that as part of the calculator
        NFOx
        BANKNIFTY21SEP Options 36000 CE 25 S 1,51,696 18,359 1,70,054
        NFOx
        BANKNIFTY21SEP Options 36000 PE 25 S 1,09,963 18,359 1,28,322
        Total 2,98,376 Total margin ? Rs. 1,88,413
        so out of this 188413 some 40 K needs to be cash and rest 160K can be pledge shares ? can you show this in calculator

  78. jas1991 says:

    Hi,

    When I do a strategy in Zerodha margin calculator, the total margin is seen as 17000, but when I create a basket in kite, it shows the margin required as 54000. Why is this mismatch ? This happens everytime with me.

  79. Thomas Varkey says:

    Can I pledge IDBI Gold ETF for option trade ?

  80. VINOD KUMAR BAIRWA says:

    F&O MAARGIN KA LYA PHLYA FUTURES LEE YA OPTION PLZ JIS MA MARGIN KAM LAGE…….HADING KA LIYA PLZ

  81. Mahesh Gandhi says:

    What will be the margin requirement for SBIN Future lot for one month and call short for one month??

  82. Raghu says:

    Hi Team, If I want to enter an iron condor trade which has four legs and upon unwinding, will I be charged a total of Rs. 160 ( 80 Rs on Entry for the four legs and 80 Rs on Exit). can someone please clarify and regarding the profit projections in sensibull, does it take into account all the charges involved?

  83. Basavaraj says:

    If I want to avail 100% of marin benifits by investing in ETF and Liquid bees
    In ETF only 50% margins can be usable
    How can i reduce 50% remaining margin without cash?
    Shall i go through Both ETF and liquid bees?
    Please revert

  84. Sidnet03 says:

    I have multiple holdings in my portfolio in zerodha. all are options. i am running short of margin and getting reminders. is there any way i can know how much margin will get freed up if i sell x holding or y holding?

  85. Anita says:

    I think the margin calculator needs an update. There should be an option to select the expiry. By default we can only select monthly contracts.

  86. Ganesh says:

    Hi,
    This week in July 2020 I bought options of Infosys 940CE 1 lot. In last week of expiry means on Monday. In zerodha fund balance it is showing margin delivery margin applied of rupee = 22,571.28. Because of this my fund balance of zerodha is in negative.

    My question is –
    1) Do I need to add this Delivery margin amount into account or not to clear this option position.
    2) Does it because of options in last week of expiry?
    3) What is physical delivery?

  87. Tejas Bhatt says:

    Hi Nithin,

    Wanted to know when will the Weekly Nifty & Bank Nifty be available in the margin calculator.

    Thnx…

  88. ANANTHI V says:

    I want to know what is Span Margin, Exposure Margin and Premium receivable?

  89. Nadim Momin says:

    Date :- 21.07.2020

    bought 10800PE in last week , today iam not able to buy because it is showing out of range, can you help me out. I want to average my position.

    Please advice

  90. Sadananda KK says:

    Hi Team,

    Could you please let me know what is the Margin provided by ZERODHA for Equity Segment for Intraday- Bracket and Cover Order.

    Regards,
    Sadananda KK

  91. amir says:

    did any extra charges taken by zeroda after using this hedging positions…. because i booked loss 1k last trading day but i have to pay near 1.6k …

  92. dhananjaya v says:

    why are we not getting current week option (nifty 16 july expiry)ticker in margin calculater. Only last Thursday of the month position we could see.Please clarify

  93. dhananjaya says:

    why are we not getting current week option (nifty 16 july expiry)ticker in margin calculater. Only last Thursday of the month position we could see.Please clarify

  94. T A Khot says:

    Since yesterday, the Margin Calculator is showing the result as NaN. Is there anything wrong with the system?

  95. Aditya says:

    Why am i not able to see the weekly series in Banknifty options (tried Banknifty Jul16th)?

  96. Suman Mishra says:

    Margin for hedged position was working on 1st june. Now it is now working as per the margin calculator. I tried for SBIN Butterfly strategy. Buy one 190 call sell 2 200 calls and buy one 210 call. Margin calculator shows 37000 but the trading terminal requires 1.36 lacs. Pleas explain

    Similarly Bear call spread Selling 200 call and buying 210 call shows 46000 in Margin calculator and the terminal requires 1.4 lacs. Please explain and rectify as soon as possible.

  97. Abhimanyu Kumar says:

    I want to do covered CALL short/writing for Nifty 50 stocks. Will i get margin benefit while writing the call as i will be already holding the stocks in holdings? Please explain me clearly…

  98. Krishna Mohan says:

    Is there any problem, if we leave the OTM options, whose value became meager, without squaring off, on the expiry date?

  99. Nagoor sundarapandian gnanasekaran says:

    i use d margin calculator to find margin required to buy axisfut jul 20 ..but the span margin is 1,82,448(1.8L) and exposure margin is 18,757 ,total 2,01,205(2L) ,so i have to pay 2L to buy that future stock?

    in varsity they said only % ,i thought it come between 50k to 1L . i dont understand the math.reply

  100. Krishna Mohan says:

    When we are going for a short strangle, in Nifty or BN, (i.e., Sell one call and one put), is there any provision, we can set a stop loss for both the positions put together or do we have to set individual SLs?

  101. krishna says:

    Hi Sir,
    I am Zerodha member. I bought Reliance 1780 Call options and sell Reliance 1860 Call options. It required around 32,000 rupees to trade both. I am planning to hold both the trades till 17th july.
    My questions are,
    1) Can i hold these two options till 17th July with the same margin or do i need to have more funds in my account?
    2) If I get any message from Zerodha about insufficient funds, then do i need to square off SELL option or both BUY and SELL options?
    3) Can I hold ITM call option till expiry (i will square off before 3pm on expiry day) without having full amount. for ex: Reliance is 1900 on 30th july. So, do i need to have 9Lakh rupees in my account till I square off ?

    Thanks in Advance.

    Regards
    Krishna

    • latesh says:

      bro me b itne din se isika soluation dund rha hu.. koi dang se btata hi nai uper support team ko kabi phone hi nai lagta kabi galti se phone lag b jaye to unke pas information hi nai he kuch.. pareshan ho gye he ek month se jyada ho gya sebi k new rules ko per ab hume benefits nai de rhe zerodha vale. me soch rha hu upstox me switch kr lu

    • Matti says:

      1. Margin requirements may go up or down over time based on movement of Reliance.
      2. You will need to exit the short position in case of margin shortfall since you’ll have paid full premium for the buy, you can hold that.
      3. Closer to the expiry, margin requirements will go up.

  102. Karanbir singh says:

    Why bank nifty weekly and nifty weekly option contracts are not being shown in margin calculator..???

    • Matti says:

      Will add this soon. In the meanwhile, you can refer to the monthly contracts. The margin requirements are similar.

  103. sachin says:

    its not working , I tried many times after putting value its not giving any result . just hanging . Give some other tool or link

    • Matti says:

      What are the contracts and transaction types you are adding? Buy options only require premium. These won’t show up on the margin calculator.

  104. latesh says:

    nifty cmp 10550.. suppose want to plan option multileg stategy cover call… buy 10600 call sell 10700 call.. good margin benefit are there, but how to check it in weekly.. in your margin calculator only monthly expiry showing.. so how to calculate for weekly?

    • Matti says:

      The margin requirements for monthly and weekly contracts are similar. Weekly contracts coming soon on the Margin Calculator.

      • latesh says:

        why similar margin required for weekly and monthly.. monthly almost tripple value than weekly.. and when i am buying atm call after that otm call selling the order getting rejected.. i have margin for buying so why need extra margin for cover call ?

  105. Swap says:

    Today mis margin were veryhigh.will it be same tomorrow too??

  106. Jitendra Tawde says:

    Hey can you please add weekly options to your margin calculator.

  107. Saish. says:

    A)Do i need to maintain margin required for both contracts while placing order? and once both the order are placed, system will check if it is hedge position or not and only then the system will release the margin if its a hedging position?
    B)Or its will be directly done? ie if i have 50k in my acc i will be able to buy ce option and sell future.
    which one is true? A or B

    • Matti says:

      You will need full margins for the first position and only the reduced margin for the second position. If your strategy has buy and sell option legs, place the buy order first (since that requires only premium) and the place the sell order which will require the lower margin as per the new framework.

      • somasundaram natarajan says:

        Here is it necessary to execute the first buy order or placing the order is sufficient. The hedging margin calculator is not working properly in the kite browser version. Please check and advise.

        • Matti says:

          The buy order needs to be executed for you to get margin benefit. If it’s just an open order, it can be cancelled after the short position is open. 🙂

  108. somasundaram natarajan says:

    Margin for hedged position was working on 1st June. Now it is now working as per the margin calculator. I tried for SBIN Butterfly strategy. Buy one 190 call sell 2 200 calls and buy one 210 call. Margin calculator shows 37000 but the trading terminal requires 1.36 lacs. Pleas explain

    Similarly Bear call spread Selling 200 call and buying 210 call shows 46000 in Margin calculator and the terminal requires 1.4 lacs. Please explain and rectify as soon as possible.

  109. T Harish Kumar says:

    In options margin, whatever the strike price I have entered, it shows zero(0) rupees as margin to buy a call option…Is it real??
    Can we buy a call option with zero rupees??
    If it possible, then what is the premium collected by call option seller??

  110. jai raj sharma says:

    what is limit against equity for future after haircut.

  111. sonu says:

    nifty 31 dec 2020 margin is not showing .kindly consider it

  112. sapan khuntia says:

    Sir,
    In this calculator, there is no way i can calculate the margin required for weekly expiry options. if you add this facility it will be very helpful.

    Thank you.

  113. Nagaraja R says:

    I want to buy bajajfin 2100 call and sell bajajfin 2500 call in calculater is showing margin 18000 is it right ?!

  114. Abhay says:

    What to do for getting margin benefit on spread like strategy ? I mean 1st sell or 1st buy to get margin benefit …

    • Sagar says:

      Obviously you have to buy first with just premium and then while you sell, the margin requirement should be lesser than the naked sell.

  115. Yusuf Patel says:

    hello….i am your customer..my id is JS2405….can i sell monthly nifty call option and buy weekly option to hedge ??will i get margin benefit as per new sebi rules from 1 june 2020???

  116. Milan Patel says:

    1. Please enable bank nifty weekly option margin calculator.
    2. Please enable basket order in kite app.
    3. If i buy Nifty 9500 CE and sell Nifty 9600 CE of same expiry then margin benefit is not showing in margin calculator.
    Kindly update margin calculator ASAP.

  117. Hitesh Agja says:

    As you don’t allow to trade beyond range in Banknifty and Nifty as well. So if I have to create position based on far away strike(beyong range) with hedging, how can I do that?

  118. Nawal says:

    How much margin is required for trading in nifty/banknifty future at intraday basis?

    • Matti says:

      Check out intraday margin requirements here. The link to this page is also available on the blue banner at the top of the margin calculator page.

  119. Mayank says:

    Team Zerodha, We know that in Nifty and Bank Nifty, weekly options are more traded than the monthly contracts. In the margin calculator, there is no option to check for margin requirements of weekly contracts, without which it is difficult to analyse p/l before the trade. Sometimes I even forgo the trade if profit to loss percentage is not appealing.
    I am sure that there are many people who are already eyeing you for this.
    I request you to add this simple functionality in calculator. Is this in your To do list?

    • Matti says:

      It is on our to-do list Mayank. However, even until we do this, you can simply look at the margin requirements for the monthly options. They’re the same as the weekly options.

  120. PRAVIN says:

    HERE FOR INDICES, IN OPTIONS, ONLY MONTHLY CONTRACTS ARE AVAILABLE FOR CALCULATION. WE NEED THIS FOR WEEKLY CONTRACTS AS WELL.

  121. Ganesh says:

    Margin Calculator NOT WORKING?!?!?
    Whatever happened….
    I needed to calculate the margin requirement for Nifty option selling and couldn’t do it…..

  122. Herman says:

    Hi why is is not showing me margin to sell SBI May 200 CE
    Exchange Contract Product Strike Qty Initial margin Exposure Total
    NFOx
    SBIN20MAY Options 200 CE 3000 S N/A N/A N/A

  123. Praween Kumar Verma says:

    I am trying to calculate the margin required for buying Hero motor Call option for strike 2050 but Zerodha calculator is not showing any money required.
    I am confused can you explain.

    Regards
    Praween Kumar Verma
    ID-QV6620

  124. suraj acharjya says:

    as now we cant do BO and CO for MIS Future , in that case where is the margin calculator for NFO Future. The one currently showing in calculator doesnt match the amount while buyinng in MIS future . For example CIPLA MAY FUT shows different exposure margin (Buying price per lot) to that showing in Zerodha while buying which is way more ..Please help . Thanks

  125. Vasudha says:

    Can you the MIS charges per transaction, if transaction charges are deducting more than 20 rupees.

    In my portifolio MIS transcation charges deducting 70 rupees/ 1 transaction.

  126. Saravanan GR says:

    Can you please Weekly options into the list? Margin is always showing for Monthly.

  127. vivek says:

    For getting option margin benefit do we need to sell both positions in one order or both can be sold separately during the same trading day in different orders ??

  128. ayan says:

    ## F&O

    i purchase nifty 7 th may 10000 CE ……..a lot (75)@ Rs. 36 =2700 and sale 75*65=4875 on 30.04.2020

    gross profit =2175

    it is correct calculation???

  129. Hemant Jain says:

    Why Margin calculator not showing span and exposure margin for F&O segment.

  130. raghu says:

    hi..not able to add 30th APRIL BANKNIFTY OPTIONS. N MARKETWATCH..ALL THE OTHER EXPIRIES R SEEN

  131. raghu says:

    how much margin required to BUY NRML Order banknifty option?premium*lotsize sufficient? or v need to have the banknifty futures margin in addition to it?

  132. Rajesh R says:

    I have seen the MIS on Bulletin and it is mentioned as Index F&O – 2.5X(40% of NRML margins) for Indices futures . But don’t understand it . how to calculate the amount needed ? It means that 60% amount I need to have to trade 1 lot of Bank nifty futures ?

  133. Allen says:

    I wanted to Sell One Lot Bank Nifty Option of 23 April Expiry… but the date by default on the system was of 30 April. How does one activate the weekly expiry. Thanks

  134. Hemant Jain says:

    How many days higher margin will be charged. Now market behaviour is normal.

  135. Rakesh says:

    Hello sir,
    Option calculator not showing weekly margin,
    plz provide solution!
    thank you!

  136. Sandeep kumar Nayke says:

    Hi,
    Sir i want to ask you something about margin calculator. Sir , is there about to come new version calculator, because
    i did’t find BO & CO Equity calculater. pls do something for me.
    Thanks

  137. Vaman Babu K says:

    Was not able to find, options with different expiries in this. i.e. NIFTY 16Apr20 Expiry options? Only monthend options are visible? Is there any other way to get them?

  138. Satya says:

    Hi,
    I want to write nifty strangle only on expiry day intraday basis. What will b the margin requirement for 1 pair.
    Margin calculator provided data for positional call

    • Matti says:

      Satya, add teh contracts to the margin calculator on the day of expiry to figure out the margin requirements. Margins change daily, so this cannot be answered in advance.

  139. Neeraj says:

    Hi! Drop down menu for type of option doesn’t show all the date options for NIFTY. It is showing only month ending options. How can I calculate margin for let’s say NIFTY 50 16 Apr or 23 Apr

  140. sourabh says:

    As I am seeing margin again increase in nifty and banknifty is it temporary or permanent

  141. K K Gupta says:

    Sir,
    Indiabulls Housing Finance Ltd Put Option for April Expiry series with strike price of Rs. 20/- sold on 2.4.2020. Lot size is 1200 shares.
    Maximum risk involved is 1200 x 20 = Rs. 24000/-. But margin required shown is Rs. 32203/-.
    Why ?

  142. ab says:

    Does the calculator show margins after considering premiums received or without it?

    Lets say, the calcualtor shows me the margin required for an option spread to be 1 lakh.
    BUt I am receeving a premium of Rs.10k by writing the spread.
    So, my actual money blocked form my trading account will be 1 lakh OR 90k only (1 lakh-10k of premium)?

  143. Mihir says:

    Hello,
    Just a query, in your calculator i cannot see the margin requirements for writing options (CE/PE) for Nifty Weekly Expiry. Am i doing something wrong or the system just doesn’t compute for weekly expiry as of yet ?

  144. Arunkumar B says:

    Hi ,

    When i looked at the calculator , i find that it is not showing correctly the premium received.

    for example, For shorting 1 lot of nifty call option, the premium receivable is not matching with current LTP listed in NSE Options chain website or from the Ticker add to the Kite.
    So , how this premium calculation is done ?

    Also, is this calculation is fixed like Span and Margin or is it going to change based on the price of the call option .

    Please clarity the doubts.
    Thank you,

  145. Vineeth says:

    Hi. Can you please let me know how much the margin required for selling 1 lot (75) nearest nifty weekly options (1st April 2020 expiry at the moment) is? Thanks in advance

    • raghu says:

      i think for option selling u need to have the margin amount of nifty futures..for option buying u jus have to pay the premium price *75

      • Matti says:

        That’s right.

        • Vineeth says:

          Thank you for the reply. I do know that for option selling you need to have the margin amount of nifty futures. But I thought that margin requirements are different for weekly options are monthly options. I was under the impression that, for selling monthly options, the margin requirement is same as that for futures, but that, for weekly options, the margin is lesser. Am I correct in this assumption?

  146. Palaniappan Alagappan says:

    Why am I getting NA in all the 3 last columns? Am thinking of buying a April 1 expiry BANKNIFTY Call, am not able to. Can someone help me out?

  147. srinivas says:

    profit is there in long position. Is the margin more than 100% of the contract?

  148. Srinivas says:

    I have long position in yesbank may futures, purchased at 15.7, now the price is 26. It means I am having positive balance. Why do I receive messages repeatedly that unless you pay xxx amount, your trade will be squared off? As per my calculation my trade value is 18.7 x 15.7 = 1,38,160. Even if entire thing is gone my total loss will not be more than 1,38,160. Why do I get messages for balance even if by balance is more than 2,28,800/-. By this action, I am not able to take more long positions in futures.

    • Matti says:

      This would be because the margin requirements to hold the position will have gone up.

      • srinivas says:

        Does this mean a person having long contract in futures has to keep adding on margin money when the contract value is increasing in value? I purchased at 15 and now it is 25. Do I need to add money as if I am purchasing at 25 ?

        • Matti says:

          Not necessarily. Futures are settled M2M, meaning any gains you make during the day are credited to your account. However, in the current case, the margin requirement could have gone up from say 50% of the contract value to higher, hence the additional margin requirement.

  149. Amit says:

    Hi,
    Whenever I try to use the Margin calculator in the night, it does not calculate margin requirements for shorting any instrument in FnO segment. Why is it so?

  150. Ashok says:

    I am newbie, Today i tried to buy a 1Lot of Option call that is Nifty12200CE and its price is 2023.80 and it’s rejected ,can you please advice how much balance should have in my account for this types of tread?

  151. Brijesh Roy says:

    I am a newbie here , so please can anyone explain me how it is calculated ?
    Eg. For JPYINR
    LOT SIZE: 1000
    Price = 65.86
    NRML Margin = 1778.
    Now , in the calculate , I give cash available as 6586 , so it shows that I can buy 3 lot , how it is calculated ?

  152. Saravana Ub says:

    NIFTy weekly options contract are not available in the options calculator.

    • Matti says:

      Hey Saravana, the margin requirements for the weekly and monthly contracts are identical. You can refer to the margin requirement for the monthly contract.

  153. ramesh v says:

    newly entered in option

  154. Sid says:

    When will the new margin requirements be applied to CO/BO?
    In the margin calculator, it still shows the earstwhile margins.

  155. Poojan Shankhapuri says:

    I have tried for getting Margin calculation requirement for Bank nifty Jan’20 futures contract today. It is not showing up any results for the same. Pls look into the issue.

    • Matti says:

      Hi Poojan. The margin requirements for the monthly contract and the weekly contract are the same. You can refer to the margin required for the monthly contract on the calculator.

  156. Gino says:

    Wanted to know what is the margin requirement for nifty option selling MIS for weekly expiry, as the online calculator shows only the monthly expiry.

  157. Neelima says:

    Suppose Banknifty is at 27000 (future price). I want to place two MIS orders for Futures Trade. That means I would square off the position before 3.20 PM on the day itself. My first order is a Bracket Order for buying Banknifty at 27100 with stop loss of 75 and target of 100. My second order is also a Bracket Order for selling Banknifty at 26900 with stop loss of 75 and target of 100.
    1. How to calculate Margin requirements when I place this orders ? As only order could be executed at one time, so margin requirements should reflect that. I couldn’t find it in Calculator.
    2. Supporse Buy Order is executed and I now want to change the Stop Loss and Target. Will it be possible in view of the order being a Bracket Order in the first place.

  158. parameshwar says:

    Hi Zerodha team!

    I am only BUYING an option. I am not selling/writing of option. I am trading in Daily time frame. Suppose say i am buying an option of USD/INR and would like to carry forward till expiry. Do i need to maintain margin for carrying it overnight ??

    note:- i am not selling any options or buying a spread. its a plain option buying

    • Matti says:

      Option buying only requires you to pay the premium.

      • Varun Mallik says:

        So Unlike Equity share buying intraday via MIS option, Buying MIS or Normal call option is one and the same? .. we do not get extra margin via MIS for buying call option right?.. so in which scenario will a call option buyer use MIS option??

  159. Nimagna says:

    If we buy a futures lot worth Rs. 90000 and sell futures of next month worth Rs. 95000 in two separate orders (pushing them at same time via kite connect) rather than in single order (via spread) how much margin do we need to have in our account until both the orders are executed?? Do we need to have Rs. 90000 Or Rs. 90000+Rs.95000
    Also tell me is it possible to place calendar spread order via kite connect??
    Thank You

    • Matti says:

      I’ve answered your question about margins in another comment. As for the spread orders, this isn’t available on Kite Connect. You’ll have to handle this on your end to achieve this behaviour.

  160. Varun Mallik says:

    On the Options page, I could see weekly options expiry (every thursday) but the zerodhas calculator only provides monthly expiry margins. Do we have a facility to check margin requirements to enter weekly options expiry?

    • Matti says:

      The margin requirements for weekly and monthly contracts are more or less the same, hence we show only monthly contracts.

      • Varun Mallik says:

        How can they be same. Option expiring on first week thursday will have different thetha than same option on month end thursday. Can we not update the calculator to include weekly nifty expiry options?

  161. Bharat Bhushan Jain says:

    My A/C id is NV2998. I have purchased one ICICIPRU SEP440 CE & I also had paid premium against it but yesterday night I receive a mail & SMS from your side for margin. I am unable to understand that how much money I have to transfer in my trading account so as I can square off my position myself on Monday or Tuesday or Wednesday or on expiry date. Kindly help me by telling the required margin that has to be deposited by me on Monday.Also tell me phone number where ican talk directly regarding my above problem. thanks sir ji.

  162. abdul majed says:

    f&0 margin calculator does not working please check updates sir
    equity any one working

  163. Satish says:

    Sir,
    What is the margin required to trade at the money options of 200 qty bank nifty the next 4 days in August month ?

  164. Pritam says:

    The Margin requirement for Shorting Options of FnO Stocks in MIS product is not available. Kindly provide a tool for the same as BO and CO. BO CO is not available for shorting options, so it is not beneficial in calculating Margin requirement in MIS.

  165. Sahil Aggarwal says:

    Margin calculator is not working properly. I am trying to find out margin benefit by adding futures and options. And it is not showing margin benefit.

  166. NSD says:

    The margin calculator is not updated for weekly NIFTY options. Its still showing only monthly dates. Need to update it to pull weekly contract ending dates.

  167. Midhun says:

    Hi Zerodha team,

    I have a doubt in selling options. Please tell me how much free cash required for buying an option worth 1000 Rs.

    Span Margin ,Exposure margin & total margin terms finds difficult for me to under stand.

    And previous writing/sell trades all were rejected even if i am writing to an amount of below 100 Rs ( with an available cash balance of 3000 Rs in my account.

    Also please tell me how much money in cash required for selling one lot worth 100 rs.

    Awaiting reply,

    Thanks
    Midhun

    • Matti says:

      When you’re writing an option, the premium has nothing to do with the margin requirement. The margin required is calculated using SPAN and Exposure. You need to have SPAN + Exposure to short. I suggest you go through this module on Varsity for more.

  168. Rakesh says:

    Suppose I sold Put option of RELCAPITAL JUN 80 PE at price of Rs. 10 on 10/06/2019 and than if I’ll buy it at price of Rs. 8 on 20/06/2019.
    Q1- How much profit should be credited to my account ?
    Q2- Margin required for aforesaid transaction.
    Q3- Is this trade possible, I mean can I sell Put options today and buy it later anytime before expiry of traded contract ?

  169. Satya says:

    I am interested in straddle for intraday. How much exposure I will get?

  170. Praveen C says:

    I am unable to add multi leg options in the margin calculator.
    Also I cant see current week BankNifty.

    Please check.

    • Matti says:

      It’s possible to add multi-leg strategies. Works fine, I just checked. What’s the error you’re seeing? The margin requirements for weekly and monthly contracts are more or less the same, so you can use the monthly contracts instead.

  171. ashish says:

    Please check enginersin mlt lot size in your calculator.
    it is 4100 but your calculator shows 4600.

  172. Rishank Pandey says:

    Sir, i’m new to trading. Just one query, if incase i buy 4000 shares of POWERGRID on 30th April 2019 (assume spot rate is Rs 190) and simultaneously, i sell 4000 (one lot) of same stock in futures and on the expiry 30th May 2019 i square off both the positions. My question is:-
    1) In the above example, i should have Rs 7.6 lacs (4000*190) in my trading a/c for buying the stock. How much i need for selling the stock futures.
    2) If incase during the middle of the month, stock price goes up by 20%, do i need any additional capital or not?

    Regards,

  173. pabitra mohan parida says:

    How to buy and sell nifty strike option your margin calculator what is the brokerage prices other service try to make under stand me easy way through calculator provide detail below.

  174. amit kumar says:

    hello sir,
    I just want to know if I buy a stock (quantity equals to ot size ) in cash and sells its future for current expiry , do I need to pay any extra margin ,and also if the stock is liable for physical delivery , do I need to place any request in zerodha to keep my position open till expiry ,being zerodha system use to close any such positions prior to expiry

    • Faisal says:

      Yes, you are required to maintain additional margins for the future contract if the contract is liable for physical delivery. One way you can keep up to the increased margins, pledge your holdings to get collateral margins.
      As long as you hold the margins required, we will not close your positions.

  175. Shashank Rajwade says:

    I want to know how Exposure Margin of a Written option is different from Exposure margin for Future. There are slight differences in calculations and I want to know why that is.

    This is a work related query I work as a Business Analyst.

  176. Mredul says:

    By when will the margin calculator support weekly nifty options?

  177. Onkar says:

    Please provide sell & buy videos in apps, & add margin calculator in application.
    Bcoz some people are new in trading market then they not know many more for sell & buy
    Intraday, future, option, derivative etc. So please provide demo video & margin calculator in kite add

  178. Govindraj SN says:

    I appreciate for the Margin Calculator, to be more useful can you provide Intraday Margin option. Regards.

  179. mohanraj says:

    Hi, when opening account i was told that i will be provided with 2.5 times leverage for intraday option trading. But when i bought banknifty i dont see any leverage given. im just able to buy only with my own amount. Please clarify. 40 is in my account. i tried buying banknifty 27600 CE at 153 (20 lots) got rejected. finally i was able to buy only 10lots and available margin is 9k. that is just zerodha allowing me to just buy with my own money and no leverage or what so ever.

  180. Amar says:

    hi,
    Not able to calculate margins on weekly bank nifty options.
    can you pls provide the same

    thanks
    Amar

    • Matti says:

      Hey Amar, the margins required for the monthly and weekly options are the same. Hence no separate item in the margin calculator.

  181. Sagar Doshi says:

    Please can you publish updated Margin calculator which will be effective from 21 Jan 2019. Also request you to inform about availability of margin benefits will be available on covered trading under new revised margins?

  182. kumar says:

    margin calculator:
    sunpharma futures (feb19) trading at 386
    sunpharma options 380 PE (feb19): strike 380
    enter the respective and THERE IS NO MARGIN BENEFIT SHOWN in margin calculator??
    please explain why so for this hedged position….

    and the margin calculator ALMOST-ALWAYS fails when more than 1 leg is entered by way of options/futures for the ‘SAME UNDERLYING’.

    I suggest zerodha to test your margin calculator for margin benefit more and then only deploy the correct working version.

    And i request you to please test these facts before giving a generic ‘do-this-do-that’ reply.
    thanks

    • Faisal says:

      Kumar,
      I presume you meant Sun Pharma Feb Future Long and 380 Put Buy.
      I tested it out and found no issues(here’s a screenshot).
      Could you share a screenshot of what you are seeing? It could be an account specific issue and I can have someone from our Support team access your computer and resolve it?

      The calculator is used extensively on all days and we haven’t received any such complaints.

  183. raja says:

    Hello,

    Are the calculations always current market scenario? as in, updated as and when new regulations come in effect?

    Thanks.

  184. KALYAN says:

    If i have stock in delivery, and want to sell an option, will i get the same exposure benefit?

    • Faisal says:

      Kalyan, cross-margining between stocks and derivatives is currently not possible with us.
      However, you can pledge the stocks you hold and use the collateral margins to take the covered call position.
      Check this post for more

  185. paras vora says:

    Today i faced a problem , brokerage calculator said i can make a spread out of 2 90 000 , when i put in orders were not being placed , so i put all mis orders and started converting them , could convert 2 legs and the 3rd leg refused to get converted saying partial conversion possible , Mr.Swamy at the call centre also could’nt help saying margin requirements are more now , i had to dilute 23% of my position in loss and not to mention additional brokerage costs , please mention a way on how to put in spreads. Call centre suggested that full margin will be charged when placing orders and after that the rest will be released , ?? then what is the point of having discounts in spread margin , cause il have to cough up the entire margin first ??

  186. Ajay Singh says:

    My Zerodha id is XD5871.

    1) My question is regarding Option selling. How much amount required in our account for option selling.

    For example: If i would sell strike price 10500 Nifty Put option at Bid price 27.40 INR so what amount required? Like wise for Call option 11000 strike price?

    Guide me

  187. Keval Shah says:

    Please include Bank Nifty Weekly Expiry Margin Calculator

  188. Manish says:

    Margin requirement for GodrejInd Future trade is exponetially increased….over last two days.. please check

    • Manish says:

      For the same future samco shoing 136000 as margin and ZERODHA is asking for 388000 margin thats rediculous.. anything more than 160000, 170000 dows not work… Please checkout

  189. Ragavendra S R says:

    I have equity holdings equal to FNO lot size. does it require same margin for riding a call option of that scrip.

  190. SOM says:

    Guys, I am looking margin required for weekly Bank Nifty Option Contract, Pls share the list or let me know where i can find it

  191. Sreejith says:

    hi
    why there is no Banknifty weekly option available in option margin calculator?

  192. Sarvesh says:

    Want to know this asm on equity derivatives is temporary or permanent

  193. Sourabh says:

    Tell nse to remove asm on equity derivatives. No return left for option writing after taking risk in stock market.

  194. Rajesh says:

    Hello, this is not working…….I have tried for Yes Bank Call Option for SP -160……System is not giving any response

  195. prakash says:

    zerodha calculator does not show the margin required for intraday trading. For example if I want to sell one lot of nifty 10500 december call option on intraday basis -it does not show me the margin required for intraday. For this I have to go on a trial basis and sell one lot intraday without knowing the margin required. Can you please rectify this defect

    • Matti says:

      Hey Prakash, the margin required for intraday positions is 40% on the NRML margin requirement for indices and 50% for everything else.

  196. Jay says:

    Will it be possible to have margin calculator for weekly expiration of BankNifty contracts?

  197. Eswaran says:

    Sir, Could you pls clarify this instance?
    If a client Has Rs.4 Lakh cash available in his account and takes 4 Short positions (Index Options) worth Rs. 5,50,000/- and his Margin short fall at 1,50,000/-.
    Now,(1) How long he can keep this Shortage without paying as this shortfall is getting reduced day by day..?
    (2) In case of non-payment, What will be the Penalty for this Shortage?
    (3) How this Margin is calculated for different strikes, any specified Ratio is there?
    Kindly clarify.

  198. shantanu shirpurkar says:

    I want to trade in optins,
    I want to know how much amout i require in my trading account for
    buying options in yes bank. and what is the risk of loss in option trading.

  199. deepak says:

    will i get any type of intraday limit to trade in future or option. and what amount should i have to trade in justdial future on intraday basis.

  200. Diptesh Makwana says:

    Why can’t we have margin for Buy MIS order in FNO?

    • Matti says:

      Diptesh, option contracts are heavily leveraged inherently. For a contract with a premium of Re. 1 and lot size of 1000, if the underlying is trading at even Rs. 100, a contract worth Rs. 1,00,000 can be bought for Rs. 1,000. That’s a quite a lot of leverage!

    • Matti says:

      Diptesh, option contracts are heavily leveraged inherently. For a contract with a premium of Re. 1 and lot size of 1000, if the underlying is trading at even Rs. 100, a contract worth Rs. 1,00,000 can be bought for Rs. 1,000. That’s quite a lot of leverage!

  201. AshishD says:

    Hi,

    I purchased 1 call of 11400 strike price and Same strike price 11400 Put buy but when put is hick i tried to sale it out system asking asked me for margin money as i do not have sufficant fund in my account. so can i wont be able to sale PUT and CALL without margin money.?, suggest me what should i do so i would be not loosing money.

  202. Venkat dabbara says:

    What is the intra day margin for bank nifty is 40,000 enough to play intra day.
    Regards

  203. BARAIYA JAYESH B says:

    SIR,

    KYA MAIN FUTURE STOCK KO MIS MAIN KHARID SAKTA HU?

  204. akash gupta says:

    sir
    is there any problem in currency span calculator is not working properly plz check it once

  205. Pranav says:

    Hi,
    I have gone through this forum twice. Contacted Zerodha Cust. care once. But I am still carrying a confusion. I hope someone clarifies it. This is regarding the cash balance and margins.
    My initial cash balance before I take a future contract – 80000.
    I buy a MSUMI Oct Fut contract with margin requirement SPAN 35000 + Exp – 24000 = Total 59000.
    So after buying the contract – Margins blocked – 59000. Cash available – 21000.
    Now that the free cash balance is 21000 (which is less than SPAN) will I get a margin call.
    Or this free cash balance can be utilized for taking another position (like an option / equity stock).
    My interpretation and the customer care exec. tells me that the free cash balance should also be above SPAN.
    So for buying a future contract – the total amount I need to have = SPAN (already blocked) + Exposure margin (already blocked) + Free cash (atleast = SPAN).
    Please clarify.

    • Pranav says:

      I wish to regretfully say that few of the questions and one/two answers have created this confusion.
      Is there any obligation on part of client to maintain free cash in account greater than SPAN (over and above the already blocked initial SPAN + Exp margins, considering the position is either making profit or amount is adequate to take care of M2M losses).

      • Faisal says:

        Pranav, you just need to maintain SPAN + Exposure. You can use the free cash to take other positions. However, if you have some free cash left in your account, in an event when the position goes against you, the free cash will be utilised and a margin call won’t be triggered.

  206. vijay says:

    I see 1.3 lacs margin blocked for a Nifty option contract….is this how much u block?

    ICICI Direct blocks 80 k for Nifty and 1.2 lac for BankNifty

  207. Jaydeep says:

    Dear Sir,

    I would like to know how much margin I require to short nifty and banknifty atm options for intraday only

    • Faisal says:

      Margins will be around 25k for intraday using MIS order type. You can use BO/CO for lower margins(this requires you to have a mandatory stop-loss which reduces the risk of the trade). Check our Margin calculator for more details.

  208. Akash Mahajan says:

    Dear sir,

    Please share me blocked options stock list… So that it is easy to choose option stock.

  209. amulya kudchadkar says:

    your option plateform does not shows different statergies in option trading plateform why dont you check american site where different statergies are shown.

  210. aashish says:

    Dear Sir,

    request you to provide margin requirement for weekly options also of banknifty.

  211. Sam says:

    I am not finding the Bank Nifty Weekly expiry options included as part of the Margin Calculator. Am I missing something. Please let me know where I can find this in Zerodha.

  212. Palash says:

    SIR, I cannot find how to calculate margin requirement for weekly expiry options of bank nifty, how can I find that?

  213. shiva says:

    Hi sir,
    i have zerodha account and i have invested in equity.
    i wanted to know how to pledge the equity shares and trade in options with that margin

  214. SambhavGupta says:

    Can anyone tell me how percentage of exposure margin is defined?

  215. AMIT GUPTA says:

    THERE IS NO OPTION FOR MCX MARGIN CALCULATOR IN OPTION SEGMENT. SO PLEASE UPDATE YOUR SOFTWARE AS SOON AS POSSIBLE…………

  216. Prakhar says:

    Does margin benefit for specific strategies which is shown in margin calculator automatically reduces total amount required for that position. I mean for example suppose I am having 15000 puts of 250 strike on sbi and if I want to sell 240 strike therefore I should get margin benefit for the amount shown in calculator. So will the total amount required to short 240 put automatically reduces and the total amount required to short that put be approximately equal to as shown in margin calculator.

    • Matti says:

      Hey Prakhar, while placing the second order, you’ll be required to have the full margin required for the order. Once the positions are parallely open, the margin benefit is released.

  217. RAJESH says:

    I observed that margin requirements for banknifty is shown only for monthly expiry and not for weekly expiry. Whether the requirement is same or less…

    • Matti says:

      It’s the same, Rajesh.

      • Sam says:

        If this is the same, why are the weekly expiry dates not included in the drop-down. At least there should be some remarks indicating the same in the page when the margin amounts are shown for the Bank Nifty. Should cause a lot less confusion.

  218. jyothsna says:

    span calculator not showing weekly expiry dates of bank nifty

  219. KETAN SHAH says:

    what is the tcs 1 lot margin for overnight position

  220. Gunjan Gala says:

    Hi,
    If I am Buying/Selling Bank Nifty Futures with BO or CO with 50 points as SL in every trade, then how much margin i need to keep in my account?

  221. vasanth kumar says:

    Hi Nithin,
    As per today ,buying nifty future and selling nifty atm CE required total margin of rs 87126, in that span 39395, exposure 47731, premium receivables 1470, margin benefit 25,170.

    My query is whether the margin benefits(25170) is still applicable after June 1st ? Or there will not be no margin benefit at all, does all clients does need to pay full margin for all carry forward ..please clarify.

    please also clarify whether MIS, BO & CO orders will exist after June 1 2018. Thanks

  222. BEB says:

    CAN WE PAY FUTURES MARGIN IN CASH ONLY OR FULLY AS STOCK ALONE, IS THERE ANY % THAT HAS TO BE IN CASH COMPULSORILY ?

  223. BEB says:

    HAS FUTURES MARGIN SHOULD BE COMPLETELY PAID IN CASH OR CAN BE GIVEN IN CASH EXCEPT MTM CAN BE SUPPLEMENTED BY CASH ?

  224. rahul says:

    sir margin calculator is not working properly, i am trying to calculate the margin required to sell options and it shows N/A, please help on that,

    and one more thing, what will the margin required to sell options after SEBI instruction to increase the margin ??

  225. Abhay says:

    Hi, i want to know the reason to ban the securities under FNO section whereas same are getting traded in NSE. If you see it high volatile then stop providing margin instead of banning.Eg Justdial or Jetairways

  226. Vin says:

    Hi Nitin,

    I have written (sold) 3 calls for IRB Infra for May at 240. I have the following queries:

    1. Why is margin so high on writing options as compared to buying/selling futures? In this case, margin involved is 9L approx. While selling future with same quantity involves only 5.5L;

    2. How does the mark to market work for written calls (closing price of stock or last traded price for the call)? If the stock movement goes in my favour, do I get credit?

    3. Why do I not get a creadit for call sale premium?

    4. If the call is illiquid, can I exercise it with the stock exchanges mid series (before the expiry?)

    Many thanks.

    • Matti says:

      Hey Vineet,

      1. You’re trading IRB 240 CE. The spot is at 270, which means you’re shorting an In The Money call. You’re betting that IRB will fall by 30 points by the end of the month, i.e., 11%!. Hence the higher margin requirements.
      2. & 3. You get the premium credit on T+1. If the call goes against you, i.e., if the premium rises, margins are deducted MTM. The settlement happens on the basis of the premium, not the spot value.
      4. No, you’ll have to wait for expiry or find a seller to buy back from mid-month.

      • Vin says:

        Thanks Matti.

        On 2 & 3, I understand that ‘premium’ means closing value for the call at the exchange. Please confirm.

        Also, IRB calls pretty illiquid so if at the end of expiry if the call remains in the money, I will be better off just letting it expire as I understand that NSE settles it at the closing price in spot at the expiry date. Is my understanding correct?

        Lastly, if the call ‘premium’ goes down on day’s close basis I understand that I will get the credit the next trading day. Am I right?

        Thanks in advance for helping me out with this.

        Best.

        • Matti says:

          Not the closing value, but the value that you sell it at.

          Yes, you can let it expire.

          You get trading immediately. If the value goes down, this is deducted from MTM margins.

  227. Mikky Trivedi says:

    want to know the span margin for weekly bank nifty options if i am a seller

  228. Payoj Jain says:

    I am trying to go long on Nifty via a Synthetic Future using long dated options.

    Here are the facts on April 6th, 2018 around 3:15 PM:
    1. Nifty is currently at around 10,300
    2. For June Contract the price of 10,300 are Call: 339.4 & Put: 224.2
    3. When checking Margin required for shorting June Put it shows – Span: 40,819, Exposure margin: 23,257, Premium receivable: 17,494 & Total margin: 64,076
    4. When adding Long June Call to it shows – Span: 16,484, Exposure margin: 23,242 & Total margin: 39,725
    5. When checking Margin required for going long on June Fut it shows – Span: 39,279, Exposure margin: 39,019 & Total margin: 78,298
    6. For December Contract the price of 10,500 are Call: 546.3 & Put: 440.6
    7. I am not able to find December Contracts in the SPAN Calculator

    Here are the Questions:
    — If I understand it correctly the Total Margin in case of shorting the put option is not taking into account the premium receivable. Thus is it to be reduced if I need to estimate the funds needed in the account to only short the Put option?
    — The margin required for Synthetic Future (Sell Put & Buy Call) does not show any head for Premium. Thus is 39,725 the final and only funds needed to be kept in the account to be able to go long using a Synthetic Future, and no additional funds needed for any premium?
    — If this is correct than please confirm the fact that: going long using a synthetic future is much easier on the fund requirement as opposed to the normal June future ( 39,725 vs 78,298)!
    — How to estimate the margin required to replicate this position in case of a December based Synthetic Future ?

  229. Ashvin says:

    Hi Nitin,
    The margin calculation is not clear to me for multileg strategies. Below is the example you have given:

    NIFTY Sell Call Strike Price 6200
    NIFTY Buy Call Strike Price 6300
    NIFTY Sell Put Strike Price 6000
    NIFTY Buy Put Strike Price 5900

    As we can see, both the call option and the put option are covered, with a maximum potential loss of Rs. 100 per stock. The total exposure taken by Zerodha on behalf of the customer is Rs. 5000 (for a lot size of 50). However, your margin calculation is Rs. 41000!

    It seems to me that the margin calculator completely ignores the fact that the sell call/put options are protected and assumes all sell calls are naked calls. The whole purpose of using Options is to get leverage. If I have 41000 stuck with Zerodha instead of 5000, then the leverage is not usable.

  230. Yogesh Patel says:

    Hi,

    While checking margin required for Banknifty weekly expiry date is not showing.

    Kindly advice alternative ways if there any to check margin requirement for weekly expiry days.

    Thanks…

  231. Vibhore says:

    Hi,

    Is there a way to select BankNifty weekly options for calculating premiums and margins, right now I can only select options with monthly expiry.

    Thanks

  232. AKASH says:

    in currency segment april script is not showing in margin calculator

  233. keyur dagli says:

    Hi,

    I am unable to get margin amount for bank nifty call or put buying specially from last two days . I have also entered current strike price.

  234. kumar says:

    The margin calculator is currently not working….

  235. Debashis Dey says:

    Hello Nitin I have a question regarding calculation of margin of Banknifty option shorting by Zerodha margin caculator. I get only end of month banknifty contracts there. But Banknifty has got weekly expiry schedule. Why don’t you enable weekly banknifty contracts within the combobox so that week specific margin can be calculated which may be lower than end of month margin?

  236. srinivasan gopalan says:

    I see that my query on margin of 6/3/18 remains unresponded… Can anyone look into that and respond please..?

  237. venkat says:

    did we increase the margin amount for Futures and commodity. experiencing that zerodha had increased the margin amount for futures and commodity. please confirm

  238. suyog says:

    HEllo Sir,

    I am suyog jain your zerodha Client.
    As i calculate BANK NIFTY option in margin calculator, i am unable to get margin calculation.
    Please clarify my query..

  239. srinivasan gopalan says:

    continuing..
    So effectively the Exchange takes from me around 31.2% of the notional position value of INR 75000/- ..ie INR 234000/- ..(82000/- as Span margin and the rest as Exposure margin.) Is this not too very high? And whether this entire span and exposure margin is being held by NSE in their account or is it lying with the broker?

  240. srinivasan gopalan says:

    I shorted the DHFL mar2018 560 call @20.50, 1 lot on 16/2/2018.
    Ever since the scrip has been going south thereby putting me in the profit zone and at close today (6/3/2018) the call I sold is quoted @8.85.
    But what I do not understand is the exposure margin asked for by the Exchange goes on increasing every day even though my position is in profit.
    Earlier, I used to pay extra margin only if my position is in a loss.
    Request you to enlighten me as to how this exposure margin is arrived at.

  241. Abhinav says:

    Hi Team,

    Can you just help me in understanding the concept of Shorting of Call / Put.
    Lets Suppose:
    Short Nifty 10200-PE: 750 Shares (10 Lot)

    As per the Margin Calculator…following are the requirement:
    Span: 2,35,875
    Exposure Margin: 2,32,940
    Premium Receivable: 1,875
    Total Margin: 4,68,815

    Now after Shorting 750 (10 lots), my margin will be blocked 4,68,815 and I received the premium of 1,875.

    Now let’s say…

    Current Value of Nifty is 10900
    Value of Nifty 10200 PE is 25 (Assume)

    After 3 days
    Value of Nifty is 10750
    Value of Nifty 10200 PE is 40 (Assume)

    As per my understanding, I invested 18,750 (750*25) and after 3 days the value of 10 lots (750 shares) will be 30,000 (750*40).
    Since I had Shorted the share so my net profit/loss will be: 18,750-30,000 = (-) 11,250 (means loss).

    Now can you please help me in understanding the following:
    1) Why I need that much huge margin (as per the example, let’s say 25 times margin (4,68,815 / 18,750) in my account to Short the 10200 PE.
    2) At what value of nifty (10900 used in example), the whole margin will be squared off.

    I am new to trading and will be really thankful to you for helping me out.
    It would be great if you will reply via mail.

    Regards

  242. sudeep says:

    Hi,

    I have margin around Rs.5000. I want place an order for pnb. When i calculate the quantity using margin calculator, am getting around 328 quantity. But as I place bracket order , it is rejecting.

  243. sudeep says:

    Hi,

    I have margin around Rs.5000. I want place an order for pnb. When i calculte the quantity using margin calculator, am getting around 328 qunatity. But as I place bracket order , it is rejecting.

  244. Pranay says:

    Hello Sir,

    The margin calculator is not working for calendar spreads from last week. For the 2nd position, it simply shows N/A. Margin benefit is not displayed. Please check.

    Thanks in Advance…!!! 🙂

  245. AKASH says:

    matti sir till now margin calculator is not working properly

  246. Rohit says:

    I might be wrong but it seems margin calculator is broken. I am trying to find margin requirement for selling NIFTY 10950 CALL and 10400 PUT however margin requirements are shown only for call trade. Is this really the case? I don’t need to keep any margin for shorting puts?

  247. AKASH says:

    sir

    currency margin calculator is not working

  248. D Venkatramana says:

    Sir,

    The calculator is not working, [currency futures segment].

  249. A S DEV says:

    The margin calculator is not working for calendar spreads from last Friday (09-02-2018). For the second position, it simply shows N/A. Margin benefit is not displayed. Please check.

  250. Pranay says:

    I got the total margin using this formula.
    “Total Margin = Span/initial + Exposure – Spread Benefit(If any)”.
    but what is “Spread Benefit” ? and how to calculate it? Is there any formula for this?

    Thanks in Advance…!!! 🙂

  251. ANIL says:

    When I am trying to know the margin requirement for selling options in nifty, calculator is showing only span
    it is giving exposure margin as 0 is there any issue?

  252. Prakhar says:

    At time of selling Options margin required was near about 25000 and free cash in my account was above 30K then also my order was rejected reason being margin exceeded. Also would like to tell you that I was able to buy options worth full value of my free cash.

  253. Mangesh Kadam says:

    it always shows NA for options margin. Any issue?

    • Matti says:

      For buying options, you just pay premium x lot size. Hence nothing on the calculator. You can see the margin requirements for shorting though.

  254. Vivek says:

    Margin Calculator not working. Since from longs days there is problem.
    Some improvement is required, it would be better if you add weekly banknifty option series.

  255. Yash Jajoo says:

    Hello, Why BankNifty weekly options data is not provided in margin calculator? For eg. I am checking how much margin needed to short BANKNIFTY 18-Jan-2018 26100 Call but the data itself is not available in margin calculator. Pls suggest!

  256. vijay says:

    Are there any extra charges in using margin for selling options and covering them intraday

  257. Ravindra says:

    Margin calculator for F&O is not working.

  258. Ketan Mahajan says:

    The margin calculator does not seem to work anymore. Can you confirm?

    I am trying to calculate margin for short selling nifty 10600 CE.

  259. AKASH says:

    sir
    is there any problem in margin calculator site it not showing any margin in fo and cds segment

  260. mbpathi says:

    Sir, today i.e. on 28/12/2017, I sold call option of RCOM at a strike price Rs.40- for expiry 25/Jan/2018. I have paid Rs. 3,00,000 ( Three lakh ) as margin money and received Premium of Rs.46200- ( 28000 * 1.65 )

    If, the stock price further increases, the option premium will also increase and my Margin amount will also increase. If, I pay the Margin amount in full as required by system until expiry date. Is there any chance of Square off my option position by the system before expiry date.
    Please clarify.
    Thanks

  261. harsha says:

    Sir,
    I have a small query about margin calculation. As we all know Iron condor is a 4 legged delta neutral strategy. If it were to lose it will lose only on one side. Then why is zerodha asking for margin on both sides of leg? For example, as of today it’s asking 97000 rs for iron condor in nifty, since it has been hedged on other side automatically on entering trade, the proper margin requirement should have been half of that amount ( 50000 rs approx).

    • Matti says:

      When you’re entering the second leg, the system has no way to know how much to block, so it just blocks SPAN + Exposure. Then, you get the margin benefit once the position is open.

  262. Abhijith J says:

    Hello,

    Kindly explain me the margin calculation for shorting the nifty options.
    Say the NIFTY Index is 10265 and also NIFTY DEC 10000PE is 41.70Rs.

    How to calculate the margin required to short the 1 Lot of 10000PE ( which is at 41.70Rs.)

    • Abhijith J says:

      As per my previous please dont provide me the link of the zerodha margin calculator. I have gone through that and not clear.

      Please explain step by step mathematically .

    • Matti says:

      Just check out the margin calculator. The formula for SPAN calculation is proprietary to CME and the exchange has only licensed this from them.

  263. hitesh says:

    how much is margin require for writing (Selling) nifty call option .

  264. Nirmal says:

    Suppose i buy nifty CE 10350 at 80rs. 75 lot.when i sell this option any margin require?

  265. Dileep says:

    Dear Sir,

    Have bought 3 lot future Rec at 175 and at same time bought put 175, 180, and 185 each one lot.. so by calculating the maximum loss is 1.1 lakh for expiry..
    Now the price is down by 10% after I bought… Intially I had 4 lakh amount.. now I’m short of margin.. as the loss is compensated in put.. will zerodha square off my position…?? Or will it allow till expiry… ??

  266. Priya says:

    Sir, Can I sell stock option & hold it till expiry?

    Eg,
    Sell PNB Nov 250CE at 10.60 on 05/11/2017
    Buy PNB Nov 250CE at 07.60 on 10/11/2017
    Is it possible? 🙂

  267. Pradeep tak says:

    Sir mene margin calculator m check kiya.. 1 lot of pnb futures long hedge with1lot of pnb 190put option buy and sell 1lot of pnb 205call….combined margin require 2,26,000 and niche brackets m arha total 3position ka 5,28,000…..to mje trading account m kitna balance maintain krna hoga all 3position k liye…528000 or 226000?

  268. Bhadresh says:

    Margin amount kitne din me account me add karni hoti hai?

  269. V.MANIMARAN says:

    HI Sir
    If i take overnight short straddle position on Equity shares say
    SELL DISH TV OCT 72.5 CALL
    SELL DISH TV OCT 72.5 PUT
    Should i get any margin benefit for these short positions or the margin will be the sum of individual short positions. please clarify me.

  270. Satyam says:

    Premium amount not showing in calculator for options

  271. P J Govind says:

    Hi,
    Please clarify if for covered calls ( buying shares in cash and selling CE) is there any margin reduction? Thanks

  272. NITESH SHARMA says:

    Hi Nithin,
    Weekly Bank Nifty Span calculator is not updated ?

  273. Anand says:

    When I calculate margin requirement for NIFTY futures. I see your margin calculator is using 5% as span/inital margin. However according to my knowledge span/inital margin for Nifty is 7.1%. Kindly tell me why are you using 5% for as span / initial margin?

  274. Happy Guleria says:

    Hi,

    I have a query and would need clarification. Why do we have two different margin calculator for Future contracts for Equities (One being under Equity Future & Other being under NFO) ? Suppose I would like to calculate the margin required for TATAMOTORS future contract, should I use “Equity Margin” calculator or should i use “NFO –> Futures—> TATAMOTORS” ?

  275. Ranjan says:

    Hi Nithin,

    Thank you for your wonderful services. Since margins are decided by the exchange and varies based on underlying, can you help me find the required percentages for all the equities on NSE? NSE must be providing a spreadsheet but I’m not able to find it on their website.

    Thanks.

  276. Sai Pratap says:

    Hi Nithin,

    Can i expect bracket order facility enabled on MCX also?

  277. Sanjay says:

    Hi,

    When I try a combination of buying and selling and option there doesn’t seem to be any benefit.
    For eg:
    Buy Nifty 9900 PE
    Sell Nifty 9500 PE
    Ideally there should be no margin but it is asking for 45000

    Can you please help?

  278. B Raj says:

    Hi Nithin

    Re — Nifty and Banknifty Option Selling

    F&O Margin Calculator alli 3 lots Banknifty 25000 CE Selling ge Span Margin Rs: 1,00,194 anta thoristaa ide and Total Margin Same Rs: 1,00,194 thoristaa ide….. Exposure Margin Zero anta thoristaa ide.

    Enaadru Technical Problem idiya or Exposure Margin Option Selling ge bekaagilva??

  279. ashutosh says:

    Sir, kya ye margin calculater jo dikhata h zerodha use real me deta h means if a idea share pr vo 7× dikhata h to vo milta hai ya bs simple calculater hi h plz reply…

  280. SUBRATA MUKHERJEE says:

    Why NIFTY nrml margin is showing 75000, where as I found that it’s in samco 60000. Why this difference?

  281. ZH3972 says:

    Ok..so this would seem very amateurish but I am kinda new and learning…so please forgive me.

    Just wanted to know when we do intraday trading using MIS we are given more leverage by Zerodha which in turn enables us to trade with more volume of shares. Now when we square off our positions, how much of the profit earned, is deducted by Zerodha i.e. apart from the brokerage?

    e.g. I have Rs. 50/- in my account. I get another 50 from Zerodha as MIS leverage. Now with the total of Rs. 100/-, I buy 100 shares of Re. 1/- each. I sell them at Re. 2/- per share (Rs. 200/- total). Profit earned is Rs. 100 (200-100). Now how much would Zerodha deduct from the Rs. 100/- profit earned.
    (For the sake of simplicity, let us assume brokerage charges are nil.)

    My apologies if this seems silly, but I had to ask. Thanks.

  282. krishna says:

    Karnataka Stamp duty….ooo1% For Crudeoil but zerodha brokerage calucalator showing 0003…,,,Taxn charges…showing…also More…………

    • Venu says:

      Earlier, the rate of Stamp duty was 0.01% subject to a maximum of Rs.50 per contract note. The Govt. has revised the rate and the new rate is 0.003% with no cap on the upside.

  283. srinu says:

    hi sir, i am using spread orders
    i want to
    buy 2 lot atm banknifty calls (weekly)
    buy 2 lot atm banknifty puts (weekly)
    sell 2 lot otm banknifty puts (weekly)
    sell 2 lot otm banknifty calls (weekly)
    my accout size is 160000 how can i get margin on spread orders (NARMAL ORDERS NOT MIS)

  284. Varsha Rekhani says:

    ID DR2746. For 1200 Nifty Fut of Aug 17, I was asked for Margin of 11,86,004.55. Per lot of 75 Nifty it comes to 74,125.28. Your calculater shows margin required as 60,657. Pl. check & rectify.

  285. MANGESH says:

    HI SIR
    I want to quires about bank nifty option calculator only for INTRADAY

    Exp = IF I BUY 1 LOT OF BANK NIFTY 13 JULY EXP -CALL OR PUT OPTION

    AT 220 THAN ZERODHA CALCULATOR SHOW TOTAL COST IS 8829 PRICE IF

    GO AT 0 .

    THAN MY QUESTION IS

    ANY OTHER CHARGES WILL BY TAKE ZERODHA

    ITS ONLY I BUY CALL OR PUT ONLY FOR INTRADAY.

    THAN CALCULATOR CHARGES SHOW CORRECT or ANY OTHER CHARGES WILL APPLICABLE

    PLZ SUGGEST OTHER SOLUTIONS ALSO

  286. dhanendrs says:

    sir,
    i tried to sell bank nifty 1 lot of august and buy 1 lot bank nifty july. order not executed, full margin was asked for.
    is it so?

  287. Dev says:

    Hi,
    Is margin benefit available for commodity contracts in mega and mini quantities? I have one Long june17 copper contract and four Shorts in june17 copper Mini Contracts. Your margin calculator puts the margin requirement for this hedged position around Rs.9,000/-. But I an not able to take fresh positions since I get message of inadequate margin though I have funds of around Rs.40,000/- in my account. Can you guide me on this point?

  288. Bibin says:

    Hi,

    Tell be how the margin benefit works when we go for a covered call, do we need to have the full margin benefit or will there be any margin benefit.

    Thanks
    Bibin

  289. tanmay karkhanis says:

    hi Nithin,

    yesterday i shorted 10 lots each of 9600 call and put.
    i was charged the margin for 20 lots.

    But actually when we short both call and put of same expiry, v should pay the margin for only 10 lots and not 20.
    At least this is wht my previous brokers used to do. So why do zerodha charge margin for 20 lots?

    • Venu says:

      Margins are computed using the SPAN method by the Exchanges themselves. When you write options, you’re potentially making unlimited losses, that’s because, let’s assume when the markets move up significantly, your profits in the short put contract will not be enough to cover the losses you make on the short call contract; because when you write options, your profit is limited to the extent of premium collected. This is why higher margins get charged.

      • Tanmay karkhanis says:

        I know the risk man..
        My question was if motilal oswal, emkay etc charge margin of one lot for shorting one call and put then why r u charging double that margin.
        You are trying to be extra safe then.

        • Tanmay, margin requirements for these positions are determined by the exchange and not broker. So it has to be the same across various brokers, atleast on overnight positions (brokers offer varying intraday margin requirements).

  290. Akshay Hire says:

    What is the margin requirement for trading NSE Bond Futures. Asking this bcoz i could not find this on zerodha margin calculator

  291. sahil says:

    what is the margin required in intraday nifty option selling

  292. Maulesh says:

    I want short nifty 9500 call & put also around 10 lot .means 750 call& 750 put month of december 2017 expiry…@ total primium 750. So i receved rs.562000 something.
    What is the total amount paid by me for margin.
    Thanks

  293. Shivam says:

    Hi,

    Can you please help me out.

    I have 300 NIFTY Put options. Why am I required to have a margin when I am trying to close my position? I didnt face this when I made the same trade for the call options I had.

  294. vnr555 says:

    what is margin benefit in margin calculator, which is appearing in green.

  295. SSGAYEN says:

    Either it does not work or language confusing. If today I want to Jain Irrigation 1 lot 105 CE total margin requirements not displayed.

  296. Koduru says:

    Please let me know the margin required to trade one lot of nifty futures , one lot of bank nifty futures,call option selling a lot,call option buying a lot,put option selling a lot,put option buying a lot .All the trades done for intraday. you can substantiate by giving examples

  297. shashikumar says:

    My problems is I have purchases a future position say HAVELLS at 590 and stop loss at 581. I have paid margin as per your margin calculator. Actually it is blocked at those rates. Now at the end of the day the price of future is 589, stop loss is not hit.

    What will be the status of this position. Whether it will be carried next day or will be squared by the RMS at the end of the day.

  298. Shyam Pandit says:

    I noticed there is no exposure margin for options writing on the index for example. Is that accurate?

  299. Mr. Anant says:

    Res Sir, today dated 01/04/2017 I was checking the required margin money for Monday’s trading, but there were shows only Span margin not Exposure margin, is it changed? from now we can trade with Span margin only?
    Thanks.

  300. Rajkishore Gandhi says:

    Dear Sir,

    I bought one lot of HIND ZINC Mar.Fut.for which I paid margins as per your norms,later I bought 5 lots of Call option of the same stock @avg.price of Rs.1.99. When total premium is already paid in advance,I am unable to under stand why too much margins are being blocked by RMS.

    I will be highly obliged,if explained reason behind it.

    With regards,
    Rajkishore Gandhi.
    Client ID DR 6991

    • Margin requirements are actually determined by the exchanges. If you have bought futures and calls, the risk goes up and hence exchange starts blocking more margins.

      • Rajkishore Gandhi says:

        Thanks for your prompt response,but I am not satisfied with your reply.I have an account with ICICI DIRECT too and did the same practice,but no additional margins blocked. Though I have a very little knowledge in this matter but whatever I read in your Zerodha varsity I believe that my risk is limited if I am a buyer of call options then what is the justification of blocking more margins.

        We are having 3 accounts with Zerodha,in the name of other family members and trust that you are the best broker among the available lots,but regarding margins it is a concern.

        Hope you will look again in the matter,and may be able to provide better solution.

        With high regards,

        Rajkishore Gandhi.

        • Raj, this margin blocked is absolutely out of our control.If you took the exact same position, you would see that margin blocked will be the same. That is because exchange blocks this.

          • Rajkishore Gandhi says:

            Dear Nitin,

            I trust you people have adequate knowledge on the subject,but still I request you to please have a thorough look in to the matter again, there must be some flaw.I am unable to understand, how exchange can set double standard for two different brokers?

            Hope you mat not take it otherwise and explain me in detail.

            With due regards,

            Rajkishore Gandhi.

            • Rajkishore Gandhi says:

              Dear friends,

              I am still waiting for reply.

              With Regards,

              Rajkishore Gandhi.

              • Rajkishore Gandhi says:

                Dear Sirs,
                Should I hope to know the correct answer,or forget.
                With regards,
                Rajkishore Gandhi.

                • Venu says:

                  As Nithin’s said, margins are computed on a portfolio basis by the Exchanges using the SPAN (standardized portfolio analysis of risk) software. We don’t determine the margins, the Exchange do, so there’s little that we can do to help you.

  301. ANKUR says:

    Sir, my query is whether sbi n5 or n6 series bond traded on nse can be given as margin for FO trades for intial and span margins??

  302. Tushit says:

    Hey Nitin!
    Can you please explain Span & exposure Margins calculations with simple example. How do exchanges calculate it.

    • SPAN is a trademarked product by CME. NSE has licensed this out from CME. You can check this link on SPAN methodology. Exposure margin is charged over SPAN by NSE to give some leeway in case of MTM losses of clients.

      • Tushit says:

        Thanks for the reply, that’s pretty informative.
        Would you be so kind to help me out understanding the scenario:
        I”m new to options shorting. Would like to know about, when the positions could be squared off. Is it like the way we do when we buy options (any time square off)? Is it also possible to write options on the day before options expiry?
        Request you to please refer me some pdf to understand it better. I’ve been to varsity on the same. Need insights to practical approach.

  303. ARYAN says:

    HOW MUCH MARGIN IS REQUIRED FOR SHORT SELLING INDEX OPTIONS INTRADAY BY USING MIS INSTEAD OF NRML??? MARGIN REQUIRED FOR SHORT SELLING BANK NIFTY OPTIONS IS AROUND 50,000 PER LOT FOR NRML INTRADAY ORDER BUT IF I USE MIS INSTEAD OF NRML THEN MARGIN REQUIRE 20,000 PER ORDER (40% OF NRML) OR MARGIN REQUIREMENT STILL REMAINS THE SAME AROUND 50,000????

  304. RT says:

    Span Calculate not showing Option prices and its margin requirements, Please correct it.

    • Seems to be working correctly. If you are trying to find margins for buying options, it won’t show because buying options doesn’t have a margin requirement. You will need 100% of premium value to buy it.

  305. Vikash says:

    Hi, If I have a lot of petronet futures bought at 380 expiry of 23rd feb 2017 and sold a lot of 400 Call @ Rs.6/- what would be my net margin obligation.

  306. Swap says:

    Hello,

    From where to calculate margin requirement for bank nifty weekly options?
    In Zerodha margin calculator only monthly options are available.

    Thanks
    Swapnil

  307. Sameer says:

    Hi,
    In margin calculator “MIS” option not given (BO and CO are present)
    how much margin required if One Long Position is in Nifty but One SL order and Target order are open ?
    how to calculate this !
    thank you

  308. Saiful says:

    Hi Nithin ,

    Is there any plan to add Ichimoku indicator in Pi in near future ?
    I saw some posts from 2015 April here , where it was requested.

    Thanks,
    Saiful

  309. Amardeep says:

    Hi Nitin ,

    I am very new to Options and have a very fundamental question .
    I did not understand what is SPAN and What is Exposure in the margin calculator . Not able to correlate.

  310. Umesh says:

    Hi,
    Why is the margin calculator not considering the LTP? For ex, shorting 1 lot of SBI25JANCE260, the margin amount calculator takes previous day i.e. Thursday close of 2.6 as against LTP friday .65.

  311. Aayus Chelawat says:

    Hi Team,

    I use the F&O margin calculator to know the premium that I can get while selling options. Since the lower widget doesn’t shows the premium but only the margin amount, I have to rely on the right-side widget to know it. But it becomes tedious when I enter more than 3-4 options as I have to back-calculate everything.
    Now when I press the reset button, it resets it back to the original and I have to select all the way back, thus becoming inefficient as it consumes a lot of time.

    Could you please look into the following features so that the calculator becomes more efficient in working:
    1. Reset button to set the values to zero of quantity and price and not product/symbol
    2. The widget lower than this calculator should show the premium received for each individual option apart from the margin requirements.

    Looking forward for your response

    Regards,
    Aayush Chelawat

  312. Deepak Bhatia says:

    I checked for margin blocking for writing Bharti Infratel 360 call. Margin calculator is showing only span margin and zero exposure margin. But if I choose hdfc 1260 call writing it’s showing both span and exposure margin. How it’s possible. Can I get list of all option contracts where no exposure margin is required.

  313. omkar sulakhe says:

    Hello ,

    i have some query doubt on wring/short stock option call

    can write any month of expiry call like

    now its month of jan and i have write/short call of march is it possible
    and how much margin required for write this call

  314. khemchand says:

    Is this your margin calculator working correctly? i have input to buy one nifty put of 7000 and it is saying 48000/- margin.

    Also let me know how much margin you are charging for shorting nifty options

    Number three i want to know how much margin you are charging for Nifty buying and selling?
    I only trade in Nifty.

    And other traders are giving to trade for just 30000/- margin money, whereas your software is saying 48000/-

    Also clear how much margin you are giving for intraday and how much for delivery in cash segment ?

    Many brokers are giving 20 times intraday and 10 times delivery for 7 days carry over.

    I want to know the above details.

    thanks,
    investor and trader both.

  315. khushal says:

    If i have 10000/- rs in my account can i brought one nifty lot at zerodha……

  316. mohan says:

    Hi sir,
    In options when we are entering into a position ,what is the amount we have to pay whether it is the strike price or the premium and where shall we find the premium amount for a particular strike price.help me on this

  317. abimanyu says:

    Hey I am new to market. I bought the commodity ALUMINI17JANFUT @ 117.75 on november 30 as NRML. First i credited the amount 10k to the commodity account and bought it so my balance after call was 4653. But on next day, i got the reversal amount and also was debited an obligation amount (loss) and also a new margin amount was debited. So i get a new low balance and this happened every three day. I didn’t sell the call anytime. May i know what is this? And everday a new margin amount is debited and if i make a loss in a day my balance is reducing. Can you explain this?

  318. ST says:

    Hello,

    I am trying to BUY SUNPHARMA-17JAN future (1 lot, NRML position…not MIS) and as per margin calculator total margin required is appx 64k, however, when I placed the order it was rejected for reason that margin is insufficient.

    Does anybody knows what’s wrong here?

    here is exact text for rejection –
    ORDER TYPE – LIMIT
    PRODUCT / VALIDITY – NRML / DAY
    TIME – 2016-12-05 09:49:04
    STATUS – REJECTED
    STATUS MESSAGE – rms:margin exceeds,required:122547.50, available:89693.24 for entity account-?????? across exchange across segment across product

    • ST says:

      Never mind, I figured out what’s happening and also fixed it.

      I had earlier placed equity buy (limit) order worth 60k thereby reducing cash available for margin to 29k (89k my cash available – 60k blocked for equity order), so as soon as I cancelled the equity buy order, I could place future buy order successfully that required around 63k margin.

    • Best to send such account specific queries to [email protected]. I am guessing you might have another pending order which is blocking margin.

  319. b_karthick says:

    hi nithin,
    its ok if you don’t add weekly options. but please confirm if there will be a margin benefit if long on weekly banknifty and short on monthly.

  320. Minhazul Islam Sk says:

    Say I have sold puts Dec 29, 2016 on SBIN, I got 750 INR. My total margin required : 105120. Strike is 200.

    Q1. If stock moves towards 200, the put value will increase. Now, if stock stops at say, 225 on 29th Dec. So, I will get full 750 right?

    Q2. What happens if stock ends at 199. That means I have to buy 3000 shares of SBI at 200, but my account does not have that money. So, how much money I loose. Is it the money = diff(put option at that time – the put option value I sold now)?

    Q3. If by some glitch, stock drops to 190 overnight for even say one minute, now, If I get exercised, what happens?

  321. Darshan says:

    Hi – Please add weekly bank nifty maturities in margin calculator. Thanks

  322. harish giri says:

    sir case market me nse par margin nh h kya

  323. Raju says:

    Hi,

    When will be the premium will be credited on call writing and how do you calculate the margin benefit
    Regards
    Raju

  324. vijay says:

    Hi, What will be the margin required for selling premium/options on Intraday any additional leverage if We traded with Bracket-order or MIS?

  325. Hemanth Shenoy says:

    how i can check the Margin for Bank Nifty weekly selling- the call option?.. in Zerodha margin calculator under the contract drop down the weekly contact is not sowing. Please help me on this..

  326. Niranjan Jena says:

    Please include Bank Nifty weekly options in your symbol list. Also provide MIS and Normal margin calculation option in FNO margin calculator.

  327. imran says:

    hello sir,

    when I m am trying to use options product for particular script its not showing any combined margin requirements for call and put option. so kindly please let me know what I am doing wrong.

    when I try to see futures combined margin requirements its getting displayed.

    Regards,
    imran

    • Venu says:

      There’s no reason for it to not show. Can I know what options you’re trying to add?

      • imran says:

        this is is how its showing below well sorry there is no option to post the screenshot here.
        if am trying to buy the script I m illustrating it.

        Exchange
        NFO

        Product
        Futures Options

        symbol
        reliance 27-oct-16

        option type
        calls

        strike price
        1120

        net quantity
        500

        then I am trying to add

        down I m choosing buy option

        below last displayed msg is this

        NFO x
        RELIANCE16OCT Options 1120 CE 500 B N/A N/A N/A

        • Venu says:

          I think you’re trying to calculate margins to buy options. When you buy options the margin requirement will always be equal to Premium*Lot Size. SO if the premium for 1120 CE is Rs.18/- the margin required will be 9000 (500*18).
          You can use the margin calculator to compute margins to short options. Select the Sell option instead of buy.

        • imran says:

          well query is solved thx for the help.

  328. mahesh patel says:

    Hello,
    I usually trade on a intraday future basis.
    Tha margin calculator is for a one month expiry.
    If i want to trade on intraday basis do i get better explosure and less blocked margin.
    I usually trade nifty around 10-15 times in a day with lot size of 50 to 80. Please let me the know the best solution.

  329. BHAWANA JAIN says:

    Suppose MTM loss is more than free cash allocated (say by 5 %) in middle of the day…..and at the same time margin due to collateral is available much more than the MTM losses…. & there is no MTM loss at the end of the day. Will the position be sqauared on auto?

    In other case, suppose MTM loss is more than free cash allocated at the end of the day…..and at the same time margin due to collateral is available much more than the MTM losses….what will happen…shall I be given time (how much) to transfer funds for MTM loss.

  330. khalid says:

    what would be the margin requirement for box spread with below price?

    long 8300 CE @ 570.05,
    Short 9200 CE @ 1.35

    long 9200 PE @ 324
    Short 8300 PE @ 1.6
    Qty is 100 or 1 for example

    thanks

  331. c s susheela says:

    I am interested in options that is selling ( equity and nifty and Bank nifty,but not the indexes) Regarding calculation of margin I tried your with your calculator. I cant understand what is Span margin, Exposure margin and Total margin. Which one of these amount I should have in my account for carrying on option that is selling equity and Nifty and Bank nifty options and not index trading. Pl. clarify.

  332. Karthikeyan says:

    I want to buy OCT 2016 Reliance futures at CMP – 1100 for which your margin calculator says the Initial Margin(IM) is Rs 41000, Exposure Margin(EM) is 27000 and hence the Total Margin Requirement is Rs 68000 (IM + EM), I have a question. Does the above mean, that I need to block 68000 to execute the trade? secondly, if I block 68000 and execute the trade, and carry it overnight (NRML), what will be my total loss in case of market crash – will it be 41000 (assuming Reliance, having a lot size of 500 goes down by Rs 82 on its opening) or the full 68000?

  333. Nilesh says:

    Do i get margin benefits? if i am holding the underlying security in my demat?

    Example:
    Demat holding: 1000 Cipla
    Future sell: 1000 Cipla

    how much margin i need to pay?

  334. DIPESH PATEL says:

    jay shri krishna
    thanks for reply,
    IN MARGIN CALCULATOR PROBLEM IS NOT ACCURACY BUT IT DOES NOT WORK.
    BRACKET ORDER MARGIN CALCULATOR SHOWS PERFECTLY, BUT F&O MARGIN CALCULATOR DOES NOT CALCULATE CALL OPTION MARGIN

  335. DIPESH PATEL says:

    THANKS FOR REPLY AND MAIL
    SIR I WANT TO CALCULATE MY SELF IN RUNNING MKT. HOURS.
    TILL TO DAY MARGIN CALCULATOR DOES NOT WORK, THERE IS A PROBLEM IN IT OTHERWISE MY MISTAKE,WHICH EVER FROM BOTH PLEASE SOLVE AND GUIDE ME.

  336. DIPESH PATEL says:

    I HAVE USED MARGIN CALCULATOR BUT DID NOT RESPONSE PLEASE GUIDE, NIFTY SEPT-16 (8950) (75LOTSIZE) CE

  337. Adithya says:

    I was trying to calculate the SPAN margin based on the rules stated on the exchange website for the following two cases , and I wasn’t able to tie out with the above calculator :

    1) Short ATM call + Long future (same expiry) : Risk-wise this is the same as an ATM put, so am not sure why the SPAN margin changes at all. I understand there is execution risk, but I see nothing on the exchange website to account for this?

    2) Short ATM call + Short ATM put : Technically the risk for any one shock does not increase when we go from a short call to a short straddle. So SPAN margin as per the calculation rules on the website should not change. But I read what you wrote elsewhere about execution risk, so I agree the SPAN should be higher. Just don’t see the rules to take care of this

    Any light you can shed will be much appreciated 🙂

  338. Kyle D'souza says:

    How do I calculate the margin requirement for BANKNIFTY weekly expiry contracts? I could find only the near, next and far term contracts in the F&O margin calculator. Also, how do I calculate the margin required for long-dated NIFTY options?

  339. Prithvi says:

    I’m a newbie into all this options trading. Even so, if the margins for an option spread are THIS high, it defeats the purpose of the spread. Forcing the traders to play singles? I dunno, but sir, can your community not push for a better scenario. Across the world margins are half of the actual position. Here its at least thrice the position!

    • Prithvi, margin requirements are regulated by exchanges. Exchanges charge margin based on worst possible scenario.

      • Prithvi says:

        Of course sir, I have read a few other queries posted above, so yes, the margins are decided by the exchanges. I wasn’t questioning your motives sir. If anything I’m a fan of the transparency you guys provide, which is why I requested if your community (either Zerodha or the entire brokerage domain) might be able to fix the scenario. It may not happen any time soon, but I plan on trading for a while 🙂

        PS : Sorry if my previous query was obscure.

  340. Smitha says:

    am new to trading on PI. where can i check margin requirement before placing order. Do i always need to go on webpage ‘margin calculator’ or it can be quickly checked on pi itself?

  341. Prashanth K says:

    Nitin,

    Currently the margin showcased is based on current prices. Can you incorporate (a approximation if necessary) a What If Analysis where I know the margin based on if Nifty moves say 100 / 200 points either way (this becomes useful in strategies such as Straddle / Strangle where one leg can first become At the Money and then Out the Money unless its adjusted).

    Thanks

  342. Pankaj says:

    Dear Nithin,

    I want to trade in BNF weekly expiry Options.

    You have not yet enabled MIS Option selling, and intraday margin benefit is also not there. When are you enabling the Intraday margin for the same?

  343. garg10may says:

    Hi Nitin,

    I am trying to place the below order from the Kite, 20 lots.
    long Nifty Jun 7800 PE
    short Nifty Jun 7900 PE
    Even if there is no margin the maximum loss for this position shouldn’t exceed 1.5L but my sell order is getting rejected saying Margin required is 7+lakh. Same is being shown in the Margin Calculator tool, why is it so?

  344. SHANKAR says:

    Why is there no option to calculate Span Margin for BN wekly options?

  345. Sandeep Deepak says:

    zerodha… provide 5day margin for stock trading…

  346. RAJESH SANGHAVI says:

    NSE FO. MARGINS ARE DIFFRENT FOR T+0 AND T+1 ? CAN CLARIFY

  347. Durgesh says:

    Hi, suppose i have bought a call of nifty 8000 at 25 and at the end of the day premium falls to 20 but i want to
    take overnight position. Will this 5 rs be adjusted at the end of the day.

  348. Shikhar says:

    Hi.
    Do you think we have the provision to lower the margins for credit spreads in India? For instance
    As on May 3, 2016, I sell infy 1240 call at 10.5 and buy infy 1260 call at 7.3.
    My net credit is Rs. 3.2, and maximum loss is (1260-1240) + 3.2 = Approx 17. So with 500 lot size my maximum loss is Rs. 8500. So margin required should be around 8500. But its showing 76000 when i check on zerodha span?
    Thanks & Regards

  349. tarak says:

    some times span calculator does not work. I’ve a screen shot to show this..Not able to attach here.

    tarak

  350. vishal kumar says:

    sir, if I trade through MIS or intraday same margin are required as positional trade.. if margin required for intaday as positional trade … so what the use of that 40% leverage amount….please clarify…

    t

  351. Ankit says:

    Hello,

    Please clarify me that if I buy 10 Lots of XYZ @ Rs. 5. in one order.
    and one lot purchased at 9.30 am, one at 9.40 am, one 9.50 am so & so.
    then will the brokrage be same at Rs. 20/- flat ? order something else ?

  352. DeepWater says:

    For this Iron Condor, The Max Risk is 15000. Why is zerodha charging very high margin. Could you please provide better margin for such trades. This would give better ROI for traders.

    Thanks

  353. projjwal says:

    Hi Nithin,

    If i write an option, should i need to keep the total margin in the account? And if i can keep the total margin can i hold the shortsell position for 25-30 days?

    e.g. if i want to sell/write 1lot nifty 31st March 7400CE on 25th Feb keeping the total margin (37400 INR using the SPAN calculator) can i hold it for 25-30 days and buy it on the 4th week of March?

    What if there is no Open interest for that lot at that point of time?

    • Yes, you need to keep total margin, and yes you can keep it till expiry. If you have entered the contract, it means there is OI. While exiting, if there is no liquidity, it is just let expire.

      • projjwal says:

        Hi Nithin,

        Thanks for your quick response.

        I have another question. If i don’t have the margin but try to write an option, will the system block the transaction or a penalty will be incurred for that?

        • Venu says:

          Ideally the system will not allow you to place the order in case you’re short of margins. In case it does, the onus of maintaining enough margins vests on you, failing which penalty will be levied for the deficit margin.

  354. Sushil says:

    Nifty Options margin for Intraday trading:

    Scrip: NIFTY 25-Feb-2016 7100 CE costing 121/- each.
    Pre-condition: Say I have 1,00,000/- as cash position and there are no orders placed.

    How much max quantity I can buy in such scenario, and pl keep in mind I will be squaring off the position at end of day as well so that I will not be breaching the margins. Pl note I will always be buying CE or PE as first order and then squaring off before EOD, so no short-sell Nifty option order.

    How I wish that Pi software does this square off automatically at user given time say I want to square off all pending orders @ 15:27 hrs or say 15:28 hrs but for sure before 15:29 hrs as volume/liquidity dips around that time.

    • Venu says:

      Each lot will cost you 121*75 = 9075. So with a lac you can buy upto 11 lots. You can set the order type as MIS (for it to get squared off at 3.20 pm) or NRML (to carry forward the position to the next day). Time based orders aren’t available yet.

  355. Milind Khatavkar says:

    Hi Nitin,

    I wanted to know the margin amount required for “intra day” trade for Nifty or Bank Nifty option writing.

    Thank you,

  356. Devang says:

    You Span margin calculator tool is excellent. I have some query in it. Can I upload Position in Excel and calculate total margin? Can it be possible to include Equity.

  357. Anoop Gadia says:

    Dear Nitin,
    I have read your story and your vision related to brokerage and new trading tools.

    I become marketing partner with you and also open my account with you to check your services before moving my client to Zerodha but i am not happy with you support team which is not working with your vision.

    Following are the pain points:
    1. I have moved my account to NSE Now but support team not added bank account and after follow up with them 4 to 5 time they move me to kite again but while mean time i can add money and due to 5 day delay form your side they square off my positions which is not my fault, i am ready to pay but they not given me any portal.
    2. Current issue i have USD short in my account with SPAN + EXPOSURE margin. one day before i have positive cash but due to market movement in the middle of day my cash is reduce to -900.00 mean total of SPAN margin and EXPOSURE margin is less by Rs.1000.

    as per my understanding if MTM is there than it may adjusted with exposure margin for the day and person can add money next day but with out my knowledge your support team square off my positions in middle of day only for Rs.900 even i have full SPAN and Exposure margin.

    I need clarification on this matter. i discussed with support team but no satisfactory answer received. also they are not giving any response.

    Regards
    Anoop Gadia

    • 1. Hmm.. on Now the payment gateway is available only for Axis and HDFC. You will have to do NEFT/IMPS if you have other banks.
      2. Any MTM losses below the SPAN+Exposure has to be met the same day. Exchanges block the entire SPAN +Exposure all the time from the broker. If margin in the account goes below SPAN on eod, exchanges even charge a penalty. Typically we don’t auto square off positions if margin in your account is above the minimum SPAN required. If your account balance drops by 60 to 70% from what is the money required for holding the position intraday, it will be auto squared off.

  358. Tatai says:

    Hi Nithin,

    Today I am trying to place 3 leg order. As per span calculator ,Rs. 36000 is required. But although I have maintain 40000 in account, order is rejected due to higher amount is required. Please not, my buy order is already executed.
    Thanks,
    Shibashis

  359. SKG says:

    I would like to know whether the requirement of 50% margin in cash and 50% by way of collateral is NSE/SEBI requirement or it is Zerodha requirement? This is with reference Zerodha communication dated 25th Jan 2016

  360. ashish Gupta says:

    dear sir

    Please explain the margin required in Stock option
    eg 1-if I buy 1 lot call option HDFCbank jan strick price 1040ce at 12.30 when(hdfc price is 1038) then what is margin reqired . is that 12.30*500=6150 required or more
    2-if I buy 1 lot put option of cairn india of 100PE at 0.15 when ( cairn india price 117) then what is margin reqired . is that 0.15*3000 = 450 required or more

    please explain

    • Venu says:

      When you buy an option, margin required will always be: Lot Size * Premium payable. Your margin computation for both HDFC Bank and Cairn India is accurate.

  361. kalyan says:

    The margin benefit option is not working when you put in the money + out of money option combination, please check and rectify

  362. guptakl13 says:

    16418 : Order with Invalid attributes rejected by the system VKSPL-EQ

    • Hanan says:

      This is a rejection code directly from the exchange. It means that you’ve placed the order at a price or time or quantity which isn’t approved.

      1. Illiquid scrips in the Periodic Call Auction trade in hourly cycles, starting at 9:30. So from 9:30 to 10:15 (45 minutes) you can place orders. The exchange matches orders from 10:15 to 10:23 (8 minutes). Then there is a cool off time from 10:23 to :10:30 (7 minutes). This cycle is repeated 6 times during the day.
      2. Once you place your orders, you have to wait until the 45th minute for the exchange to start the execution process. Orders will be matched on price/time priority like always.
      3. If your order is not matched in a session, it will get cancelled and you have to place a fresh order again.

  363. Niket says:

    Hello nitinjisir,
    Today I have place 3L spread order nifty fut Jan buy ,sell nifty jan ce 7600,buy nifty Jan pe7800( giving manual price near around current price at that time),span calculator shows total margin around 54k,but when I place that order it gets rejected even though I have 69k,dying that margins require91k..why is it so..is it not enough to have total margin money or if it is required total margin and benefit together at the time of spread order 3L..

    • Niket, you get the margin benefit only once all the three positions are entered into. So you will need sufficient margin to enter these individually.

      • Niket says:

        Thank u nitinji.I would also like to know when it gets automatically square off in spread order.does i am able to know when spread orders gets square off.does exposure margin plays vital role in such situations??

        • If you have a calendar spread in futures, nothing will be squared off unless one of the contracts expire.

          • NIKET says:

            thank u,when i put 3L order why the message below gets. System could not complete your transaction- ADMIN notified
            even i have sufficient cash,is there any technical problem or i have put wrong method.buy nifty jan fut,buy nifty pe ITM,sell nifty CE OTM.

  364. kmsuryakumar says:

    HI Nitin,
    I am not able to put the below order.
    Using Margin Calculator for below orders, it is showing Total Margin: 23958 and Margin Benefit: 25526.
    NIFTY Jan16 7700 SELL
    NIFTY Jan16 7500 BUY

    I am having 60k in amount, definitely more than above combined.
    But,, when I am placing the orders in Kite, after placing first order, second order is getting failed with below reason, tried vice-versa, same error.
    STATUS MESSAGE
    RMS:Margin Exceeds,Required:73908.41, Available:60385.88 for entity account-DS5132 across exchange across segment across product

  365. Siva K Sunku says:

    Hello Team,
    I am not able to calculate the margin for same month expiry options in SPAN calC.
    http://zerodha.com/z-connect/queries/stock-and-fo-queries/zerodha-span-calculator

    e.g.
    BUY CE 7900 28-JAN-16
    SELL CE 8100 28-JAN-16.

    When I enter second one , first row is getting deleted. (If expiry month is different, then it is allowing).
    Please correct the same.

    Thanks
    Siva

  366. chandru says:

    Dear Nitin ,

    If i trade in Futures only , what margin is applicable in MIS Intraday .

    span margin or exposure margin or sum total of both ?

    chandru

  367. MADHAN says:

    FROM TODAY SPAN CALCULATER NOT WORKS ,MAYBE SYMBOL SELECTION TAG NOT WORKING,PLEASE CORRECT IT

  368. Gaurav Khandelwal says:

    I have selected put and call option for the same series with the same expiry and it is showing the complete margin without any margin benefit . As an example – 8000 CE and PE for Feb series shows margin of Rs. 2.10 Lacs while RKSV site shows the margin for 98K. Request you to look into this.

  369. BALAJI says:

    Dear Nithin,

    is there difference in margin for selling options for same strike but different expires.

    Attached snap shop from calculator.

    Please help me understand how exposure margin is calculated.

    Thanks.

    • Yes, the margin goes up the longer the time to expiry. The far month options usually have much more exposure margin. Check this link, point 16.

      For futures on individual securities and sell positions in options on individual
      securities, the exposure margin is higher of 5% or 1.5 standard deviation of the
      LN returns of the security (in the underlying cash market) over the last 6 months
      period and is applied on the notional value of position.

  370. Rajesh M says:

    Hi Nithin,
    When i hold stock of a company “ABC” and i want to write a call of the same company, since this is covered call would i get any margin benefit

  371. naidu says:

    sir, bank nifty option , strike rate 17000 call and put and nifty stike 7800 call and put –sell option for both and the carry overnight, please tell me the approximate the the margin money required.
    sir i am layman, so please tell me in figures..i dont understand your calculator.
    tell me approximate +- figure .
    waiting

  372. Satish says:

    Hi. I want to sell the nifty call option for strike 9000 date DEC 2016. Repeat DEC 2016. Pls let me know what would be the margin? Ur margin calculator does not seem to have this option.

    • Ah yeah, long dated options are currently not showing up. One of those things u can do currently is to place a limit pending order, and see what is the margin that will get blocked in cash positions.

  373. Harshit says:

    The Span calculator is not working. Pls fix it.

  374. Abhishek says:

    Hi Nithin,

    I know the lot size is increasing from November to 75. But has the margin requirement for writing options also increased? The Span calculator is showing that writing one 7000PE for November expiry will require Rs. 50,756. I would have thought that the margin required would simply triple from before, but this shows that the margin requirement has almost quadrupled.

    Abhishek

  375. Samaneh says:

    Hi Mr Nithin Kamath,

    Our company is in need of consultation in the filed of span methodology – to be used for option trading risk management.
    So it will be appreciated to inform us if such services are available by your company .

    Thanks.

  376. Shibashis says:

    Hi Mr Nithin Kamath,
    I have a query on below describe strategy:

    What will be the minimum account balance required for initiate this trade tomorrow (normal Order).

    Do, I need to place BUY order first as I don’t have account balance required for “total margin” SELL order?

  377. sabu says:

    Hello Mr Nithin Kamath,

    The issue raised by AYUSHSCZDH on 25 Jun 2015 at 12:18 AM is a serious one and you have not yet responded to it. I was in the process of finalizing opening of a trading account with Zerodha. But after AYUSHSCZDH’s comments on the limit money, I am forced to re-think about the same. A response to the issue by you will benefit prospective traders.

    • Have answered that query: Guess this issue had happened because you had looked at Q while the trade process was running in the evening. During trade process, one step is when yesterday’s margin gets debited and then new margin for the day is applied. If you would have looked at Q during this process, account balance would have shown wrong.

  378. Santosh More says:

    Hi,
    Please explain me the difference between ‘Span Margin’, ‘Exposure Margin’, and ‘Total Margin’
    Thanks,
    Santosh

    • SPAN margin is the minimum margin stipulated by exchange. Exposure is the margin over and above SPAN that exchanges ask broker to keep. Total = SPAN + Exposure, and total is what is required to take a position.

  379. M Karthick says:

    Is the NSE Derivative SPAN Margin same for all members ?

    • Yes SPAN margin is the same.

      • Mahadish says:

        Dear Sir,

        Sebi raises minimum contract size in equity derivatives to Rs 5 lakh.
        Could you pls. explain the above in little details.
        Say If TATAMOTORS Margin requirement is 25000 and lot size of 500 and current price is 400.

        What would be the changes to the above as per the new law?

        • If lot size is 500 and price is 400, the current contract size is 500 x 400 = Rs 2lks. The new contract size has to be Rs 5lks, so the lot size will go up to 1250, and margin required will also go upto around Rs 70,000.