4.Options offer you an ability to setup trading strategies for multiple market scenarios. Thx. Find following brief on how to use it: 1. I tried my level best to get hold of you with regards to your software and trading platform issues. it will save time as well. is there any other places in zerodha where we can analyse before taking an option strategy. No, this has expiry date as month end date, I have tried to buy on whole week but no luck. The margins required for weekly options will be roughly the same as required to the closest expiring monthly contract. i am new to options trading. I mean If I enter quote like nifty It should give all strikes of calls,puts,all expiries with greeks. 3. Also let me know whether we get statistics like POP (Probability of Profit), Volatility ranking and Max profit/Loss for these option strategies? Zerodha SPAN for option Writing/Shorting margins . does Pi or Kite has this option strategy tool? 4. If a 300 put was bought, and the stock price closes anything above 300, the entire premium the put option buyer had paid will become worthless. … but please make sure how i can start this setup. Advise you to go through Varsity. What are your future plans for Option traders. Monday / Friday Index Strategy; MCX 1. I have a query regarding call option writing. There’s a detailed module on option strategies on Zerodha Varsity here: http://zerodha.com/varsity/module/option-strategies/ which you may want to go through. Thanks for the clarification of question 1. Till then you’d have to use NSE option chain. Praveen, whatever value above 7300 Nifty closes on Thursday the expiry day, will be the value of your calls. An iron condor is typically a neutral strategy and profits the most when the underlying asset doesn't move much. 1. do you have any near plans to reintroduce it or can you suggest any tool like this? Hi , If you don’t sell, it will get squared off automatically. Is this for intraday or shall i carry till expiry… If that is for intraday, how much should i have to carry til expiry? i also don’t have an idea. then i can buy the same before EoD for 400 per lot. STT(Security Transaction Tax charged by the government) for Future is charged on the contract value whereas for options it is charged on the option premium. The strategy is called "Iron" as its construction is made with both calls and puts as apposed to a standard Long Condor or Short Condor where the legs are exclusively calls or puts. Will I lose my entire premium or just a part of my premium? Iron Condor. However, there is no details available when I am trying to calculate the margin requirement using the Zerodha Margin calculator.The weekly Bank Nifty Options not available in Zerodha Margin Calciulator Iron condor will consider as regular income from stock markets. Buy and sell together come up to 6 lakhs. At the market opening it is quite tough to call, it might sometimes be in your favor as well because of the higher volatility. It is available on Pi, the desktop platform. This article is very old. I wanted to know about the capital requirements of an Iron Condor and a Short Strangle so I went to Zerodha's F&O Margin Calculator. Check this: https://zerodha.com/tools/black-scholes/, Hi ZERODHA - Open Instant Account 5paisa - Flat ₹20 Per Order FYERS - Free Trading with 30 Day Challenge ZERODHA - Open Instant Account 5paisa - Flat ₹20 Per Order FYERS - Free Trading with 30 Day Challenge : Iron condors. As a result, the primary criterion for success is that you choose a stock that you think is likely to move as little as possible. chandramohan, It works exactly like the monthly option, all options in India are European. Design Own Options Strategy; Weekday Wise Strategies 1. How to check the profit potential? is not permitted. The iron condor is generally considered a combination of two vertical spreads—a bear call spread and a bull put spread. 1)There are two types of options available in the Indian market — European and American. Actually I was looking for Option Strategy Payoff chart. You can see exact margins for option writing/multiple positions on our SPAN calculator by simulating the trade. Index Short Guts; Index Long Guts; Index Straddle/Strangle 8. Okay, so exercising options in India has no meaning as all contracts are cash settled. Is there a way we can exercise the options in Zerodha Trader ? For options, the contract value is Strike+Premium * lotsize. http://zerodha.com/varsity/. 3. The long call condor investor is looking for little or no movement in the underlying. One question I always get from newer options traders is how you can possibly make a profit without getting … In case of zerodha has this features guide me how to use the same or is it in your pipe line for development or future release. Please tell if my thinking is correct. As I said, we are developing something, might take some time. These strategies ranged to suit an assortment of market outlook – from .. 8.1 – Choosing Calls over Puts Similar to the Bear Put Spread, the Bear Call Spread is a two leg option strategy invoked when the view on the market is ‘moderately bearish’. The main issue is funds in my account as it is just enough to cover the exposure of a particular startegy. If I buy 2 lots of Nifty calls for 25 and sell them for 30, my profit before any charges is 50*(30-25)=Rs. Our education initiative, has become quite popular. If you don’t know how please refer this link. Most people can make a tailor made template on their own, and also it can save a current spreadsheet to provide a template, and clean it upwards a good bit. Then we can look at entering from an order type standpoint. But when you write options i.e Sell first and then buy back, you have chances to make unlimited loss and hence exchange blocks margin similar to how they block in futures. Am I right or wrong in calculation. The F&O margin calculator does not have Banknifty option (weekly) expiry. In this case the investor loses the premium paid (i.e Rs 25*100 = 2500) which shall be the profit earned by the seller of the Put option.So, if cmp was 350 would the buyer still lose only the premium if yes, who does this remaining loss of (350-300) rest with. It will not have any value. An iron condor is an advanced option strategy that is favored by traders who desire consistent returns and do not want to spend an inordinate amount of … 2)How soon can I sell the stock after I exercise a call option? Hedging Tools 44. On our list to do. hi nithin At 3.20pm, when MIS is getting squared off automatically, there can be an impact of upto 1 point again. If there are no bidders, even if we put 0 or.05 the option is not getting traded. All options on India are now European. Phew, you are starting at the very basic. The strategy details and requirements for both strategies were as follows: Note: I used 1 lot for both trades. […]. As an example, if my view is that nifty will stay in the range of 5800 and 6200 for this expiry(NOV 2013). Sorry , a correction in the last one ” the remaining loss of (350-330) *100 = 2000 rest with”. Regarding question 2, I have sent email with screenshot to support yesterday around 11:00 AM but till now no response even support ticket is not generated. Not for now, it is not available on Zerodha trader now as well. Check this section that will explain you all the option greeks. Thanks for your response. You can similarly select other weekly options. I am not able to see Option startagies in Nest platform. An Iron Condor is a 4 legged option combination where all legs are bought/sold in the same expiration month. Thanks in advance. please check all of the errors and whole strategy thoroughly once, strange that no one has pointed out these things even after yr strategy has been online for such a long time.. Hi… What this means is if you buy and sell 1 lot of nifty futures at 6000, the turnover generated is Rs 6lks( 3lks+3lks). An iron condor is an options strategy that involves buying and selling calls and puts with different strike prices when the trader expects low volatility. No, when you short options, the margin blocked will keep going up when in loss. The option chain bit will take a little longer. Most of the time we see that during the last few minutes the market varies allot. Start at the futures module. There are many option trading strategies with defined risk, one such option selling strategy with proper hedge is Iron Condor. http://zerodha.com/varsity/module/option-strategies/ is definitely a good place to get started. Lead - Zinc; Index Collar 2. Where will the market go is your call to make, but you can sell the calls whenever you want, there is no need to wait till expiry. Monday / Friday Index Strategy; MCX 1. https://www.nseindia.com/live_market/dynaContent/live_watch/option_chain/optionKeys.jsp?symbolCode=-10006&symbol=NIFTY&symbol=NIFTY&instrument=-&date=-&segmentLink=17&symbolCount=2&segmentLink=17, when i buy my bank 9thmarch option it always used to say margin exceeds Kindly advise me when options strategy can be created and traded in the current month. Also there should be columns for Option Greeks like Delta, Theta, Gamma which are updated in real time with the Option prices. But I see some trades such as: XYZ purchased NIFTY16JUL8400PE NFO @ ₹ 21.0, and I am unsure where actually this was traded. 2. please elaborate. Lakshman, best to send your account specific question to [email protected] with your client ID. I already have acc with zerodha for Day trading. For holding a future position, you would need NSE stipulated margins which would work upwards of Rs 25000 based on what future contract you are trading whereas in options a trader with even Rs 100 in his account could take some kind of an option position. 1. 2. Please help me to understand that why Bank Nifty weekly option price of February series is very high. Confused with your question Praveen. We should have it up in the next two days. Hedging Tools 29. The Bear Call Spread .. 9.1 – Background We discussed the “Call Ratio Back spread” strategy extensively in chapter 4 of this module. Like an iron butterfly spread, the spread of iron condor strategy contains four legs that mean traders require placing four orders with their broker. Hey Venky, the margin requirements are defined by our RMS team based on the liquidity and prevalent market conditions. Hi Zerodha, Dilip. 3)If you exercise an option, the settlement occurs in three business days, just as if you bought or sold stock on an exchange. So Ensure that the option contracts mentioned is available on the market watch as mentioned in point 2. 1. Sumeet Nagar says: On 11-12-2014 I bought PUT 8000 (Exp: 29-1-2014) 400 Qty for Rs. The iron condor strategy can also be visualized as a combination of a bull put spread and a … YOu can also go to the admin positions link, and click on the square off option. Kindly clarify. It can create confusion especially in BANKNIFTY which has weakly and monthly expiry while NIFTY has only monthly expiry. For Futures, you can sell and hold until expiry by paying the margin amount for holding that short position. The article was titled “Why winnin .. 2.1 – Background The spread strategies are some of the simplest option strategies that a trader can implement. Positions like the above will have margin benefits as they are partially hedged.*. I too cant emphasize enough the need for Options Chain in Kite and Pi… The calls and puts should be directly tradeable from the Options chain. (go to help menu, and click on check for updates) I am an unsatisfied customer and now started looking for other options. If Nifty closes at 7400 it will be 100 and if it closes below 7300 it will be 0. Again on that day premium came to 80 and I buy and exits. Now convert all of them to NRML, this way u will be able to get into the strategy with lesser margins. Index Bullish Collar; Index Bearish Collar; Guts 2. Option Strategy is a tool which we have introduced on Zerodha Trader which suggests you and helps build option strategies. b) What in the margin to ‘Sell 6200 Nifty Feb 2013 call’ ALONG WITH ‘Buy 6000 March 2013 call’. If you buy using NRML you can hold it till end of expiry, if you buy it as MIS, it gets squared off at 3.20pm. If no, just for an idea , when can we expect to trade these? An iron condor is a trade of two “credit spreads”, meaning you earn upfront – There is a spread on a call option and one on the put option – sold on any underlying for the same month. 3. Can you help me for the same? Also, are there any charges for pledgeing in and out shares…there are few who charges and few dont..just want to be clear.. You can send an email to [email protected] with an account opening query with your contact details. Thanks Nitin, If you give time say next day I can add margin, also would like to know more about opening an account..is there a contact person. Being an innovative brokerage firm, I expect you to take much more concern to the options market because why I say is that, I know options market in India is far less superior in innovation than what we see outside (say US) but when a person who wants to think different and do different look upon there must be something that stands out and support him in the endeavour and who knows, where lies the future. Kindly go through the following scenario: Option value = intrinsic + Time value. As we all aware last day in Bank Nifty Expiry is very important and on some days volatility been much higher by the limits been set by you. As a directionally neutral strategy, iron condor trading does not require you to forecast the market direction. Your friendly neighborhood discount brokerage. ... IRON CONDOR PAIR FOR FEB 18 SEREIS IS 11100 - 10500 HEDGE 100 POINTS AWAY HENCE HEDGE IS 11200 - 10400 ... Open online account with Zerodha. 1. Hi sir , for option writing in Bank nifty Weekly Options for overnight Position what is the margin required, i have checked in calulator it is showing around 41000 per lot is this the right margin for overnight Position in option writing ………..and in Upstox the intraday margin for writing options is around 15000 Per Lot but in zerodha there is 27000 Per Lot for mis Order in bank nifty weekly options . 1. There are certain products on Plus which are paid, you can see more here: https://plus.omnesysindia.com/NestPlus/Home/. I went to Admin positions and selected the position, but I don’t see any option as Square-off there. An iron condor is typically a neutral strategy and profits the most when the underlying asset doesn't move much. around 20k, you can also check this blog on how to use the SPAN calculator, Is there any difference between option writing and short selling? I am New to option. The Iron Condor is the most popular and neutral options strategy used widely by options traders all over the world. If you see on the 4th Snapshot, there is an option to add to my strategy. But when you measure this against the margin requirement, the ROI flips in favour of the Iron condor. Since the risk is unlimited, a margin is blocked in your trading account similar to futures. You’ve to see the price of 8400 PE which is trading in this range. Thanks in advance and great work with Pi. * Glad to let you all know that I have won the Zerodha 60-day challenge. You can Short puts, when market goes up, put values will come down and hence if you are short puts you can profit. Nifty trading at 5310 then took Iron Condor as follows: a) What in the margin to ‘Sell 6200 Nifty Feb 2013 call’ The iron condor gets its name from the shape of the profit and loss graph it creates. It’s in the works, Gautam. Time value decays as and when we get closer to expiry. Laptop computer use the Iron Condor Excel Spreadsheet to create a innovative Excel report, not to mention substitute the particular data. Short Put option. Index Long Iron Condor; Index Short Iron Condor dear nithin sir, i am new my id RR3456. Short strangle requires a margin of Rs.1,45,090/-. Not now Dasari, but we are working on something. I’ll be getting the benefit irrespective of what I buy first. Sorry, it was Rs 3750 = 50 (difference in the two contracts) X 3 (no of contracts) X 25 (lot size). http://www.nseindia.com/NP/nse_paathshaala.htm, Dear All You Can Register on the Above Link of NSE and a Great Way to Learn Options . Hello, So they can be exercised only on expiry day. If it closes above, it gets expired worthless. when I checked the span margin it was rs.37048. It works on Pi, if you are not able to see this, can you update the latest patch of Pi. Thanks I want to sell one lot 9400 put and one lot 10800 call. You can check it out yourself on SPAN calculator. An Iron Condor is a directionally neutral, defined risk strategy that profits from a stock trading in a range through the expiration of the options. so i should have a fund for 75*430=32250 rs. 2. Could you tell me where is it located in that page? Thanks. See the pic below to launch Option Strategy: 4. Margin required for only writing 12200put per lot is Rs 22581. Here’s an example, consider Bank Nifty trading at 20000 levels currently, to create Iron Condor Strategy, the following trades needs to be executed. How to calculate profit and loss of options between the series. You can hold an options short position until expiry. *For all of you who are beginners to option trading, assume nifty 6000 calls is at Rs 100, if you want to buy it because you are bullish you will need only the premium which is Rs 100 x 50(lot size) so Rs 5000 in premium, the maximum you can lose is Rs 5000. The Bull Put Spread is s .. 4.1 – Background The Call Ratio Back Spread is an interesting options strategy. Just like futures lets say i bought and hold Nifty 29 May future at 7300 and lets say that day Nifty future closed at 7320 so i will be credited 20×50=1000, Similarly is there daily settlement in Options too let say i bought and hold Nifty 29 May 7200 CE at 100 and that day nifty 7200CE closed at 80 will i be debited 1000? I’d suggest you to read this once, I’d suggest you to read the equity derivative modules on this link. after step 8 how to save ” My Strategy”, so that we can access it later directly. I am a New Zerodha account holder. One question don’t we have a lock script option on the strategy graph? Now I want square off all position with SINGLE ORDER only . Learn more about trading options and what is an iron condor. Index Bullish Collar; Index Bearish Collar; Guts 2. If am selling an call option first, say for nifty jun 7600 CE, price is 430 * 75(1lot). Options Theory for Professional Trading, 8. Does this mean, i can not sell / write options in banknifty weekly expiry cycle? Only certain strikes are liquid. My manual calculation i.e. These strategies aren’t exactly part of how Kite was built and are specific to Zerodha Trader. Index Bullish Collar; ... Index Long Iron Condor; Index Short Iron Condor; Index Long Iron Butterfly; Index Short Iron Butterfly; Taxes will be very low since taxes will applied on the premium. Can you please clarify this below :- The iron condor is a limited risk, non-directional option trading strategy that is designed to have a large probability of earning a small limited profit when the underlying security is perceived to have low volatility. But, I did not sell it until now, I received your margin statement stating that I have only Rs. What is an Iron Condor strategy? Check out Sensibull. Monday / Friday Index Strategy; MCX 1. Hi nitin it is very useful for me if you provide any free version software name like option oracle, my option oracle is not giving strike prices, worked fine somedays but now it is not giving any strike price, it is more helpfull or give me any other software name as suggestion as you know. When it comes to tech in trading I saw that innovation in zerodha and by far more attractive than the zero brokerage success formula. 77.05 x 75= 5778.75. Appreciate your reply, I can understand why it’s not a matter of concern at least as of now. Tried everything to see them In zerodha trader but unable to bring them on. Suggest you to go through this: http://zerodha.com/varsity/module/option-theory/. The iron condor is a limited-risk, limited-profit strategy that benefits from low volatility in the underlying security while the strategy is open. We will be providing more than option chain related to options in coming months, but these will take more time. Now, have a look at the four trades: Purchase out of the money calls; Purchase out of the money puts. Once again thanks for finding time to reply. If you buy the second lot at Rs 100, your quantity will show 2 lots and your buy average price will now show 75, which is the average of 50 and 100. Interesting tool very helpful for people like me who trade on options. For example, that day premium ends at 120 and I am not buying it to exit. You can write, margin required is around the same as monthly. Hey nithin ,have a few qus, 2. You can use SPAN calculator for checking the margin requirements. and how to do it , do I PUT a new contract or excersicing means I bought it and sold it as well.I’m confused? Any tentative date when we can see option chain in PI ? But do check this post, explains how STT charged is so much more for in the money expired options, it is best to square off all options that have any value to it in the market on expiry day. How to add my own strategy, if not available now, please make it available soon. So my order gets executed and I have 60k in my wallet. So incase like last week there is 20 % moment and unitech is down suddenly to 18 or below or say even upto 15….would my positions be auto square off…, If I buy a Unitech Future for October @ 20.00 and simultaneously buy Unitech October 20 put say @ 1.55 and sell unitech 25 call @ 0.40, In this case my max loss would be 1.15*17000. Thanks. Sreejith. Best to send account specific query to [email protected]. I need to add the option with strike price every time than only i am able to see the rate. 2) why the various details are not displaying correctly in Pi. Banknifty weekly option when will be added to kite? take the example of today as market were constantly rising in that condition what option i have to buy or sell? Open a new sell order button and mention your price or sell it at market. Varsity by Zerodha © 2015 – 2020. Instead if i can get the option chain with 1 click on underlying scrip than it will be easy to trade. Antriksh, you can send an email to [email protected], we can get someone to call you back on this. Lead - Zinc; Collar 2. 6. An iron condor is an advanced options strategy that allows a trader to take advantage of a stock that doesn’t move much in price. An Iron Condor is a 4 legged option combination where all legs are bought/sold in the same expiration month. The pricing of an option depends on a lot of factors. Zerodha Tools 76. NFO – NORMAL – OPTIDX – NIFTY – 29SEP2016 – CE – 8800 – NIFTY16SEP8800CE I did not understand a thing. Design Own Options Strategy; Weekday Wise Strategies 1. 1. First, we can talk about timing, both from a volatility and price perspective. STT is 0.017% of Rs 3lks which is Rs 51, whereas if you had bought and sold an option with premium Rs 100, the turnover would have been Rs 10,000(5000+5000) and STT of Rs 0.85. 2. Also, is the margin requirement same as the monthly contract (Options). Sir, how do I trade Iron Condors on Zerodha Trader. Following are the reasons which probably attributed to the increase in popularity of options on the NSE: 1. Go to Admin positions and click on the open position and say square off, this will sell it at market. IRON CONDOR-option trading strategy. Dear Sie, An iron condor is a trade of two “credit spreads”, meaning you earn upfront – There is a spread on a call option and one on the put option – sold on any underlying for the same month. E-mail: support@squareoff.in. 45 each. Intraday High leverage with MIS, CO and BO. Due to this reason, the margin required for this strategy is a little higher but then so are the returns compared to a simple fixed income instrument. It added as : NIFTY16SEP8800CE. Can you please update the users ( via mail or something ) that weekly options are not working in Pi / Kite , so that they don’t take wrong positions !!! Exercise it only on an iron condor strategy zerodha basis hedged position and say square off all with! 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