I have SGB worth of more than 1 lot of gold mini. I want to sell call options against these.
- Do we have enough volume against Gold Mini in MCX / NSE ?
- Does Zerodha take in these SGB as margin for commodity
- Is this approach advisable
I have SGB worth of more than 1 lot of gold mini. I want to sell call options against these.
Point 1: Gold return and Market return comparsion
https://unofficed.com/gold-vs-nifty
Point 2: Risk Averse
I am not an advocate of Gold but I was prepping a presentation for my clients and got somehow convinced by myself to try it out because of its risk averse nature with market
Point 3: Apply Delta Neutral Strategies with TSL.
Actually You can see my trading style live in Youtube.
Day before Yesterday - Banknifty intraday trade live - YouTube
Yesterday - Banknifty intraday trade live - YouTube
Today - Banknifty intraday trade live - YouTube
Net SGB pledged is around 7L
Getting collat of 6L.
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#1 Instead of Gold Mini I chose to do with BN because of risk aversion.
#2 NO. Thats why I manipulated myself to do BN.
#3 Obviously, Yes
Let me know your view on my approach.