Hi Team,
Currently seeing below Text in kite terminal.
As per exchange regulations on Extreme Loss Margin, an additional exposure margin of ₹97869.8/- is applicable on short option positions of NIFTY expiring tomorrow. Ensure to maintain sufficient funds in your trading account before the market opens to avoid square-off of positions.
Nifty Shorts Hedged, still the margins will be applicable?
Index options are cash settled.
Zerodha started sending notifications as per the new SEBI rules.
Received same message. Need to know beforehand as to how much to account for ELM.
Sending message at EOD with warning of square off does not help.
While rule comes from SEBI, Zerodha at least be proactive with sending these messages.
Yes.my plan is to reduce qty at 9.15am, if auto sq off does not happen. And keep an eye on any penalty charges in the next few days.
yes, at 7 pm
Today, that XYZ needed amount was collected from the remaining demat account fund.
There is no need to exit the position if you have that asked fund in a trading account.
Better to keep 4-5 L in trading account or liquidbees for emergency. Z has no control over these requirements as they are dynamic.
it will be nice if basket in both zerodha and @Sensibull show expiry day margin few days before, so we dont have to do all the calculations. and with upcoming removal of calender spread, it will be even more complicated to calculate margin.
