Few Enhancement in Zerodha

[nithin]

@abhijeet1

@nithin would it be possible to have feature of 2 order windows at a time. Most of traders usually roll the strikes by closing a position and immediately opening other. Have 2 order windows will ease the execution part.

Making a basket order on Z is cumbersome when dealing with large number of orders daily.

We are checking on this. A request came from another person recently. @MohammedFaisal, can you respond here after checking?

[abhijeet1]

@MohammedFaisal we await your comments.

[MohammedFaisal]

@nithin

@ZTrader1

Ability to Close Long-Term Option Contracts When Counterparty is Available:
Currently, some traders face difficulties in closing long-term option contracts, even if the counterparty is available at the desired price. It would be greatly appreciated if the system could address this issue, enabling traders to efficiently manage their positions and exit them when necessary. Additionally, ensuring that the Good Till Triggered (GTT) functionality works for such contracts would further enhance the trading experience.
Eg: This trade:
image.png

@Arockiya_Raja @MohammedFaisal what is the issue with GTT for long dated options?

GTT cannot be created if a contract doesn’t carry an LTP at the time of GTT creation. We are working on an alternative fix for this.

@nithin

@ZTrader1

Introduction of GTT-OCO Orders in Commodity Trading:
Extending the Good Till Triggered (GTT) functionality to OCO (One Cancels the Other) orders in commodity trading would be a valuable addition. This feature would empower commodity traders to predefine entry and exit points, automatically placing orders based on their trigger conditions. Such automation would reduce mental stress by eliminating the need for continuous monitoring and manual intervention.

@Arockiya_Raja @MohammedFaisal why haven’t we enabled this?

GTT for CDS and MCX were not enabled due to illiquidity concerns.
We are enabling it for all segments in the coming weeks.

[SachinSingh]

Couple of things from my side:

1. Please introduce an option to select and delete multiple Basket Orders at one go, like we can exit multiple open positions at one go. Right now, it’s a 3-click process just to delete one Basket Order.

2. Not directly related to Kite, but on Tax PnL on Console, the ‘Options Profit’ & ‘Total Gross Profit’ are the same. The ‘Total Charges’ part should be deducted from ‘Options Profit’ to give the ‘Total gross profit’. This was there last year as well…

[Arockiya_Raja]

@SachinSingh

Please introduce an option to select and delete multiple Basket Orders at one go, like we can exit multiple open positions at one go. Right now, it’s a 3-click process just to delete one Basket Order.

This is on our to-do list.

@SachinSingh

Not directly related to Kite, but on Tax PnL on Console, the ‘Options Profit’ & ‘Total Gross Profit’ are the same. The ‘Total Charges’ part should be deducted from ‘Options Profit’ to give the ‘Total gross profit’. This was there last year as well

@TheGouda

[Arockiya_Raja]

@Gnome

one more small suggestion from my side. If possible in setting add an option to keep the display on, in Kite mobile application.

When you are on the chart page, the display will remain active. I believe you may want to keep viewing the position page. For now, adjust mobile settings to extend the screen timeout, but this change will apply universally . Your feedback has been noted.

[TheGouda]

@SachinSingh

Not directly related to Kite, but on Tax PnL on Console, the ‘Options Profit’ & ‘Total Gross Profit’ are the same. The ‘Total Charges’ part should be deducted from ‘Options Profit’ to give the ‘Total gross profit’. This was there last year as well…

Currently, the Profit and Loss (P&L) numbers displayed in the Console Tax P&L report are gross numbers. However, we are planning to introduce tradewise charges in the coming weeks. Once implemented, the Net P&L for each segment will be shown, giving a better representation of profitability.

[paekut]

Right now, to exit a multi legged position which has great than 900 quantity (in Banknifty), a basket order needs to be created separately.

How if the same basket order which was used to create that position be used to exit that position as well? Maybe a switch on the basket order window which, when clicked, reverses all added orders - from buy to sell and from sell to buy?

This will eliminate a lot of hassle while exiting large positions.

[paekut]

Any feedback on this @ShubhS9 @nithin

[Chetan_Nahata]

@SachinSingh

Not directly related to Kite, but on Tax PnL on Console, the ‘Options Profit’ & ‘Total Gross Profit’ are the same. The ‘Total Charges’ part should be deducted from ‘Options Profit’ to give the ‘Total gross profit’.

I also want this feature as an I’m a newbie trader and a lot of times when I took a position and closed it in green but only realise I was at a loss due to charges. (especially while doing option spreads.)
Can it be done that we see Profit/loss net of All applicable charges and taxes instead of the current gross p&l?

[TheGouda]

@Chetan_Nahata

I also want this feature as an I’m a newbie trader and a lot of times when I took a position and closed it in green but only realise I was at a loss due to charges. (especially while doing option spreads.)

We’ve added virtual contract note in Kite (Web), to show approx total charges for the day trades in Kite.

@Chetan_Nahata

Can it be done that we see Profit/loss net of All applicable charges and taxes instead of the current gross p&l?

You can check Console P&L report for this.

[nithin]

@paekut

How if the same basket order which was used to create that position be used to exit that position as well? Maybe a switch on the basket order window which, when clicked, reverses all added orders - from buy to sell and from sell to buy?

This will eliminate a lot of hassle while exiting large positions.

This makes sense and we will try doing this. @MohammedFaisal can you update here whenever we are ready?

[Chetan_Nahata]

@TheGouda

You can check Console P&L report for this.

yeah, that is there but I meant it as where the p&l of open positions are shown on the positions tab of kite.
there it’s gross can that is made to the net?

[paekut]

Thanks Nithin, this would be a lot of help.

Here’s one more suggestion on the Basket Order Window. Right now to change the strike price of the added orders in the order window, one has to delete the existing order and add a new one.

This could be handled with simple “+” and “-” buttons which could make changing strike prices a breeze. Something on the lines of how @Sensibull lets user change strike price of positions in its strategy builder window. I’m sure there are a lot of other users who are going to find this one very useful.

[MohammedFaisal]

@paekut

Here’s one more suggestion on the Basket Order Window. Right now to change the strike price of the added orders in the order window, one has to delete the existing order and add a new one.

Hi @paekut,

We’re discussing this internally.

[paekut]

Also, just observed that another feature which can just be copied over from Sensibull to Basket Order Window is the ‘Multiplier’ field - to toggle quantity across all orders added in a particular Basket Order. If you know what I mean.

[viswaram]

Zerodha team,
you need to find a way to offer the option chain, strategy payoff chart without having the customers to pay on sensibull. Its not an enhancement request, its a basic requirement.

Most of the other brokers are providing the payoff chart free of cost.

The analysis of the option position, changes in delta, theta, IV etc could be proprietary & chargeable.

[Private]

I already suggested this when basket feature was introduced.

siva told me “In our list to do.”

[nithin]

@viswaram

Zerodha team,
you need to find a way to offer the option chain, strategy payoff chart without having the customers to pay on sensibull. Its not an enhancement request, its a basic requirement.

Most of the other brokers are providing the payoff chart free of cost.

The analysis of the option position, changes in delta, theta, IV etc could be proprietary & chargeable.

We are working on something. Give us a couple of weeks on this.

[paekut]

Agree.

Something as simple as P&L alerts for multi-legged positions should be provided by Zerodha.