How much capital is enough to start trading options?

I just want to know the minimum required capital with which one can start trading options. (Considering, he has been observing markets since 2-3 years and knows a handful of strategies.)

Is it 1 lakh? 5 lakhs? Or 10 lakhs?

A butterfly for 1 lot in nifty or banknifty is around 50K. Most of the strategies/gurus are enticing users to speculate rather than hedge. You should use options to hedge your portfolio.

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I think 5-10 lacs could be fine. With the new margin rules, hedged and offsetting positions have reduced margin requirements, so you don’t really need a very large capital. Of course, higher the capital, higher the number of lots you could trade and therefore, higher profits theoretically.

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Having a capital base too low just makes the account too volatile. But, you could trade with a capital of less than 5 lacs as well.

1 lot of naked ATM short option of the Nifty blocks about 1 lac in margin. Maybe, check the zerodha margin calculator for the strategies you want to execute and see what would be the adequate account size for you.

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You did not mention the type of options you want to trade.
So, considering the least one, You can trade in currency even with 5k. (limited lots only).
The minimum amount will be higher for index/stocks.

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Min and maximum required money for trading: As much as you are willing to loose voluntarily.

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