How do we have to place iron condor orders for getting margin benefit.
Like is there any way of direct ordering all the legs of the condor in one go,or we have to order the legs of the iron condor one by one.
Thank you
Until Zerodha brings Basket Order feature you have to do it one by one, in current scenario to get margin benefit first execute Buy leg of strategy and then sell leg.
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Thanx man
So first ill have to buy the call and put,and then sell call and put,right?
You could try a simple workaround by placing MIS orders (lets’s say, you are placing simultaneous orders on @Sensibull). Once executed, convert them to NRML.
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Will i get the margin benefit on doing so?
when you convert to NRML
Will there be any extra charges for the conversion?
no extra charges for conversion
Thanx man