Hello, Any Kotak securities users here? How to know the margin requirement for hedged options( bull put/call spreads, straddles, etc)? The margin calculator in Kotak securites is not showing any proper results. Zerodha is user friendly, however most of the time it doesn’t allow OTM strikes.
Does kotak securites also allow reduced margin requirement for hedged position? Any trader who experienced it can share your view.
Another point- I tried calculating margin requirement in zerodha and upstox using their calculators, but upstox margin requirement is more that what zerodha requires!! My understanding is that all the brokers follow more or less same margin requirement. If yes why there is a difference in zerodha and upstoxupstox.
Attaching the requirement for a iron condor in banknifty as below. Not sure why difference in margin requirement.
Comments are welcome on kotak securites user and zerodha upstox users.
Sep 30 expiry
Buy 36000PE x 1
Sell 36500 PE x 1
Sell 39000 CE x 1
Buy 39500 CE x 1