I want to sell 1 lot ATM Nifty Straddle on zerodha everyday. I want to do it in MIS mode.
Zerodha basket is showing 56k initial margin and 53k final margin. Is this margin correct?
If i start with 60k in my account, will this be sufficient?
Anything that i should be looking out for? I dont want one leg to be executed and other to be rejected.
Its close to 30k i guess if you sell 12600 PE and buy 12500 PE current week…it may be less…don’t place with basket order ,do it manually …you are trading only 1 lot
if market opens at 12450 tomorrow, i would like to sell 12450 pe and ce(12th nov) and exit both positions before market close. I am looking to sell straddles with stop loss rather than strangles with hedge.
Sorry i misread it , yes then it will be close to the 50k …All the best
Yes, the margin is correct.
margin shown on basket is right.
60k can be enough and might not be enough as well… you are dealing with options especially shorting, if you are not disciplined it will take one moment to wipe this off. Options are very volatile and can move rapidly in prices if markets turn volatile.