Margin Requirement in Mix Expiry

[Rajinder_Kalra]

1. If I buy Futures of Monthly Expiry, but Buy Put of Weekly Expiry (to get margin benefit), will margin benefit still be applicable? Or both futures and options should be of the same expiry for margin benefit?

Example -
Buy BankNifty Fut (24 Jan 2021 expiry) at 31960
Buy BankNifty PE 32300 (7 Jan 2021 expiry)

Or is Sensibull curve showing it all wrong?

2. My max loss is really just 1109 in this case?

PS - I want to close the trade on 7 Jan or before.

@siva @Sensibull

[ShubhS9]

@Rajinder_Kalra

If I buy Futures of Monthly Expiry, but Buy Put of Weekly Expiry (to get margin benefit), will margin benefit still be applicable? Or both futures and options should be of the same expiry for margin benefit?

Margin benefit will still be applicable.

@Rajinder_Kalra

My max loss is really just 1109 in this case?

Max loss for hedged positions is capped.

[sajid_ahamed]

you must use zerodha f and o margin calculator. i think its very accurate

[Sensibull]

@Rajinder_Kalra

Or is Sensibull curve showing it all wrong?

There is cross expiry margin benefit

@Rajinder_Kalra

2. My max loss is really just 1109 in this case?

That is correct, if you close the trade on 7th Jan. Your losses on the future (i hope not) will be offset by profits on the put. Or in other words, the put protects your future