For eg. I bought a Call Strike 1000 and sold Call Strike 1100, lot size 400. On expiry the stock value is 1200.
Turnover is same as in this chart from Zerodha Brokeage calc page, 1000 x 400 + 1100 x 400. Yes?
So brokerage is 8,40,000 * (.1/100) = 840/-. Same for SST.
What about the rest of the charges as in the calc chart;
Yes turnover is right.
Right.
Since your positions are exercised you can leave the Sell side blank for the Long position and Long side blank for Short position, that much will be the other charges.
Please clarify the following doubts.
(1) Can we have (Sell) ITM Call (of shares) on EXPIRY DAY without share in Demat Account? Do Zerodha allow
this?
(2) It may be possible when the OTM call till day before expiry date, might become ITM due to sudden price rise of
stock on expiry day .Is this correct?
(3) To net off the position of ITM Call(sell) ,can we buy LONG FUTURE on expiry day?
(4) If stock is in F&O BAN on expiry day,Is it possible to buy??
(5) Even if allowed to take long future, do we need again full margin in addition to already blocked full margin for Call (Sell ) position till expiry??
Thanks.
Yes, you can have Short ITM position without underlying shares in your Demat account, however if you let this position expire and do not have underlying shares to deliver this will result in Short Delivery and appropriate penalties will be charged by exchange. You can learn more about Short Delivery here.
Yes this can happen.
Yes you can do this.
No, if stock is in F&O ban period you cannot take fresh positions.
Yes, you will require sufficient margins to take long position in Futures.
Thank you very much for your quickest response. And also the clarifications are very clear.
