Hey, I would like to know the OI restrictions in UPSTOX regarding buying deep OTM options.
is the range bigger than Zerodha or should I consider someone like Alice blue who does not have any range.
(ps I know we can sell first and buy later in Zerodha but I want the margin benefit upfront.)
Alica Blue also has a restriction, it will allow you buy in a range of ±6% from LTP.
You can only buy outside the above range using NRML and not MIS.
For within the day you can convert the NRML to MIS and then sell the option to get the margin benefit.
But if you are looking to carry over these Buy option overnight, you cannot convert them to MIS the next day. i.e. Once a buy position is carried over overnight as NRML it cannot be converted back to MIS to be used the next day.
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my only requirement is NRML order. thank you for your reply. however Alice blue brokerage is very high
so do u happen to know anything about the OI restrictions in UPSTOX
The brokerage for Upstox, Zerodha and Alice blue are all the same.
There is a small difference in govt taxes but brokerage is the same.
Look at Freedom 20 Plan for Alice blue
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Thank you for your insight I didn’t know about the freedom 20 plan I thought it was rs 20 per lot on Alice blue.
however, I am not seeing why this plan is cheaper when the benefits are the same in both plans can u point out what I am missing
You may be able to do it by Call and Trade feature on upstox.