URGENT: Vodafone IDEA moving into ASM

F&O
1

Hi, I have significant positions in this counter (both cash as well as options), and I just received this mail one hour ago:

image
image694×300 23 KB

First of all, this is quite brutal, giving a user just one-two hours for such a big event. Please answer these questions so that I can plan accordingly:

  1. Will the extra margin be applicable to LONG options as well, or only the short options?

  2. If I have spread positions, e.g. sell 9 CE and buy 10 CE, will this margin still be applied?

  3. I have pledged IDEA shares as collateral as well. Till what time will the margin be provided. Will we be able to pledge fresh as well?

thanks

1 Like
2

Idea moved to ST ASM from today. Exchange will increase the margin to 50% if the scrip moves to ST ASM.

image
image947×671 85.3 KB

  1. It’s not applicable for long options. Only for futures and option short margin will increase.
  2. Yes, it will be applicable.
  3. From 24th Jan pledge value will be reduced for Idea. You can do fresh pledge, but margin provided will be less.
2 Likes
3

Thanks @Ragavendran_M for the reply.

Please let me know what is the haircut % for tomorrow, so that I can sell the shares today if required?

Also, for the future, if this notification could have been given in the morning (as the circular is from yesterday), it could have saved lot of issues.

thanks

4

Haircut % will be based on the exchange var file. If it is 28% on Jan 23rd EOD, the haircut will be 28% on Jan 24, 2025.

Noted the feedback.