I Have in my Zerodha Account
Collateral (Liquid funds)- 62,045.60
Collateral (Equity)- 65,640.66 Total collateral = 1,27,686.26 Available cash = 21,854.90 Available margin = 1,49,541.16
I traded a Bear-call spread today (Intraday MIS Order)
i.e BUY 25250 CALL 21 AUG &
SELL NIFTY 24950 CALL 21 AUG
For this Margin Needed is 51,877 INR and
Funds Needed 60,003 INR
Then why did I receive this mail from Zerodha Margin Call
EQUITY margin utilisation for TI**** has reached 131.99% of available balance. Add funds immediately on Login to Kite by Zerodha - Fast, easy trading and investment platform. Positions can be squared off if margins are insufficient. Team Zerodha **
Can anyone please explain what the problem is?
Why I am getting MARGIN CALL Email ?
Can I take Overnight order with this Fund ?
While closing the hedge positions, you have exited your long position a few seconds before exiting the short position. As the short position is left open for a few seconds margin call is triggered.
Once all positions are closed, funds will be released, which you can use for further trades.
Its due to few milli second difference between buy and sell orders. If exchange takes screenshot on that point of time there is possibility of peak margin penalty. To avoid this you can exit the short position first then you can close your long position.