Your views and execution steps for this strategy

Hi, came across this Finideas strategy in quora . Have the following queries on this strategy w.r.t Zerodha platform. The intention is not to find faults in any of the system, but to learn and understand better.

  1. 30 Lakhs of NIFTYBEES to be leveraged and used for margin funding. Why don’t they required 50% cash for margin funding as in Zerodha?

  2. Benefit of synthetic futures via long call/short put vis a vis going long on futures ?

  3. Mentioned of hedging 1 Cr of nifty with one year time frame. I don’t see any options traded for Jan 2020. So how is finideas going to buy the options for hedging ?

Guys, any comments on my query ?