Zerodha is blocking certain BNF option buying under the condition of OI limits at member level reached. At the same time its allowing selling of BNF options in those strikes .
Following is NSE link for OI limits at member level :
Extract from above link
“The position limits of Trading members in equity index option contracts is higher of Rs.500 crores or 15% of the total open interest in the market in equity index option contracts. This limit would be applicable on open positions in all option contracts on a particular underlying index.”
where does the above link says you allow selling but stop buying ?
Does it specify Buying contributes to OI but Selling doesn’t ?
Has ZERODHA set internal limits of 70% of above 15% limit as specified by exchange ?
If yes than why it has not communicated same ? This internal limit is like a BIAS towards option buyers .
Can Nithin or Zerodha Team responsible person honestly reply on this ?