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Sundar18:
Only a brief reply wanted – pls zerodha guys reply. For the choice consumers who purchase choices with full money, is there going to be any change. YES or no. if sure, what’s the change.
No change, Sundar. At Zerodha we already acquire choice premium while you purchase choices.
Some brokers enable shopping for choices utilizing collateral margin, this received’t be allowed when this rule comes into impact as per my interpretation.
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Rohi51:
Can I purchase choice with money collateral? Please clear my doubt…
You can not. You want money stability to purchase choices.
Thank You Sir.
If I promote choice first with my collateral margin after which use that collected premium for choice shopping for is it potential? In brief can I take advantage of collected premium to purchase the choice very subsequent minute?
thanks a ton for the reply, @ShubhS9
It’s apparent that SEBI members is mates with huge choice sellers or they themselves is choice sellers, what choice sellers need on expiry day? shut the index at strike they need to eat all of the premium. Eradicating calendar unfold is one other proof, now we’re compelled to purchase expiring hedge so these huge choice sellers get much more premium.
By elevating lot dimension they’ll kick small choice sellers out of market, what’s the results of this? elevate in choice premium like American market, which suggests extra premium for giant choice sellers.
Our market isn’t even unstable, its transferring max .5% both aspect on each day foundation, they made up all BS tales to alter the marketplace for their profit, and to boost tax.
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If these measures do achieve curbing f&o mania then i will likely be proud of it, it’s true that individuals who have completely no thought about derivatives are risking enormous quantities of capital, one helper in building ask me about financial institution nifty choices a number of days again and i used to be surprised, his monthy revenue is 20000, and there are numerous circumstances like that, it must be checked and stopped.
I welcome these strikes from SEBI. It’s in the very best curiosity of outlets.95 out of 100 ITR with Fno are loss returns.
Proposal #2 – Upfront assortment of choices premium:
Are you able to elaborate extra even for choice consumers have to pay extra margin then actuallyExample (15 lot ) value @ 220 want 3300 rs for getting.Is shopping for margin enhance like 5000 rs in above instance ?
f&o ought to solely be allowed for thise who earn a minimal month-to-month wage. this manner, the chance is restricted to those that can afford to take it. a singular id needs to be generated by the employer for every salaried worker, which the dealer can hyperlink to the federal government utilizing the pan or one thing. this gives concrete proof of revenue. or some comparable thought like this.
i usually see individuals posting verified p&l with feedback like “1.2cr misplaced at this time” or “65L misplaced, will strive once more tomorrow” with a smiley emoji. they do that as a result of their excessive earnings make such losses insignificant to them. the actual concern arises when individuals who don’t earn sufficient lose every little thing.
implementing some thought on thse strains or one thing to uproot the bottom downside may very well be an answer. nevertheless, I do understand it may not occur as it will considerably cut back market inflows. a significant loss for the hungry authorities.
Hello @MEDI_MANOJ
As talked about by @ShubhS9, it ought to stay the identical.
No change, Sundar. At Zerodha we already acquire choice premium while you purchase choices.
Some brokers enable shopping for choices utilizing collateral margin, this received’t be allowed when this rule comes into impact as per my interpretation.
Guys you may Submit your Opinion to SEBI to this handle
Vishals@sebi.gov.inansumanp@sebi.gov.indarshilb@sebi.gov.inabhishekr@sebi.gov.in
pls cn somebody inform (jst a tough thought) until when cn we count on remaining implementation of those new guidelines . if taking place quickly, thn i wud cease buying and selling frm august (bcos if drawdown is available in my technique thn i wudnt hv time to get well) @ShubhS9 @siva
Can somebody please clarify the knowledge pasted under concerning contract dimension with an instance? I didn’t perceive this. Thanks
Proposal #5 – Minimal contract dimension:
Given the expansion witnessed within the broad market parameters, the minimal contract dimension for index by-product contracts is to be revised as below:
Section 1: Minimal worth of derivatives contract on the time of introduction to be between 15 lakhs to twenty lakhs.
Section 2: After 6 months, the minimal worth of the derivatives contract is to be between the interval of 20 lakhs to 30 lakhs
100 qty for nifty150 qty most
eg. banknifty is at 51500, so contract dimension wud be 51500 x 15 = 772500. so that they hv to maintain b/w 5-10 lac for every strike value. this will likely be elevated to 25lac so that they wl enhance lot dimension to 50 or 60 so contract worth will come b/w 25 to 30 lac (50 * 51500 = 2575000)
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