Hello Friends
After doing some google search I found a discount broker ASHTA (from Bhopal) which charges low margin (only SPAN) and above that if you hedge positions then the deal is even more attractive.
Example: BUY RIL future and sell RIL 920 call. Used margin calculator from three discount brokers.
Zerodha and Samco margin: Rs. 1.68 L and Ashta: Rs. 0.84 L (exactly half).
Astha brokerage for option is same as the above two but slightly higher (0.01 %) for FUT (in case of RIL it is about Rs 90/-).
For someone who is into hedging (like above example) OR shorting NIFTY straddle, ASTHA works out to be a much better deal.
Since the margin requirement is half, you can double the volume in the given capital, although with slightly higher brokerage.
I am already into creating and squaring up such hedge positions for short window of time (these typically last from Thu to Tue) and am happy with a reasonable profit, so don't mind paying higher brokerage.
(NOTE: If after creating BUY FUT, SELL CALL pair, you put in a wide SELL stop loss on LONG FUT position every morning then I do not see a BIG loss in account).
Is anybody using Ashta here and really paying the low margin claimed on their calculator?
Thanks
pos_trader
After doing some google search I found a discount broker ASHTA (from Bhopal) which charges low margin (only SPAN) and above that if you hedge positions then the deal is even more attractive.
Example: BUY RIL future and sell RIL 920 call. Used margin calculator from three discount brokers.
Zerodha and Samco margin: Rs. 1.68 L and Ashta: Rs. 0.84 L (exactly half).
Astha brokerage for option is same as the above two but slightly higher (0.01 %) for FUT (in case of RIL it is about Rs 90/-).
For someone who is into hedging (like above example) OR shorting NIFTY straddle, ASTHA works out to be a much better deal.
Since the margin requirement is half, you can double the volume in the given capital, although with slightly higher brokerage.
I am already into creating and squaring up such hedge positions for short window of time (these typically last from Thu to Tue) and am happy with a reasonable profit, so don't mind paying higher brokerage.
(NOTE: If after creating BUY FUT, SELL CALL pair, you put in a wide SELL stop loss on LONG FUT position every morning then I do not see a BIG loss in account).
Is anybody using Ashta here and really paying the low margin claimed on their calculator?
Thanks
pos_trader
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