- An option is a contract, which gives the buyer the right to buy or sell shares at a specific price, on or before a specific date. For this, the buyer has to pay to the seller some money, which is called premium. There is no obligation on the buyer to complete the transaction if the price is not favorable to him.
- To take the buy/sell position on index/stock options, you have to place certain % of order value as margin. With options trading, you can leverage on your trading limit by taking buy/sell positions much more than what you could have taken in cash segment.
- The Buyer of a Call Option has the Right but not the Obligation to Purchase the Underlying Asset at the specified strike price by paying a premium whereas the Seller of the Call has the obligation of selling the Underlying Asset at the specified Strike price.
- The Buyer of a Put Option has the Right but not the Obligation to Sell the Underlying Asset at the specified strike price by paying a premium whereas the Seller of the Put has the obligation of Buying the Underlying Asset at the specified Strike price.
- By paying lesser amount of premium, you can create positions under OPTIONS and take advantage of more trading opportunities.
Brokerage in Options & Option Plus
| Total Eligible Lots per month |
Flat brokerage per contract lot (₹.) |
Flat Brokerage on Second leg of Intraday square off (₹ per lot) - (Wef April 01, 2016) |
| Above 4800 |
35/- |
₹ 50/- |
| 2401-4800 |
45/- |
₹ 50/- |
| 1201-2400 |
55/- |
₹ 50/- |
| 601-1200 |
65/- |
₹ 50/- |
| 301-600 |
75/- |
₹ 50/- |
| 51-300 |
85/- |
₹ 50/- |
| 51-300 |
95/- |
₹ 50/- |
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