+ Expand AllDerivative Plus

  • QWhat is Derivative plus?
    A

    Derivative Plus orders is auto square off order type for options segment. It offers up to 200 times exposure for options writing and up to 10 times exposure for options buying.

  • QHow it works?
    A

    If you have margin of Rs. 10,000, you will be able to sell options up to Rs. 20,00,000 and buy options up to value of Rs. 100,000.While placing order you have to place buy / sell order at market price along with a stoploss order.

  • QWhat will be the stoploss order price?
    A
    While placing order, you will be asked to fill stoploss trigger price. This stoploss order will trigger at set trigger price as market order.
  • QIs Derivative Plus order available for all exchanges?
    A

    Derivative plus order type is available under NSE Options only.

  • QIs it available for all contracts?
    A
    Currently Derivative plus orders are available for Nifty and Bank Nifty options contracts only.
  • QWhat are the available contracts under derivative plus.
    A
    Available contract for Nifty will be at the money (ATM) , ATM +100 , ATM-100 strikes for current month call and put contracts. (available contracts will be in multiple of 100 only) and for Bank Nifty it will be At the money (ATM) , ATM +100, ATM+200 , ATM-100, ATM-200 strikes for current month and current week call and put contracts. (available contracts will be in multiple of 100 only)
  • QWhat if market moves up or down?
    A
    In case of market movement new contracts will be automatically introduced based on logic of ATM , ATM +100 , ATM-100 strikes. If any contract which falls out of given range it will automatically be removed from Derivative plus order contract list. However modification / square-off option will be available on existing orders. Please note that even if strike falls under above given criteria but option premium is below Rs. 5 then contract will not be available for trade under Derivative Plus order type.
  • QWhat is the maximum allowable quantity?
    A
    Maximum allowable order quantity is less than or equal to best 5 buyers/sellers or maximum allowable quantity by exchange for given scrip, whichever is lower.
  • QIs there any additional charges for Derivative Plus?
    A
    Free to those who have been given access. Rest cannot avail it.
  • QHow to activate Derivative Plus?
    A

    Login to website Go to New Products > Click on Derivative Plus, you will see a disclaimer. Kindly accept this disclaimer to activate Derivative plus order type.

  • QIs there any limit on exposure created under this order type?
    A

    Yes you can create an exposure up to 3Cr under Derivative plus order type.

  • QHow exposure will be calculated?
    A

    Exposure will be computed as (Strike + Premium)* Qty (Both for Buy & Sell).

  • QWhat if I do not square off my position till 3:10 PM?
    A

    If position remain open till 3:10 PM on any given day, it will be automatically squared off by system

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