Hey guys,
I have a query , I have executed an buy OTM call (idea was to reduce the required margin )and sold a ATM call…. Later During the trade I booked OTM call for profit and was waiting for premium to decay for ATM call I sold… during the trade I got margin short fall message and after a while it got squared off…. Over all I was in. Profit ….
Later I continued with usual buy trades…
Now I received a message saying to ensure margin short fall of 62k in the account by 11.59pm
Is it mandatory even though the trade is completed.( i read that any thing less than 1L penalty is 0.5%)will I need to add that short fall or if not on adding ,be charged even after the trade is closed? Since it turned out the scenario that I traded on leverage..understand broker zerodha needs to report the equity statement to sebi and will get penalized and this is to avoid
What is my best way forward…I will add that short fall of funds but want to know the system in place ..
Appreciate your responses and sharing of knowledge…
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