How is the Trigger Price calculated for Future PLUS positions ?
a. Trigger Price is calculated as follows in case of Buy positions:
Example: If you have Future PLUS buy position of 500 qty of Reliance at Rs 900 expiring on 26th December 2015 at IM of 11% and MM of 8%.
Trigger Price calculation for Future PLUS Buy Positions: WAP on Underlying level-(( Margin on Positions - ( WAP on Underlying Level * Open Pos Qty * Min margin percentage)))/ Open Position Quantity).
900-(49500-(900*500*8/100 ))/500) = 873
b. Trigger Price is calculated as follows in case of Sell positions:
Example: If you have Future PLUS Sell position of 1600 qty of ITC Limited at Rs 355 expiring on 26th December 2015 at IM of 14% and MM of 10%.
Trigger Price calculation for Future PLUS Sell Positions: WAP on Underlying level+(( Margin on Positions - ( WAP on Underlying Level * Open Pos Qty * Min margin percentage)) )/ Open Position Quantity).
355+(79520-(355*1600*10/100 ))/1600) = 369.20
Please note Trigger Price will be rounded up to the tick size for Buy positions and rounded down to the Tick size for sell positions.
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