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Trading

What are options? What is Options Trading at ICICIDirect. com? What is a Call? What is a Put? What is a strike Price? What is a premium? What is a European option? On which exchanges will I be able to buy and sell in Options market? How is Options trading different from Futures trading? How is Options Contract Defined? Which contracts under an underlying are enabled for Options trading? Why is the contract list restricted to specific contracts only under various underlyings? Can I modify my square off order placed in disabled contracts or Banned underlyings? Where can I view Options contracts? Would Different Margin percentage be applicable to Different underlying Stocks? Can margin be changed during the life of contract? How is margin (premium) calculated on Buy orders in Option? How is margin (premium) calculated on Buy Market orders in Option Contracts? What happens in case my F&O Limit goes negative due to placing Option Buy order at Market price or for any other reason? How is Margin calculated on Sell orders in option? Would In-the-Money or Out-of-Money be considered for Margin calculation in case of Sell Orders? Would the Premium to be received be considered for Marginable sell orders? Is the separate Margin Blocked for Buy and sell Orders? Is margin blocked on all Options Orders? What happens if buy or sell orders are placed when there is some open position also in the same contract? How do I place a square off order to cover my open positions? How does the profit and loss recognized on execution of square up (cover) orders? Can I Exercise My Buy (Call/Put) Option? Is there a specific time when I can place my exercise request? What is the Effect of Exercise? How is Profit calculated on Exercise? Is exercise quantity considered for Margin calculation? Is part exercise possible by the exchange? What is assignment? How do I know I have been assigned? Do I have any control over Assignment? What is the Basis of MTM in case of Sell Put and what happens in the MTM process? If limits are found to be insufficient is the whole position sent for square off in both cases of sell call and sell put? What happens if I do not square off the transaction till the last day? How is brokerage calculated in case of options? Is there a Daily EOD MTM just like Futures? Is MTM done in case of options? What kind of settlement obligation will I have in Options? When will the obligation amount be debited or credited in my Bank Account? What happens if I have a margin / premium obligation towards the Exchange and have open position under Options Buy Call and/or Put? Where can I see my settlement obligation? Can an underlying be disabled from trading during the day? Can I square off the open positions in the disabled underlying? What is meant by a freeze order? What should I do in case an order is Freezed? Is there any hedging benefit between options? Why I am unable to place market order's in options contract? Will I be able to place square off order's for my position in illiquid contracts? What are the criteria for defining illiquid contracts? How will I come to know whether a contract is illiquid? Will I be able to place market orders in a contract once it becomes liquid?

Option Plus

What is Options Plus? Can I place Cover Stop Loss order after the Fresh position is taken? In which Exchanges shall I be able to place orders in Options Plus? Can I place Options Plus orders in all underlyings? Can I place Options Plus orders in all contracts? From where do I place Options Plus orders? What are the details for a cover SLTP order? Can I cancel the Fresh and cover SLTP order? Can I cancel only Fresh order? What is Reorder functionality in Options Plus? What will be the price at which margin for an order will be calculated? What is the margin required on placement of Options Plus order? Would the margin be recalculated when the order gets executed? Would the margin be recalculated at the time of modification? Is the 'Minimum SLTP - Limit price difference %' different for different underlying? Will order be allowed to be placed in all SLTP ranges defined for an underlying? What is the maximum percentage that can be defined for SLTP range? How is limit price of cover order for a Fresh Buy order/position calculated and populated considering the Minimum SLTP-Limit price difference? Is it possible to have different SLTP range and 'SLTP - Limit price difference %' of Cover SLTP order for different option types (Call and Put) in the same underlying? Is it possible to have different SLTP range and 'SLTP - Limit price difference %' of Cover SLTP order for Buy and Sell in the same underlying. How is the limit price of cover order for a Fresh Sell order/position calculated and populated? What is premium cut off price on stock list page? Is premium cut off price applicable for both Fresh Buy and Sell orders? What happens to the pending fresh Sell and cover buy SLTP orders in case LTP of a contract moves below cut off premium price? How can I modify Limit Price of the cover order? Where can I see the Minimum SLTP - Limit price difference % or absolute value for a particular underlying? How does the concept of Options Plus work? Will there be any Mark to Market process? Do I have the option of Add Margin? Where do I view my open positions? Can I-Sec disable a scrip from trading in Options Plus during the day? Can I-Sec disable a scrip from placing fresh Limit order in Options Plus product during the day? What happens to the pending fresh and cover SLTP orders in disabled contracts of an underlying? Can I convert Options Plus position under a contract to Options position or vice versa ? What would be the brokerage payable on these trades? What is Reference Price and Exchange Trade Price execution Range? Will my Options Plus order be impacted due to Reference Price and Exchange Trade Price execution Range? If the Fresh/Cover SLTP order gets canceled by National Stock Exchange of India Ltd (NSE), will I be able to re-enter the Fresh/Cover SLTP Order? Can I "Square Off at Market" or "Modify" my cover SLTP order once it gets canceled by National Stock Exchange of India Ltd (NSE) ? Can my Fresh/Cover SLTP order get part canceled by National Stock Exchange of India Ltd (NSE)? What is Quick Exit ? Can i do anything if any of my Fresh/Cover order gets part canceled by National Stock Exchange of India Ltd (NSE)? Will Quick Exit link be displayed against all the orders in order book? Will Quick Exit link be displayed against all the positions in Options Plus(OP) open position page ? Is there any difference if I do Quick Exit from Order book or Options Plus(OP) position page? Will Quick Exit link be displayed in order book for already closed positions?

Futures Trading

What is Futures Trading at ICICIDirect.com? On which exchanges will I be able to buy and sell in futures market? Which stocks are eligible for futures trading? Why is the stock list restricted to specific scrips only? Which contracts under an underlying are enabled for Future trading? Why is the contract list restricted to specific contracts only under various underlyings? Where can I view futures contracts? How is the futures contract defined? What is an "Underlying" and how is it different than "Contract"? How do I place a futures buy/sell order? Can I short sell the shares in futures segment (i e sell shares which I do not hold in DP)? How much margin would be blocked on placing the futures order? Is margin blocked on all future orders? How is the initial margin (IM) on open position is maintained? What is meant by calendar spread? How is the margin calculation done in case of calendar spread? Can spread position be formed among all the contracts in existence? Is there any impact on the limit on execution of a buy/sale order? How to square off open position which is part of spread position and there is not enough trading limits to place a cover order? How do I see my open positions in Futures? Where can I see my Available Margin on site? How do you calculate Minimum Margin? How do you calculate additional margin required when the available margin is below the minimum margin required? How do you call for additional margin during the Intra-day MTM process? Can I do anything to safeguard the positions from being closed out? What is the Trigger price displayed on Open Position page for Futures product? Will Trigger Price be calculated for NON SPAN as well as SPAN based margining? How is the Trigger Price calculated for Futures positions ? Will Trigger Price be recalculated on converting Future PLUS positions to Future? Whether Trigger Price would be displayed in case of perfect spread Futures positions ? How is Trigger Price calculated for imperfect Spread Positions? How Trigger Price is calculated for positions in same direction in near and mid month contracts where spread is allowed? In case of profit on a future position or where the Available Margin is in excess of the Margin Required, can I reduce the margin against the position to increase my limit? What is meant by EOD MTM (End of Day - Mark To Market) process? What would be the effect of EOD MTM on margin blocked at position level? Can a non- spread contract be moved to spread group? What kind of settlement obligation will I have in futures? Is there any "no-delivery period" concept in futures? When is the obligation amount debited or credited in my bank account? According to cash projections, payin was scheduled yesterday but amount has not been deducted from my Bank Account? On t+1 day I have payout for a particular trade date and also payin for different trade date? Will payout and payin run seperately ? I have allocated funds for secondary market- Equity Can I make use of those limits for F&O market also? When do orders in Futures get freezed? What other resources will the site offer me to help in taking smarter decisions for online futures trading? What is peak margin? What is EOD margin?