How to Buy/Sell an Option contract on ICICI Direct App

New to trading? Watch now to learn how bracket orders on the ICICI Direct app can help you trade smarter, protect profits, and manage risk like a pro.

Confused about the Capital Gain Statement? This video explains what an equity capital gain statement is, how it helps in tax filing, and how to download it step-by-step via the ICICI Direct app and website. Stay tax-ready and on top of your investments with this simple guide!

A contract note is a legal document that breaks down your trades, prices, brokerage, and taxes. Learn how to read it, track hidden charges, and download both your contract note and fund statement from ICICI Direct in just a few clicks.

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Ran out of funds while trading? Don’t sell your shares—pledge them! In this video, learn how to use Shares as Margin (SAM) on the ICICI Direct website to unlock instant trading limits using your existing holdings.

Watch this video to learn the complete step-by-step process – from pledging, checking status, unpledging, to reallocating limits across segments on the ICICI Direct platform.

Watch this video to learn how to easily reattempt your rejected SIP transaction on ICICI Direct with the new payment reattempt feature. Follow simple steps and get your SIP back on track.

Ever opened your demat account and wondered why some shares aren’t tradable even though they’re credited? Watch  this quick video to learn why it happens and how to manually allocate those shares in just a few clicks.

How does the IVR scam work and why is it so dangerous? Watch this short video for a detailed explanation!

Did you know that corporate actions such as dividends, bonuses, splits, and rights issues can affect your MTF position? But before we have a look at that, let’s go back to the basics of the Margin Trading Facility (MTF).

MTF Basics

When you buy stocks using MTF, you pay only a part of the total transactional value, while the rest is funded by ICICIdirect. It’s important to note that the stocks purchased under MTF are held in your Demat account but remain under the pledge (PL) status since you have not fully paid for these positions.

Now that you understand the basics, let’s explore how corporate actions affect your MTF positions.

Effect of Corporate Actions on MTF Positions

1. Dividends

   You are eligible to receive the full amount of the dividend as long as you hold the stock on the record date.

2. Bonus, Splits, Mergers, or De-mergers

   For corporate actions such as bonuses, splits, mergers, or de-mergers, you must convert your MTF positions to delivery by paying the full amount before the record date. You will be informed about the last date until which you can hold your stock under MTF. After this date, your positions will automatically be squared off.

Rights Issues

You are eligible for rights issues provided you convert your positions from MTF to delivery before the record date.

Have you received messages about guaranteed IPOs or high stock returns? Fraudsters use these tactics to deceive investors. Watch this video that will help you spot scams and stay safe

Investing can be complicated, but what if you could simplify it all with just one click? Watch this video to learn how to invest in ICICI Direct's One-Click Equity Baskets to invest in trending market themes in just a few clicks!

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In this video, learn how to buy/sell an Options contract by following simple and easy steps on the ICICI Direct app

Watch this short video to learn how to check your open position on ICICI Direct App easily

Watch this video to learn how to use the readymade option strategies of Breeze API

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