I am using the API to calculate margins for Equity Options. I have tried using any basket, it gives me the correct SPAN but the exposure margin is always 0. See the trade below. I am buying 1 lot of TataSteel at strike price of 1000 and selling 3 lots at strike price of 1100. It is showing me correct span but exposure margin is showing as 0. {"exchange": "NFO", "tradingsymbol": "TATASTEEL22JUL1100CE", "transaction_type": "SELL", "variety": "regular", "product": "NRML", "order_type": "MARKET", "quantity": 1275, "price": 0, "trigger_price": 0}, {"exchange": "NFO", "tradingsymbol": "TATASTEEL22JUL1000CE", "transaction_type": "BUY", "variety": "regular", "product": "NRML", "order_type": "MARKET", "quantity": 425, "price": 0, "trigger_price": 0}
In the morning,the exposure was actually showing 0 for the basket shown by @shbhnkr .
Also,the exposure was showing 0 for just the call short position(Tatasteel 1100CE).
I had made a test basket on Kite too consisting of index options ,on Friday to check something. On Friday,the required margin was around 30k,but today morning when market opened, around 9:30,the required margin dropped to below 10k(that was below the max loss of 12k of that basket),I guess that was also due to the exposure margin being 0 at that point of time .
In the morning,the exposure was actually showing 0 for the basket shown by @shbhnkr .
Also,the exposure was showing 0 for just the call short position(Tatasteel 1100CE).
I had made a test basket on Kite too consisting of index options ,on Friday to check something. On Friday,the required margin was around 30k,but today morning when market opened, around 9:30,the required margin dropped to below 10k(that was below the max loss of 12k of that basket),I guess that was also due to the exposure margin being 0 at that point of time .
Why did the exposure drop to 0 in the morning??
Thank you for the clarification.