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Multi Leg fno orders

prakash.jj
prakash.jj in General
Hi if I want to take multi leg hedge future and option strategy how do I do it in Kite? @vivek @sujith
  • sujith
    sujith
    Hi @prakash.jj,
    Kite Connect doesn't support this feature. You will have to place two orders explicitly.
  • prakash.jj
    prakash.jj
    Ok. Will I get margin benefit if I place separate orders?
  • sujith
    sujith
    @prakash.jj,
    You can get MIS margin, if it is provided for that scrip on that day.
  • prakash.jj
    prakash.jj
    @sujith I am talking about the margin benefit of taking hedged positions.

    For example: If I want to buy Nifty August Future and at the same time Sell Sept Future, the margin requirement is only 15-16k. If I am taking the positions one by one, will I still get that benefit
  • nithin
    nithin
    @prakash.jj the margin benefit kicks in only once you take both the positions. Not just for these calendar spreads but also any other combination of F&O where there is a margin benefit. You'd need individual margins to get into the position.
  • prakash.jj
    prakash.jj
    ok, that means it doesnt matter if I take individual trades or bulk, I will get margin benefit once the hedge position is taken. Please confirm
  • nithin
    nithin
    @prakash.jj yep, you are right.
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