How to sell options in icicidirect
How to Execute Options Trade with ICICIdirect.com
welcome to ICICI drag calm investor help
videos in this video you will learn how
to execute an option straight at ICICI
drag calm log on to you ICICI direct.com
account using your username password and
date of birth or your pan card number
choose F and O from the drop-down menu
and click on login now before you get
started the first thing you must do is
to alot funds for trading under F and O
on the left hand side panel click on
allocate funds
let's allocate rupees 20,000 click on
submit you can modify allocation or even
deallocate unused funds at any time next
you can add contracts under my
favourites click on my favourites on
left hand side panel currently there are
no contracts in favourites click on add
to my favorites in the FN o select
contract menu on top click on option
enter nifty in stock code choose call
option and click on select contract this
page displays all the available
contracts let's select two contracts
using check boxes with strike prices of
seven thousand eight hundred and seven
thousand nine hundred and then click on
add to my favorites press ok now these
contracts are added to your favorites
you can directly choose to buy or sell
your contract from this page
let us select seven thousand nine
hundred call contract click on buy you
will be taken to place order page you
can view your limit from here on this
page you will find details of your
contract such as option type contract
details auto-populated for instance you
can see the current price of your call
option here you can check further
details from get quote here you can
check the last traded price they open
day high percentage change etc you can
also see the best five bids and offers
the top sellers and top buyers and their
prices now going back to the place order
page enter quantity under auto validity
there are
two options day or IOC let's choose day
order next choose the order type market
order or limit order in a market order
you buy at the current market price and
in limit order you buy at your desired
price
let's select limit order suppose you
want to buy a 2ds 91 lets into that
amount now enter the price you have in
mind we also have a margin calculator
here it is used primarily when you are
selling an option first and then buying
it now click on submit you would be
taken to F&O order verification page as
a good practice verify each and every
detail such as contract details or the
type quantity last traded price and
estimated order value then click on
proceed to execute you order the next
page indicates that your order has been
sent to the exchange now with that you
will have placed your first trade in
option segment now that you have
successfully placed an option trade
click on order book under fnot segment
and then on option to check your order
status or modify or cancel it if it's
not executed order book gives you
details like your action order status
price at which you had ordered and your
quantity open to be squared off from the
trade book tab on top
choose option and check the trade book
details these include the exact price at
which your trade was executed and the
value of contract the brokerage and
taxes are added the next day of your
order execution here you can see your
order has been executed you can also
check it from the open positions page
here you can square off your position or
view the profit and loss on it by
clicking on PNL on position you can see
the profit or loss on the position you
can also square off your position click
on square off under actions enter
quantity you are placing a day order and
specifying a limit price you can quickly
check get code or the best five bids and
offers from here specify the limit price
and click on submit click on proceed to
confirm your order your square of order
has now been sent to the exchange now go
to order book on
hand side and then open option page you
can see your order has already been
squared off you can verify this from the
trade book as well this can be seen from
portfolio page as well go to portfolio
click on FN o and then on option click
on View details you can see your
purchase price and selling price
ICICI Direct has many useful products
under F and O for instance option +
allows you to pay lesser margin as
compared to options for intraday trading
it comes with a cover SL TP feature
whereby you can limit your losses by
specifying stop-loss ICICI direct also
offers tools such as f + o at fingertips
to provide you with sharp insights on F
and o trading it scans the F&O market
and helps you zero in on the most
suitable trading opportunities explore
these products and turn your option
trading highly rewarding that's all for
now hope you enjoyed watching this video
