What is Options Trading at ICICIdirect?
At icicidirect.com, you can trade on Index and Stock options on NSE. In options trading, you can take buy/sell positions in index or stock(s) contracts expiring in different months with various Strike Prices. If, during the course of the contract life, the price moves in your favor, you make a profit. In case the price movement is adverse, you incur a loss. To take the buy positions on index/stock options you have to pay certain premium. To take sell positions on index/stock options, you have to place certain % of order value as margin. With options trading, you can leverage on your trading limit. However, the risk profile of your transactions goes up.