

Govt. is hell bent on kicking retail out of F&O
I’ve been into option selling lately and developed an automated system so I don't constantly check the margins used/available on the system, and since I trade indices with sufficient margin, I didn’t pay much attention to the changes around single-stock derivatives.
Only last night did I realise SEBI has now removed margin benefits even for index spreads on expiry.
I have sufficient margin and a properly hedged spread, yet we’re still being forced to keep huge amounts of extra capital to cover ELM on expiry days now.
Every small benefit is being stripped away, making it harder to scale a system that already plays by the rules. Extremely frustrating.
Taking away leverage from a business is the best way to kill it. A good trader could have generated good profits before all the regulations that came in post-covid. Now even if you have the skills, you can't do much.
No wonder FIIs aren’t looking at India.