Margin & Leverage (20)

How is margin calculated for F&O positions on Sahi?

For all F&O positions (Futures and Options writing), Sahi blocks margin as per the exchange-defined framework:

Position Type

Margin Blocked

Long Option (Buy CE or PE)

Full option premium × lot size. No additional SPAN or Exposure margin is required.

Short Option (Sell CE or PE)

SPAN + Exposure Margin as calculated by the exchange for that specific contract on that day.

Long Futures

SPAN + Exposure Margin.

Short Futures

SPAN + Exposure Margin.

Multi-Leg Strategy (e.g., Straddle)

Margin is calculated on the net portfolio risk, not as the sum of individual leg margins. Writing both legs of a straddle requires less margin than the sum of two standalone short positions.