Margin Calculator


Create multiple leg in Future & Options and see how much margin money is required to construct your F&O strategy. The Margin Calculator breaks down into Span Margin and Exposure margin. The calculator also helps to see the Margin benefits in case of hedging strategy


Add CLEAR

Note:-

  1. The above margin mentioned is an indicative margin
  2. Buying in option requires full premium and not margin hence premium values to Buy Options do not show up in margin calculator

Frequently Asked Questions

The span margin calculator helps traders compute the margin (capital) required for initiating a trade in the NSE equity derivatives/commodity derivatives and currency derivatives segments before actually taking the trade.

The objective of span is to identify overall risk in a portfolio of futures and options contracts for each member.

In standard pricing models, three factors most directly affect the value of an option at a given point in time:

  • Underlying market price
  • Volatility (variability) of underlying instrument
  • Time to expiration

As these factors change, so too will the value of futures and options maintained within the portfolio. Span constructs scenarios of probable changes in underlying prices and volatilities in order to identify the largest loss a portfolio might suffer from one day to the next. It then sets the margin(capital) requirement at a level sufficient to cover this one-day loss.

All you have to do is select the segment, instrument, symbol, expiry date, whether you want to buy or sell and quantity. After you fill in the details and click on add contract will see the Total Margin Required for initiating the trade.

The exposure margin is the margin blocked over and above the SPAN to cushion for any MTM losses. Both the SPAN and exposure margins are specified by the exchange. So at the time of initiating a futures trade, the client has to adhere to the initial margin requirement. The entire initial margin (SPAN + Exposure) is blocked by the exchange.

The Margin benefit shows you the benefit received in the strategy by creating the hedging leg of the same expiry.

Disclaimer for Derivative Margin Calculator:-

Investments in securities market are subject to market risks, read all the related documents carefully before investing.The information is only for consumption by the client and such material should not be redistributed.SEBI Registration & Disclaimer - https://www.hdfcsec.com/article/disclaimer-1795

This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. HDFC Securities does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. HDFC Securities makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.