The Slack Discussions The Slack group at Capital Mind Premium has been extremely active and if you haven’t been there, pop us a note by replying to this email. (If you’re a trial member this probably sound like Greek to you; it will be available when you sign up!) A brief summary of some of the interesting things discussed there in the last few days: How big is STT? 0.125% of the whole contract (strike price + premium) x lot size. STT or Securities Transaction Tax applies if you let an “in-the-money” option expire. It’s best to exit the option before 3:30 pm on expiry day, but if you do let it expire, that’s what it’s going to cost you. More reading: http://capitalmind.in/2011/08/beware-of-stt-when-trading-options/ Another Crash Prediction: Is this bullish for stocks? Mazhar Mohammad says “ Nifty may be on the verge of a bigger crash; May fall to 7200 in 3 to 5 months” Your Provident Fund will buy Stocks, starting Tomorrow! … (Read On…)
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