call put business margin query

Dear Anushka

hi this is Samir Zaveri ( cell 8080704539) from Mumbai ,As per our whats app discussion , i am interested in trading for mthly brokerage plan but before going further i need to clarify Margin requirements at your end for NIFTY weekly calls and puts as the margins have reduced drastically after Jun 1 2020 for covered calls and puts 

we are into the business of earning time value by selling calls and puts, during the day and at the close , to safeguard overnight risk we buy calls and puts of 200-300 points away. pl note , we buy the said calls and puts in the closing hrs only which results into covered calls and put at the end of the day

let me give u an example 

we have sold strike price 10300  Nifty call and 10300 put ( 2 separate trades ) for july 2 weekly expiry , the said call and put will remain sold during major part of the day..till say 3.15-3.20 pm and then we buy 10600 call and 10000 put to safeguard overnight position ( we have our own calculations to work on these aspects )

Now when we sell 10300 call and put margin required as per margin calculator of top brokers (click https://www.prostocks.com/equity-fo-span-margin-calculator.html or https://zerodha.com/margin-calculator/SPAN/ )

is INR 1,38,656 for selling 10300 call and put ( both) as per prostock link ..which u too can check on your own as per link given

now at the close , if i add 10600 buy call and 10000 buy put transections the margins reduce to ...the margin comes down to INR 39327 due to covered call and put benefit from jun 1 2020 onwards ( as per margin calculator prostock) check screen shot below

1) is this type of margin working OK with you , Pl confirm asap

2) suppose if I start with 1 lac margin what is the exposure i can get intra day -? can i sell one 10300 call and 10300 put intraday****

please reply point wise 1-2

thks

from 

samir zaveri

cell 8080704539