Why am I not getting leverage benefit while buying index options using Cover Orders (CO) on Zerodha?
Additional Leverage offered for buying index (Nifty, Bank Nifty & Fin Nifty) options using Cover Orders (CO) has been removed with effect from 31st May 2021. This change is made to comply with the recent updates in the peak margin rules which stipulate the maximum intraday leverages that brokerage firms can offer.
Note: Cover orders are not allowed across F&O segments, since additional leverage is not provided for CO on index options. To know more, click here .