How To Buy PUT Options in Zerodha?

Finance Guru Speaks: This article will guide you on how to Buy Put (PE) Options in Zerodha.

How To Buy Put Options in Zerodha

Zerodha, as a Trading and Demat Account, has gained very wide popularity because of very low-cost trading and ease of use. If you don't have the Zerodha account, then you can open it through this LINK. It is very easy to open a Demat Account in Zerodha.

Please read the complete article. I have shared 6 Tips at the end of the Article. Please comment, share and like this article for the constant encouragement.

To begin with, buying Put Option is also known as LONG Put position. In India, we denote Put Option as PE (Put European).

Steps to Buying Put Options in Zerodha:-

1. Login to Zerodha after clicking here. Provide your User ID, Password, and then your assigned PIN to Login.
Zerodha Login
Zerodha Login Screen
2. On the Home Page, go to the Watchlist on the left-hand side and Search the required Put Strike to buy the PE Option and click on B button. As an example, we are buying NIFTY JUN Series 8500 PE Option as shown below. You can also select any Stock which is open for FnO trading.:-
How To Buy Put Options in Zerodha
Click to enlarge
How To Buy Put Options in Zerodha
Click to enlarge

3. On the Next Screen, fill Buy Order details as shown below. To keep it simple, we are buying 1 LOT (equal to 75 Shares) of NIFTY at a buying price of 40. The last traded price for JUN Series 8500 PE Strike is 50.60.

With INR 40 as your Buy Price, you need to pay a Total Premium of 40x75 = INR 3000 to the Seller.

It is a positional order, meaning we are not buying this Put Option for Intraday Trading. Once you fill all the details, click on Buy button:-

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