While deploying trades using AlgoRooms, I am selling one put and one call and manually buying one put and one call for 7 Rs. This should reduce the margin to some degree, but in my case, the whole trade amount is being charged as margin.
example 1 (trade placed in upstox directly): 1 put buy + 1 call buy + 1 put sell + 1 call sell = total margin required ~1.7L
example 2(buying is manual and selling is done from algorooms): 1 put buy + 1 call buy + 1 put sell + 1 call sell = total margin required ~3.1L
can someone please help how I can reduce the Margin.