Can the options premium received be used to open new F&O positions?

Yes, you can utilize the options premium received to initiate new F&O positions. However, it’s important to note that the profit generated can only be used within the same segment and cannot be transferred to any other segment.

For instance:

If you hold Nifty positions, you have the flexibility to use those funds across all F&O segments, but they cannot be employed in MCX or Equity.