Sharing on Options under Turnover based sharing scheme will be calculated on the total premium value and not on the total options value. An example is given below for easy understanding
Option Traded Nifty 11000 CE
Lot size 75
No of lots taken 10
Price at which the call was bought 49
Total Options Volume traded (11000+49)* 75*10 = 8286750
Total Options Premium Value 75*49*50 = 183750
Sharing by Tradeplus will be released based on 183750 which is the Options Premium Value.