Skip to main content
Question
F&O
Max Newone
Asked a question last year

Dear Fyers Support, I mostly trade only Index Options and I am struggling to understand Bracket order. Initially I used to place market order and then SL. In last few months we are seeing spike moves in options like never seen before. With moves like that I don't comfortable with placing market and stop orders. I would like you to please explain how to place Bracket order. Suppose I want o buy 10 lots of Nifty Option for Limit price of 50 with SL of 40-39 and TGT of 70, please post the screenshot to help me understand how the order will look. Finally is there any way where I can change default order type to bracket.

Sujit Chakraborty

Liked by Sujit Chakraborty

Join FYERS Community to pick others' brains on Trading/Investing

Sign Up Now
Enter with Google
Login Now
Sujit Chakraborty
Active Option Writer and Long Term Investor
Answered last year

You need to place 3 trades:

  1. Buy limit order - 10 lots of Nifty with limit price 50
  2. Stop limit sell order - 10 lots with limit price at 39 (Place immediately after order 1 is filled)
  3.  Sell limit order - 10 lots of Nifty with limit price 70

Now if order 2 executes first, cancel order 3 immediately and vice-versa.

Related Questions

Powered by tribe.