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Asked a question last year

How to set stoploss or target to an order after it has been executed? This is regarding option trading.

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Hi @Rahul Galgali27,

If you have a long position (Buy-side)

If you want to place a stop loss for your Buy position, you need to open the Sell panel and select the order type as Stop limit.

For example, you have brought a Call option at an LTP of 170 rs and want to place a stop loss of 40 rs. Open the Sell panel > Select the order type as Stop limit > Limit price (129) and Stop price (130).
For example, you have brought a Call option at an LTP of 170 rs and want to place a stop loss of 40 rs. Open the Sell panel > Select the order type as Stop limit > Limit price (129) and Stop price (130).

 

If you want to place a Take profit for your Buy position, you need to open the Sell panel and select the order type as Limit. 

For example, you have brought a Call option at an LTP of 170 rs and want a Take profit of 80 rs. Open the Sell panel > Select the order type as Limit > Limit price (250)
For example, you have brought a Call option at an LTP of 170 rs and want a Take profit of 80 rs. Open the Sell panel > Select the order type as Limit > Limit price (250)

 

If you have a Short position (Sell-side)

If you want to place a stop loss for your Sell position, you need to open the Buy panel and select the order type as Stop limit. 

For example, you have brought a Put option at an LTP of 170 rs and want to place a stop loss of 40 rs. Open the Sell panel > Select the order type as Stop limit > Limit price (209) and Stop price (210).
For example, you have brought a Put option at an LTP of 170 rs and want to place a stop loss of 40 rs. Open the Sell panel > Select the order type as Stop limit > Limit price (209) and Stop price (210).

 

If you want to place a Take profit for your Sell position, you need to open the Sell panel and select the order type as Limit. 

For example, you have brought a Put option at an LTP of 170 rs and want a Take profit of 80 rs. Open the Sell panel > Select the order type as Limit > Limit price (90)
For example, you have brought a Put option at an LTP of 170 rs and want a Take profit of 80 rs. Open the Sell panel > Select the order type as Limit > Limit price (90)

Note: You can either place a Stop Loss or Take profit at a time!