Option Plus

Is it possible to have different SLTP range and 'SLTP - Limit price difference %' of Cover SLTP order for Buy and Sell in the same underlying. How is the limit price of cover order for a Fresh Sell order/position calculated and populated?

Yes. I-Sec at its discretion may define different SLTP range and different 'Minimum SLTP - Limit price - difference %' for Buy and Sell at underlying level depending upon the volatility and market conditions of the stock. In case of Sell, apart from 'SLTP - Limit price difference percentage' there will be a Minimum SLTP - Limit price Value in absolute Rupees terms defined against each range and the same can be seen by visiting the Stock list page under the F&O trading section by selecting the product as Options Plus. This value will be compared with SLTP - Limit price difference percentage and higher of the two will be considered for limit Price computation of the cover SLTP order while order placement. Underlying: NIFTY Cut Off Premium Price: 2.00 In the above example, if you want to enter SLTP as Rs. 60/- for Buy cover SLTP order against your NIFTY fresh Sell order/position. Then SLTP - Limit price difference percentage as per the range table is 20% which is Rs.12/-. However Minimum SLTP - Limit price difference value of Rs.15/- is higher than value obtained from SLTP -; Limit price difference %. Hence limit price will be calculated using minimum difference as Rs.15/- and not considering Rs.12/-. This means that always higher of the two differences based on % or absolute value would be considered for calculating the Limit Price value and margin thereon. Pl. Note: SLTP - limit price difference % is only for example purpose and actual SLTP % may vary.