Option Plus

What is Quick Exit ?

Quick Exit is a facility provided to quickly close any particular open Options Plus(OP) orders / positions under a particular contract. Example: Case 1 - In a case where fresh order is part executed and cover order is ordered and you want to book profit by squaring off your position with the help of "Quick Exit" link given on Order Book and Open Position then system will 1. Cancel fresh order for the unexecuted quantity and 2. After confirmation of fresh order cancellation, system will cancel cover SLTP order and place a market square off order for the executed quantity In such cases this link will help customer to book profits for the part executed open position. Case 2 - If your Fresh order is executed and SLTP order is in ordered status and if you do Quick Exit a confirmation message will be displayed stating that "Do you want to proceed with Quick Exit" and on clicking "Ok" system will first cancel your SLTP order which was unexecuted and immediately place a square off order against the fresh executed quantity. Case 3 - If Fresh order is in ordered status and SLTP order is also in ordered status, then on clicking Quick Exit and the process confirmation message will be displayed stating that "Do you want to proceed with Quick Exit" and on clicking "Ok" system will cancel your Fresh and SLTP orders.