Option Plus

Will order be allowed to be placed in all SLTP ranges defined for an underlying? What is the maximum percentage that can be defined for SLTP range?

If for a particular SLTP range the Minimum SLTP - Limit Price difference % defined is: 1. NA (Not Allowed): Orders will not be allowed with SLTP prices falling under such range defined as NA. Example: In the above table if any order is placed in this underlying contract with SLTP falling in the range Rs. 0 upto 2 then such orders will be rejected. 2. Maximum 100% : If for a particular SLTP range the Minimum SLTP - Limit price difference percentage is defined as 100% then; i. In case of Fresh Buy, limit price of your cover SLTP order will always be default auto populated as Re. 0.05 and full premium will be blocked as margin for such cases. ii. ii. However in case of Fresh sell, limit price of your cover SLTP order will be auto populated considering '100% SLTP - Limit price difference %' or 'Minimum SLTP - Limit Price value' (only in case of Fresh Sell), whichever is higher. Complete margin will be blocked as explained in below FAQs.