Hi fellas,
Just wondering if there is something like one stoploss on one leg of a spread triggers both legs.
For example::
Date 26 July
Nifty future sold @5080 sl at 5115
Nifty call 5200 @51
Date 27 July
Gap up open. Future opens at 5150
SL gets triggered and future gets exec @ 5155,
At that time call was quoting at 80.
EOD nifty came down. Future came down to 5134 and call to 60.
Inference is that ppl like me who can see market on second half of the day loose extra 20 bucks because I cannot sq off hedged leg timely.
How can I prevent this?
Is there anything like when future gets squared off , option also gets triggered at market price.
You really cannot place stoploss for a option based on spot/future. If you place a limit order then at times you cannot hedge huge gap.Or is there a workaround
Thanks in advance.
Just wondering if there is something like one stoploss on one leg of a spread triggers both legs.
For example::
Date 26 July
Nifty future sold @5080 sl at 5115
Nifty call 5200 @51
Date 27 July
Gap up open. Future opens at 5150
SL gets triggered and future gets exec @ 5155,
At that time call was quoting at 80.
EOD nifty came down. Future came down to 5134 and call to 60.
Inference is that ppl like me who can see market on second half of the day loose extra 20 bucks because I cannot sq off hedged leg timely.
How can I prevent this?
Is there anything like when future gets squared off , option also gets triggered at market price.
You really cannot place stoploss for a option based on spot/future. If you place a limit order then at times you cannot hedge huge gap.Or is there a workaround
Thanks in advance.
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