Can I place BO/CO for options on the FYERS platforms?
Certainly! FYERS platforms support the placement of BO/CO orders for Index options. Although we previously suspended BO/CO orders for the Options Segment (from 27th September 2021 to 31st January 2023), we reinstated this feature for the Index options segment starting 1st February 2023.
To know how to place bracket order, refer here and for cover order, refer here.
Note: Stock options and BSE Index options do not support Bracket or Cover Orders.
Related Articles
Why did my CO/BO order get executed at different price points?
Cover Order (CO) and Bracket Order (BO) are types of multi-legged orders that come with pre-defined stop-loss and/or target levels, alongside the main entry order. The execution of these orders is dependent on the available Bid/Ask in the market for ...
Can I place market orders for commodity options on FYERS?
At FYERS, placing market orders in the MCX Options segment isn't feasible. Given that commodity derivatives, especially Options, witness low trading volumes in India, many of these options contracts are illiquid. Permitting market orders can ...
What product types can I use to place orders in FYERS?
You can choose from various product types in FYERS depending on whether you're trading intraday or holding positions beyond a day. These options are designed to match different strategies and market approaches. The product types are mainly divided ...
What is a Bracket Order (BO)?
It is an order which enables the investor to place two orders simultaneously. 1) The price at which he/she would sell the investment to book profits, 2) The price at which he/she would sell the investment to reduce losses. For example, suppose MR.X ...
What is BO ID and how can I check my BO ID in FYERS?
Benificiatiary Owner Identification Number (BO ID) is a 16 digit Demat Account Number given by the Depository Participant, i.e., CDSL. The first 8 digits of the BO ID is termed as DP ID (that will be the same throughout Fyers), and the last 8 digits ...