Utilising Order Level Hedge Benefit with Basket Orders on FYERS

How Can I Utilise the Order Level Hedge Benefit through Basket Orders on FYERS?

To successfully utilise the order level hedge benefit using basket orders, it's essential to follow a set sequence while placing the orders:

  • Begin with Lower Margin Orders: The first order in your basket should always be the one that requires a lower margin.

  • Follow with Higher Margin Orders: After placing the lower margin order, proceed with the higher margin order.

For example, if you're implementing a Bull Call Spread strategy, which involves both buying an At-The-Money (ATM) Call and selling an Out-of-The-Money (OTM) Call, consider the following approach:

When the Nifty Index trades at 18,000:

  • Firstly, Buy the Nifty 18,000CE (This is your Lower Margin Order).

  • Then, Sell the Nifty 18,100CE (This is your Higher Margin Order).

 

Note: A visual representation, such as an image or chart, might enhance clarity. We recommend including an illustrative image that demonstrates the order placement process.




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