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:
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:
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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