Utilising Order Level Hedge Benefit with Basket Orders on FYERS

How can I utilise the order-level hedge benefit through Basket Orders on FYERS?

Basket orders help you place multiple legs of an options strategy together and may reduce the margin required when the legs form a valid hedge. On FYERS, the estimated hedge benefit is shown in the basket’s Funds req. before you place the order.

For example, in a Bull Call Spread, the Buy Call leg helps hedge the risk of the Sell Call leg. When both legs are added to a basket, FYERS can show the estimated funds required after considering the hedge impact.

How does hedge benefit work in basket orders?

To utilise the order-level hedge benefit, ensure that the Buy leg is added before the Sell leg in the basket.

Basket execution follows a fixed sequence where Buy orders are placed first, followed by Sell orders. This helps ensure that the protective Buy leg is considered before the Sell leg, allowing the margin calculation to reflect the hedge benefit wherever applicable.

Example: Bull Call Spread

For example, if you create a Bull Call Spread with the following legs:

  • Buy NIFTY 23,950 CE
  • Sell NIFTY 24,050 CE

In this strategy, the Buy Call acts as the hedge for the Sell Call. When the Buy leg is placed first and the Sell leg is placed next, the margin calculation can consider the hedge benefit.


The hedge benefit applies only when the required legs form a valid hedge and execute successfully. If a leg is rejected, pending, partially filled, or does not qualify under exchange margin rules, the hedge benefit may not apply as expected.

If the Sell order is added or placed before the Buy order, the hedge benefit may not be considered. To utilise the order-level hedge benefit, add the Buy leg first and then add the Sell leg in the basket.

What If...

ScenarioSolution
The Sell leg is added before the Buy legThe hedge benefit may not be considered. Add the Buy leg first, followed by the Sell leg.
One leg is rejected or remains pendingThe hedge may not be complete, and the margin benefit may not apply as expected.
One leg is partially filledThe hedge benefit may be calculated only based on the executed quantity, subject to exchange margin rules.
Funds req. does not reduce after adding both legsThe selected legs may not qualify as a valid hedge, or the order sequence may not support the hedge benefit.

Last updated: 29 Jun 2026