How do I place a basket order to get the order level hedge benefit?
Placing a basket order is simple but the orders are to be placed in the sequence of the scrips added in the Basket. In order to get the order level hedge benefit, you have to add the Lower Margin order to the basket first and then add the Higher Margin order.
For Instance, If you wish to place a strategy of Bull Call Spread wherein you are Buying an ATM Call and Selling an OTM Call. If the price of Nifty Index is trading at 18000, then the basket order needs to be placed as per the below image:
First, Buying Nifty 18000CE (Lower Margin Order) and then Selling Nifty 18100CE (Higher Margin Order)
Can I place a Basket Order with Bracket Orders?
Yes! You can place Bracket orders using the Basket order feature available in FYERS. This feature allows you to trade efficiently and avoid slippages (refer to this article). You can place up to 10 orders at a time through basket order.
How to place Basket Orders on FYERS Web?
Basket order is a feature with which you can place multiple orders at one go. This feature helps in making use of various opportunities in the market efficiently and also helps in avoiding slippages. Now, let’s go through the step-by-step procedure ...
How to check the margin required in the basket order?
The 'Margin Required' feature enables you to find out how much margin is required to place an order in a particular basket. For instance, Mr. Kali, a client of FYERS, wishes to place a Bank Nifty Bear Call Spread Options Strategy in basket order for ...
What is meant by Slippages and how can I avoid them?
Slippages refer to a situation in which a trader’s order placed is executed at a different price than he initially intended. This happens when placing market orders as there is an ever-changing Bid/Ask in these highly volatile markets. Slippages ...