Options orders can be rejected for several reasons, most of which relate to liquidity protection, risk management, or exchange rules. This article lists FYERS policies on market orders in options, common rejection causes, and the exact fixes to place your trade successfully.

FYERS' policy on market orders in options

• Current week and current month expiries: Market orders are allowed for options that expire in the current week or the current month, where liquidity is typically adequate.
• Next week, next month, and far expiries: Market orders are restricted. Use a limit order and specify your acceptable buy or sell price.
• BSE F&O contracts: Market orders are not permitted due to frequent illiquidity. FYERS applies Market Price Protection (MPP) that converts market orders to limit orders to avoid unfavourable fills.

Note: For low liquidity or far expiry contracts, prefer limit orders to control execution price.

Rejection Message	Stop loss market (SL-M) orders are not allowed for Options. Place stop loss limit (SL-L) orders instead.
Rejection Reason	SL-M restricted in options. Stop Loss Market (SL-M) orders are restricted for Options by the exchange to avoid execution at extreme prices during volatility.
Solution	Use a Stop Loss Limit (SL-L) order instead and enter both the trigger price and limit price within the permitted range.

Rejection Message	SL-MKT Orders are disallowed.
Rejection Reason	SL-M restriction. This rejection occurs when a Stop Loss Market (SL-M) order is placed in Options, where such orders are restricted to prevent execution at extreme prices during high volatility.
Solution	Use a Stop Loss Limit (SL-L) order instead by entering both the trigger price and the limit price while placing the order.

Rejection Message	‘Schedule’ market orders are not allowed for Options. Place limit orders instead.
Rejection Reason	AMO market order restriction. This rejection occurs when a Scheduled (AMO) order is placed with a Market order type for Options, which is not permitted.
Solution	Place the Scheduled (AMO) order using the ‘Limit’ order type instead of ‘Market’. For live market hours, Market orders can be used normally.

Rejection Message	Market orders aren't allowed for this expiry. Use limit orders instead.
Rejection Reason	Market order restriction for non-current expiry. Market orders are restricted for non-current expiry contracts due to low liquidity risks.
Solution	Place a Limit Order by specifying your desired price.

Rejection Message	The strike price is beyond the allowed intraday execution range. Either place an 'Intraday/Trade' order within range (Upper range: ₹ & Lower range: ₹) or try with 'Overnight/Invest'.
Rejection Reason	Intraday execution range restriction. The selected strike price or order price is outside the allowed intraday execution range set for that contract.
Solution	Modify the strike/price so it falls within the allowed upper and lower range, or place the order using ‘Overnight/Invest’.

Rejection Message	This symbol is in ban period. You can only exit the position.
Rejection Reason	F&O ban restriction. The contract is under the F&O ban period because the open interest has crossed the permissible MWPL threshold. Only exit orders are allowed during this period.
Solution	Do not place fresh positions in this contract. You can only exit or square off your existing position.

Rejection Message	Cover orders are not allowed for stock options. Try with 'Intraday' or 'Overnight' to place orders.
Rejection Reason	CO not allowed for options. This rejection occurs because Cover Orders (CO) are not permitted for stock options as per risk management rules.
Solution	Use ‘Intraday’ or ‘Overnight’ product types for trading in stock options.

Rejection Message	Bracket orders are not allowed for stock options. Try with 'Intraday' or 'Overnight' to place orders.
Rejection Reason	BO not allowed for options. This rejection occurs because Bracket Orders (BO) are not permitted for stock options as per risk management rules.
Solution	Use ‘Intraday’ or ‘Overnight’ product types instead of Bracket Orders (BO).

Rejection Message	Cover orders aren't allowed for stock options. Use Intraday or Overnight/Invest to place orders.
Rejection Reason	CO restriction for options. Cover Orders (CO) are not permitted for stock options due to risk management policies.
Solution	Use Intraday (MIS) or Overnight/Invest (NRML/CNC).

Rejection Message	Bracket orders aren't allowed for stock options. Use Intraday or Overnight/Invest to place orders.
Rejection Reason	BO restriction for options. Bracket Orders (BO) are not supported for stock options.
Solution	Use Intraday or Overnight/Invest product types.

Rejection Message	Orders can't be placed in this symbol as there are no bid/ask available. Check market depth before placing an order.
Rejection Reason	No bid/ask available. This rejection occurs when there are no active buyers or sellers for the selected contract.
Solution	Check the market depth before placing the order and ensure there is sufficient liquidity.

Rejection Message	Orders can't be placed in this symbol due to low liquidity.
Rejection Reason	Low liquidity. This rejection occurs when the selected contract has very low or no trading activity.
Solution	Avoid placing orders in illiquid contracts and choose actively traded contracts.

Rejection Message	Order can't be placed as this contract is not actively traded.
Rejection Reason	No trading activity. This rejection occurs when the contract has no trading activity.
Solution	Avoid placing orders in such contracts or use Limit Orders cautiously.

Rejection Message	Market orders are not allowed for this contract. Place a limit order instead.
Rejection Reason	Market order restriction. This rejection occurs when Market Orders are restricted due to illiquidity or contract rules.
Solution	Use a Limit Order instead.

Rejection Message	17181 Contract not traded. Market order not allowed.
Rejection Reason	Contract not traded. This rejection occurs when a Market Order is placed in a contract that has no active trades or market depth.
Solution	Place a Limit Order instead and check the contract’s volume before placing the order.

Rejection Message	INVALID COMBINATION OF ORDER ATTRIBUTES, NO VALID ORDER PROFILE FOUND.
Rejection Reason	Invalid order attributes. This rejection occurs when an unsupported combination of order attributes is used, commonly when placing a Stop Loss Market (SL-M) order on the BSE exchange where it is not supported.
Solution	Use a Stop Loss Limit (SL-L) order instead and ensure the selected order type is supported for the chosen exchange.

Rejection Message	Disclosed quantity 1 is not a multiple of lot size.
Rejection Reason	Invalid disclosed quantity. This rejection occurs when the disclosed quantity entered is not a multiple of the lot size defined for that contract.
Solution	Enter the disclosed quantity as a multiple of the lot size.

Rejection Message	Cover orders are not allowed in BSE. Try with 'Intraday/Trade' or 'Overnight/Invest' to place orders.
Rejection Reason	CO not supported in BSE. Cover Orders (CO) are not supported in the BSE Cash segment.
Solution	Use ‘Intraday/Trade’ or ‘Overnight/Invest’ product types instead.

Rejection Message	Bracket orders are not allowed in BSE. Try with 'Intraday/Trade' or 'Overnight/Invest' to place orders.
Rejection Reason	BO not supported in BSE. Bracket Orders (BO) are not supported in the BSE Cash segment.
Solution	Use standard order types supported by the exchange.

Rejection Message	Cover orders are not allowed during pre-market hours. Try with 'Intraday/Trade' or 'Overnight/Invest' to place orders.
Rejection Reason	CO pre-market restriction. This rejection occurs because Cover Orders (CO), which include both entry and stop-loss legs, are not supported during the pre-market session when live pricing and risk controls are not active.
Solution	Place Cover Orders (CO) only during regular market hours after the market opens. If placing orders before market open, use ‘Intraday/Trade’ or ‘Overnight/Invest’ instead.

Rejection Message	Bracket orders are not allowed during pre-market hours. Try with 'Intraday/Trade' or 'Overnight/Invest' to place orders.
Rejection Reason	BO pre-market restriction. This rejection occurs because Bracket Orders (BO) cannot be placed during the pre-market session.
Solution	Place Bracket Orders only during regular market hours.

Common Order Rejection Messages and Their Solutions

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Last updated: 06 Nov 2025