Hi,
I have a question of when I am trading on strangle or straddle. Is there a way I can book profit at the same time, in one strike price if the corresponding strike price hits the stop loss.
Let’s say if Nifty is trading at 15000…and I opened Straddle
Order1: Sold PUT of 14900 @ Rs.150 with Rs.180 Stoploss
Order2: Sold CALL of 15100 @ Rs.140 with Rs.170 Stoploss
Now let’s say because of the sudden movement in market PUT price has increased by Rs.30 and it has triggered the stop loss I have PUT @ Rs.180.
Is there a way where system will also book the profit at the market price on the CALL option sold at the same time my stop loss was triggered.