Confusion while selling options which are purchased more than the freeze Quantity

[Prayag]

@sachin_Learner

7000 shares but still be able to split it into multiple orders

Iceberg/Reserve order can be used for achieving this but as @Gautam mentioned this isn’t available in Zerodha Kite (should be achievable using their API. Check Kite Connect 3 / API documentation and Kite Connect developer forum).

Interactive Brokers does provide this order type (404 Page Not Found | Interactive Brokers).

To learn more about how Iceberg orders work, refer to the thread below

@nithin

Iceberg is an algorithm which similar to how most icebergs visually look very small with most ice hidden beneath, posts small orders into market while holding the balance to optimize price and size of various orders while keeping in synchronization with each tick in the market.Once the previous posted orders are executed they are replaced with the next chunk of orders of the same size as that of the previous one.

Example:

Buy 10000 Nestle Industries at 120.00 showing 100 at a time, good for the day.

The iceberg will place one order with 100 quantity in the market, once all these quantities are traded only then next child order for the same quantity i.e: 100 will be placed in the market.This goes on till all the 10000 quantity has been traded.

You can read more on such execution based algo’s here .

Since it is an algo which places order automatically, it is not allowed for retail traders in India, and is typically used by HNI and Institutions who have access to advance dealer terminals.