How to keep stop loss for options as well as sell orders

Algos, strategies, code
1

Suppose I had bought an option for 2 and I would like to sell it at 4 and want to keep stop loss of 1. How can I keep both. If it is not possible please tell me even how to keep options for stop loss

2

NaMasTe TraDeR,

You can get this done in 2 ways:

  1. Use a bracket order or

  2. Place 2 separate orders after you opened the trade, one for stop loss and one for profit booking

a) Profit booking order will be a regular SELL LIMIT order with price at 4.

b) Stoploss order will be a STOP LOSS SELL LIMIT order with price and target at 1.

3

how to place bracket orders in positional options??