How to know the circuit limit for currency derivatives?
When I try to sell my existing USDINR option position, a message occurred RMS:Rule: Check circuit limit including square off order exceeds for entity account-****** across exchange across segment across product.
Hey @Prateek_Mittal
The Exchange has introduced contract specific operating ranges based on the delta of the options contract using underlying previous close price and volatility subject to a minimum operating range which would be applicable for all contracts. The operating range may be flexed during the day in case the options traded price crosses 80% of the set range, at the discretion of the Exchange.
You can refer to sec 1.6 of Part B in this circular from NSE.
Thanks Kshiteesh_Saralaya for your valuable response.
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