Since I am an options trader, I want to place SL exactly between a range (no positive or negative slippages).
For instance, I bought an option at Rs.100 and want to place SL between 140 and 142.
As per zerodha, if I choose normal SL (trigger at 140 and limit at 142) and let’s say market price touches 140 and then came back to 138, still my orders gets executed (positive slippage). So how to avoid this?
If I Put both trigger and limit as 140, would that serve the purpose? Because technically, that also might give positive slippage if above scenario happens, right?
Since you are trading Options, given their volatility, you are better of placing order by giving some room between Trigger and Price than placing both Trigger and Price at same level.
Say in second scenario where your Trigger and Price are at same level, trigger hits at 140 and price moves to 141, in this scenario your Sell order won’t get executed.
“if I choose normal SL (trigger at 140 and limit at 142) and let’s say market price touches 140 and then came back to 138, still my orders gets executed (positive slippage)”, right?
Also, “If I Put both trigger and limit as 140, would that serve the purpose? Because technically, that also might give positive slippage if above scenario happens, right?”