Is it possible to set stop loss while 'buy'ing a contract?

General
1

Hi,

Is it possible to place a stop loss while buying itself?

for example: I see that premium of option contract is Rs.70 and I want to set stop loss at Rs.65. Is it possible to do that in one-go instead of first buy order (MKT) and then stop loss order(SL-M)?

As far as I have seen the kite interface it doesn’t allow but hoping that there is a way that I may have missed :slight_smile:

I am using Kite and would like to know for a market order.

Thank you

2

Use cover order for this. It allows you to place stop loss along with the main buy/sell order. Use bracket order to place stop loss as well as target order simultaneously.