Option Strike price based on Ltp percentage for Buy Orders for entity account

Today’s Bnk Nifty’s range was around 25000 to 25400.

why the order was rejected,

What do i need to check before buying an option to avoid this error, please explain.

Check this

this is a “ZERODHA” error.

we get penalized for being retail traders i suppose.

check the following thread for more information : Order Rejected RMS Rule

i think i should go back to Sharekhan…

@nithin @siva , Is there any update for the second account Zerodha was going to open with Exchange to facilitate more option buying

Today Bank nifty is at 26250 right now and I am unable to buy 25900 PE which is just 1 to 1.5% away (VIX touching 20 means 1% is a non move), and its one day before expiry. This is becoming very difficult for retailers with small capital and they end up buying options which are overpriced.

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Working on this, this is on our priority list but will take time as many regulatory things are involved.