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

**URL:** https://tradingqna.com/t/option-strike-price-based-on-ltp-percentage-for-buy-orders-for-entity-account/48517
**Category:** Zerodha
**Created:** [October 12, 2018, 2:31pm UTC](https://tradingqna.com/t/option-strike-price-based-on-ltp-percentage-for-buy-orders-for-entity-account/48517 "2018-10-12T14:31:33Z")
**Posts on this page:** 5
**Page:** 1

<div class="post-metadata">

### Author: ![Muniz.Reza](https://tradingqna.com/user_avatar/tradingqna.com/muniz.reza/32/13496_2.png) [@Muniz.Reza](https://tradingqna.com/u/Muniz.Reza)
#### Post date: [October 12, 2018, 2:31pm UTC](https://tradingqna.com/t/option-strike-price-based-on-ltp-percentage-for-buy-orders-for-entity-account/48517/1 "2018-10-12T14:31:33Z")

</div>

Today’s Bnk Nifty’s range was around 25000 to 25400.  
 ![Capture](https://tradingqna.com/uploads/default/original/2X/d/d576312e9136e1b3cd225498cd5a581ca7fa5b8c.PNG)

why the order was rejected,

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

---

<div class="post-metadata">

### Author: ![Sandeep7](https://tradingqna.com/letter_avatar_proxy/v4/letter/s/a8b319/32.png) [@Sandeep7](https://tradingqna.com/u/Sandeep7)
#### Post date: [October 12, 2018, 2:56pm UTC](https://tradingqna.com/t/option-strike-price-based-on-ltp-percentage-for-buy-orders-for-entity-account/48517/2 "2018-10-12T14:56:16Z")

</div>

Check this

> [@Order Rejected RMS Rule](https://tradingqna.com/t/order-rejected-rms-rule/18068):
>
> I am getting a notification of order rejection RMS:Rule: Option Strike price based on Ltp percentage for entity account-xx1234 across exchange across segment across product

---

<div class="post-metadata">

### Author: ![saintofinternet](https://tradingqna.com/user_avatar/tradingqna.com/saintofinternet/32/4058_2.png) [@saintofinternet](https://tradingqna.com/u/saintofinternet)
#### Post date: [November 21, 2018, 6:08am UTC](https://tradingqna.com/t/option-strike-price-based-on-ltp-percentage-for-buy-orders-for-entity-account/48517/3 "2018-11-21T06:08:41Z")

</div>

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](https://tradingqna.com/t/order-rejected-rms-rule/18068/4)

i think i should go back to Sharekhan…

---

<div class="post-metadata">

### Author: ![Newbie420](https://tradingqna.com/user_avatar/tradingqna.com/newbie420/32/10908_2.png) [@Newbie420](https://tradingqna.com/u/Newbie420)
#### Post date: [November 21, 2018, 7:32am UTC](https://tradingqna.com/t/option-strike-price-based-on-ltp-percentage-for-buy-orders-for-entity-account/48517/4 "2018-11-21T07:32:32Z")

</div>

@nithin @siva-reddy , 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.

---

<div class="post-metadata">

### Author: ![siva-reddy](https://tradingqna.com/user_avatar/tradingqna.com/siva-reddy/32/111_2.png) [@siva-reddy](https://tradingqna.com/u/siva-reddy)
#### Post date: [November 21, 2018, 9:51am UTC](https://tradingqna.com/t/option-strike-price-based-on-ltp-percentage-for-buy-orders-for-entity-account/48517/5 "2018-11-21T09:51:57Z")

</div>

> [@Newbie420](#):
>
> Is there any update for the second account Zerodha was going to open with Exchange to facilitate more option buying

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