Specifying Buy Price, Stop Loss Price, and Target price at the same time in Options

Zerodha
1

Hi Experts,
I have three requirements while buying an option, for which I want to place a single order.

I want to buy one stock option at a specific price (which is different from the current market price).
Suppose wanted to buy TCS November’s 2280 strike Buy call at price INR 65 (current price is 60).

I want to set a stop loss of 5.

I wanted to set a target of 10.

I tried creating a limit, Bracket Order, but Zerodha says that MIS/BO/CO orders are blocked for this instrument.
Is there a way to do so?

Thanks in advance.

2

no , in options only cash trade, also you have to track manually

3

Fyers have started providing BO,CO for options
They have first introduced for index options

4

in options …stop orders get taken out easily due to huge volatility , don’t know about fyers

5

You can’t do all of this all at once for options. But can do one by one. Place a NRML limit buy order for option at 65
Once that trade is executed, place a limit sell order for 75 and a sL sell order for 60. That’s it.
Also these order expire at the end of the day. So you need to give fresh orders every day

6

Thank you for your response. This looks reasonable.

Though once while trading with BankNifty, I saw that Zerodha did not allow the same.
I had bought BNF Call Option.
And I already had a Limit order placed (to take profit).
Next I tried to place a Stop-Loss order, and Zerodha rejected the order saying something like Insufficient Margin.