after buying option in position
manually for target we use Sell limit order and for stop loss we use SLM right
my question is for SLM do sufficient margin is required ?
can we go for GTT SELL (OCO) instead ?
please reply
Yes, to place second exit order, you’ll need margins.
For overnight positions, it is ideal to use GTT to place Stoploss and Target, also placing GTT won’t block any margins. You can learn more on GTT orders here:
can we modify GTT orders on chart as we do buy (limit) and sell ( limit) on chart ?
This is currently not possible.
after having sold an option, can i then later place a stop loss and target order in one step?
If one of the target or SL order gets executed will the other order get cancelled automatically?
If you’re placing SL or SL-M order, then no, you’ll have to place both Target and Stoploss orders seperately, also when one is executed other will remain pending, which you’ll have to cancel manually.
However, you can use GTT OCO order, with this you can place both Target and Stoploss together, and as name suggests (OCO - One Cancels Other) after one leg is triggered, other will be cancelled.
You can check out this post to know more about GTT:
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The mtm profit/loss shown for my fno open and closed position during the day, does it include impact of brokerage/stt/other charges or is that expense excluded from mtm figure.
No, your P&L will not include brokerage and other charges.
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