StopLoss for a Options order


Is it possible to set stoploss for an options order based on the underlying’s value?

For example, I am buying NIFTY NOV 10300 CA for 171. Is it possible to place a stoploss if the underlying NIFTY goes below 10200?

yes its possible for most liquid contacts
Option price depends on 4 things

  1. underlying price
  2. No of days to expiry
  3. Implied volatility
  4. strike price of option

Put this values in Option calculator, you will get the option pricem that will be when nifty is at 10200