Very narrow price band allowed in Nifty and Bank Nifty

[_satya]

@ShubhS9

If you have sufficient funds you can first take Short Position outside the allowed range, which will allow you to Buy an Option that is outside the allowed range.

Shubh,

the original poster posted a screen shot that said “Nifty contracts allowed for trading 10850 to 11500 CE and PE”

Doesnt that mean you wont be allowed to short outside this range either?

Are you saying ( taking the above allowed range as an example) if I sell a 10500 PE the system will allow me to do that? Post which it will also let me buy a 10300 PE for example which is way OTM?

If the solution was so simple why does another thread say that some clients were migrated to Orbis as a solution?

Strike price is outside the allowed range

@nithin , @siva Greetings to both of you . I recently had a trade on nifty 8800 pe 23rd April exp(short option on Friday 4/17/2020 morning) , By Evening i was well in profits . Now Before the markets close i wanted to hedge my position by buying a lower strike pe 8700 which was within range as per https://zerodha.com/margin-calculator/SPAN/ . 1)Why could i not buy the 8700 PE despite it being in range ?(I assume its because of 500 CR limit reached by zerodha) 2)Now that my options are lef…

The original poster in the thread above had a short position and was trying to enter a long to hedge his overnight position and the system wasnt letting him buy OTM

Please clarify

Thanks