Exactly… This is what I wanted to convey… This is real frustrating… The philosophy of basket order gets diminished here…
You can use limit order like market order by placing buy limit order above CMP and sell limit order below CMP. This way the order will get executed at best available price in the market, but not beyond the limit price specified by you. More on this here.
[tarakesh]… and fello traders , i want to know whether the order goes through if we use limit orders … Or is there a possibility that one leg of basket got executed and other is in ques(pending). This way the very purpose of basket order is not fulfilled. Also directional traders extensively trade stock options. so this would be a major limitation .
You’re placing an order for next week expity. Market orders are allowed only for the current week and the current month expires. For all other expires you will have to use limit orders. You can place a limit order like a market order, here’s how.
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How to sell such orders? My order is already placed but I can’t sell it
A limit order will only execute at the price specified or a better price, ie. at the price specified for a lower price for buy order and price specified or a higher price for a sell order.
You can also use limit order like a market order by placing limit buy order above the LTP and limit sell order below the LTP, as limit order executes at the price specified or a better price, these order will execute at best available price in the market but not beyond the limit price. You can learn more on this here:
Hi, My understanding is like this- Options premium is derived from the parent stock. There are various factors which decide the premium. So for the derived premium there will be a bid and ask if the 3 price points (Premium,bid and ask) matches there establish a contract.
This might be wrong concept. Could you pls correct me with proper explanation?
So is there any way one can create an Iron Condor in stocks options in Zerodha and exit it peacefully?
If yes, can someone describe it step by step?
Nifty 50 heavy weights such as RIL, HDFC, ICICI. INFY etc are so liquid, especially their ATM and strikes close to ATM. so If you are afraid of bulk orders getting executed and client will face loss due to slippage, you can have a cap limit of 2(upto you) for market orders especially for the top heavyweights of Nifty 50 You can completely block market orders on expiry day and allow on other days such that the case of 0.5 mostly will not happen. And no retail traders has money to trade in multiple of 10s or 100 lots.
placing a limit order for 1 strike can be easy, but for some one who wants to deploy some strategy which has more than 1 strike is not feasible and will result in loss,
While SEBI has done a lot to save retail traders, you can do something on your part too, saving retail traders will save you.
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its been 2 weeks, any update?
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Lol. Weeks are equal to hours in Zerodha’s timescale.
Looks like they are not eager to ‘save’ retailers as much as SEBI. They like to ‘save’ more on money by keeping their team size ‘small’ 
I asked because its evident that 1 year from now, no retailers will be allowed to trade Index options. atleast if we have the market order in stock options we can trade else that too will be out of context. Broking industry including Zerodha will take a big hit when we are barred from trading Index FO
@ShubhS9 @nithin Just an answer, yes or no. no need to take this much long or hide anything
Nothing like retailers will be not allowed to trade in index options. This is a fake news as of now.
We blocked market orders for stock options mainly due to large spreads, there are only decent spreads in few top current month options, rest all have very large spreads, said that let us review this again if we can provide market orders with some market protection, but again users will complain that their orders are not traded because of our protection, as there is no one right market protection.
The measures introduced under the guise of protecting retailers are clearly aimed at reducing volume—a fact that most people recognize. Similarly, in the future, additional eligibility criteria may be imposed under various pretexts. While there may not be a direct or outright ban, these indirect restrictions effectively serve the same purpose. Perhaps I’m being a bit too candid.
In the meantime, please review the spreads of all major heavyweights, particularly the ATM and nearby strikes, along with their respective spreads and volumes. There’s no need for a separate protection mechanism—a market order with a capped limit will suffice. You can conduct virtual trading for the next couple of weeks, and if the results are satisfactory, consider introducing it as a New Year bonus for your customers.
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Few Suggessions:
Volume-Based Validation Allow market orders only for strikes with a minimum threshold of recent trading volume and open interest. This ensures that orders are executed in liquid strikes, reducing the risk of slippage.
Daily Limits for Market Orders: Set a daily cap on the number of market orders that any individual trader can place. For example, allow a maximum of 10 market orders per day to limit potential misuse.
Along with cap limit and the above ideas you can strike a balance between protecting market integrity and providing retail traders with more efficient trading option
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Enough of ‘saving’ us guys!
Can you just leave us alone and let us die? Thank you.
Seriously the narrative of ‘saving’ people has become overtly irritative. You become our nanny and will just migrate from your platform or country ultimately.
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