If you hold a short option position, you can buy options at any strike price for hedging purposes to the extent of quantity shorted. Also, we consider net long/short of option positions rather than specifically CE/PE.
Can you DM me your Client ID? Will have this checked.
@ShubhS9 Thanks for quick reply. My client id is QX7963.
Have also raised ticket 20220506621751 for the same purpose.
Thanks
Currently you only have Bank Nifty futures position. You cannot buy options outside the allowed range if you hold futures position.
For example you hold:
Long futures: 25 quantity
Short Option: 50 quantity
On a net basis you’re only 25 quantity short. So you can you will be able to buy only 25 quantity outside the allowed range, not 50.
Zerodha declares normal tradeable strikes for BN before market opens. The range is approx 300 points. Normally BN opens above/below the range. Can we select strikes considering current price ?
Example : The range for BN declared is 38900 to 39100. If BN opens at 39200, can we trade for 39300/39400 strike rates ? In addition, if it reaches 39500, can we buy 39600/39700 with NRMLl order ?
Yes, the range will change based on the underlying spot. You can see the current range in the order window as a nudge.
Thank you Sir.
