Hi Guys,
General query.
If I am holding a option position Ex - Nifty 25000 CE (S) and Nifty 25300 (B). I want to shift the sell leg further. So Ideally, I should place order for Nifty 25000 (B) and Nifty 25100 (S).
This should execute the order? Isnt it? If not please let know what is the best way to do this with margin benefit.
I tried using this, However, mostly my sell leg will get bought but the new sell order will not execute.
Thanks.
yes, if you’ve concern for margin first exit the existing short leg and then enter in new strike.
But that means I need to square off my long leg as well. Else, the short leg order will not execute.
no, you do not need to exit the long leg. you just need to exit the current short leg and enter in new short leg. long leg (margin/hedge) leg will stay as it is. no need to do anything to that leg. just make sure for margin benefits, all positions are in either intraday or in normal orders. both legs needs to be in same type to get the benefit.