What are the conditions for Entry Price?
- There should be a price gap of at least 0.5% between Last Trade Price (LTP) and Entry price of any leg of GTT.
- There should be a price gap of at least 1% between both legs of GTT if OCO GTT is being placed along with normal order.
- Relation between Entry Price and Order Price:
- Buy Side: Entry Price <= Order Price
- Sell Side: Entry Price >= Order Price
This condition is kept so that your order acts like a market order and can be successfully executed at the exchange.
Related Articles
What happens when the GTT entry price is breached?
When the pre-conditions are met, the order is placed on exchange. However, note that the trigger set is valid only once. So if the order is placed at the exchange and didn’t get execute for any reason, the GTT has to be placed again by you.
Why I am able to see difference between last traded price and closing price ?
The last traded price (LTP) usually differs from the closing price of the day. This because the closing price of the day is the weighted average price of the last 30 mins of trading. The last traded price of the day is the actual last traded price. ...
What is the Average Traded Price of a scrip?
The average traded price is what buyers have paid for one share/contract on average, during a trading session. The average traded price is also referred as the volume-weighted average price.
Can I search for a derivative contract via Strike Price?
Yes, you can search for a derivative contract via Strike Price. You can simply type “18500” to get Option Contracts with a strike price of 18500, whether it is Nifty or some other contract.
What happens during strike price adjustment in options?
When a corporate action leads to a strike price adjustment: • The existing position is closed at its theoretical value prior to adjustment • A new position is created at the adjusted strike price • The value is carried forward to the new position ...