How to place SL and Target for options

[JayK]

Hi @infiniti,

Welcome to Dhan community.

We have OCO order that should address your requirement.

Introducing Forever Orders (with OCO) on Sell Side

Traders need a lot of capabilities in trading platforms to ensure they minimize their risks and also at the same time focus on being profitable. Some of these are especially important in the volatile markets that we are witnessing these days, or even otherwise. Over the period of last few months, we have kept making Dhan better with trading focussed features like - Integration with TradingView (tv.dhan.co), Basket Orders with Margin Benefit, Managing Open Positions as Group based on underlying,…

Stop loss market orders are not allowed in options, so stop loss orders have to be limit. And for limit orders as well, there are exchange requirement for price protection, which may lead to rejection if limit price is out of range. We have explained this here:

Limit Price Protection (LPP) on Trading in Index Options

Hi Everyone Recently the NSE has come up with the circular dated 28/10/2022 for pre-trade risk controls. NSE has applied a new mechanism of Limit Price Protection (LPP) on Index Options. This is to make sure an effective risk management framework is in place and to achieve fair price discovery in the market. What is Limit Price Protection? Limit Price Protection or LPP is the mechanism to define the price range for the Limit Orders if these order types are placed out of that range they will b…

For your specific case or order rejection, request if you can please share the details with Customer Support on help@dhan.co.

Also, we had recently introduced Bracket Order for Options in Beta mode. Based on user feedback, we are optimizing it and will re-introduce it soon. This has the option to add stop loss & target at the time of placing initial order.