Easily place multi-leg option trades using quick add to basket

If you trade F&O strategies with multiple legs, you know how time-consuming it can be to set up multiple positions. Every order must be placed separately, with the product type, order type, and quantity filled in each time. And when markets are moving fast, that’s valuable time lost.

That’s why we’ve added a new feature on the Kite app called Quick Add to Basket. It lets you add multiple orders faster, with fewer steps and less chance of error.

Here’s how it works:

• Open the Option Chain for the instrument you want to trade
• Pick a strike and tap the basket icon next to Buy or Sell

A small tooltip will pop up showing the product type, order type, and quantity. If you add the same strike again with the same product type, it’ll also show you the total quantity.

By default, orders added this way are NRML and Limit.

If you typically trade the same quantity, enable the ‘Remember F&O Quantity’ option from app settings. Kite will remember the last quantity you used for that symbol and autofill it for you the next time.

Once you’ve added all your legs, tap the basket icon at the top to review and place your orders.

You can even manage the basket across different pages in Kite. Inside the basket, you can:

• Check the margin requirements.
• Review all your orders together
• Change quantity or price, or clone an order to place another for the same strike
• Rearrange the sequence of orders or delete them if needed

Here’s how this feature is helpful:

Quicker to build strategies: For strategies like straddles, strangles, spreads, or condors, you can add multiple legs directly from the Option Chain without jumping back and forth.

Reduces errors: Since product type and order type carry forward automatically, and quantity can be remembered, you’re not re-entering details every time. That means fewer chances of a fat-finger error while trading in a hurry.