Comment on Option Strategy - Zerodha Trader

A.k. Aggarwal commented on 19 Apr 2018, 04:25 PM

Hi Mr. Nitin

Today is was Bank Nifty Weekly expiry, I had tried to take some position but every time my orders, Market Order, Limit Order or SL – Order all were rejected every time there was a message : –

rms:rule: option strike price based on ltp percentage for entity

I called customer care, I have been told that you had set the limit on Bank Nifty weekly option. +/- 250 points from the current current Index position. My questions are :-

1. Its for the last day only or for the whole week
2. Its with all the brokers or only with Zerodha
3. If others brokers don’t having same sort of limit, why with Zerodha

As we all aware last day in Bank Nifty Expiry is very important and on some days volatility been much higher by the limits been set by you.

Regards

A.K. Aggarwal

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