Comment on Deciphering NSE's 'Execution Range' circular.

Rony Zacharia commented on 10 Dec 2018, 03:01 PM

Today morning I bought 100 quantities of BANKNIFTY13DEC1827000CE @ Rs.49.1. Later at noon when I tried to buy the same qty again at price Rs.44 (in fact I tried different price between 43 and 49), getting rejected each order immediately with below reject reason.

RMS:Rule: Option Strike price based on Ltp percentage for Buy Orders for entity account-YL9667 across exchange across segment across product

can you explain the reason with the above scenario ?

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