Comment on Option buying: The riskiest trade out there

Prashanth D commented on 02 Jul 2021, 09:36 PM

Feature Suggestion
Very informative and useful for retail investors. Educate but not enforce.

1. On a weekly expiry day (usually Thursday) most of them trade MIS for reasons like lower margin requirement and auto square off in case you miss. However, come to Next day people want to trade NRML and the system intelligently remembers previous day MIS and if the trader misses to change it (usual practice), then he would end up taking an intraday trade although he wants to trade NRML.

The best is to allow user to set default option of MIS OR NRML under settings basis his most preferred mode of trading. Only when he needs to trade otherwise he will do it by switching the other mode.

View the full comment thread »