Comment on Stop Loss orders - Limit/Market

Nithin Kamath commented on 11 Aug 2013, 02:22 AM

Rvk,

All the pending orders are removed from the exchange at the end of the day, so both your SL orders that you have placed today is valid only till the end of the day. What you could do though is use AMO orders in the evening after market closing for both the SL for calls and puts. After market orders(AMO) are sent to the exchange the next day morning automatically by our system.

The overnight riskless points as you rightly mentioned especially with a strategy like what you have said is actually bullshit. 🙂 .. The thing with options is that more often than not they lose value overnight than actually gaining unless if there is a major news event that happens in the evening.

Hope this clarifies.

Cheers,

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