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

Anurag Rana commented on 13 May 2014, 01:56 AM

Thanks Nithin for this explanatory blog post. Any reason why the reference price is not applicable for the same month expiry? (Apart from the fact that they don’t have liquidity issues and lower volumes)

Also, if i understand this correctly, i can assume the likelihood of the following scenario:

Suppose i am sitting on profits and holding 100 lots of 7000 CE call (trading at Rs.294), and tomorrow i want to close my position by putting a MARKET sell order when it touches Rs.300, so assuming that the reference price system is not applicable, i could get a fill of anything below Rs.270 (10%) also for some or all of my lots?

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