Comment on Margins- 2 Exit orders for 1 position

Pallavi commented on 30 Jun 2016, 12:01 PM

The above example is clear to me. In options we cannot place 2 exit orders. In this case how can i exit my option position.

Suppose i am long in call at 85. The call is now trading at 100. I already have a SL in system at 80. I am in profit so I want to exit. My questions are:
– Should i simply modify the SL order to market and exit.
– In case of stock options I cannot place a market order. How do i exit here in both scenarios…at market price and at a limit price.

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