How to place an order to buy an Option above current price …for Example :say … BANKNIFTY 34000 PE trading at 144 and you want to buy @160 or above …then how to place the order in FYERS WEB…as i placed a buy limit order and it bought @ the market price…
Please help me with an example
You need to use the Stop Limit Buy order, with Limit Price at 160, and Stop Price at 159.95.
Or you can use a plain Stop Order, in which case you have to enter only the Stop Price as 160 on your order window, but this order type is risky, since if there is a breakout it will buy at the next ask price available, which could be very far higher from 160.
