Why are market orders blocked for deep ITM index options?
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You can place market orders for deep ITM nifty and bank nifty options contract.
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Market orders are blocked for other scrips as ITM contract could be illiquid and the bid-ask spread could be very high which could affect your PnL. The bid-ask price could be far from the LTP of the contract.
Still have questions?
Why is there a mismatch of profit and loss and the quantity of my open positions on InstaTrade and the Neo App/Web?
When I have squared off my positions, why are they still reflecting as an open positions on InstaTrade?
Why was the InstaTrade square-off order rejected?
If I modify or cancel my InstaTrade orders from the Neo App/Web, will it update on InstaTrade as well?