SL with Underlying %

samir7399

I would like to understand one of the StopLoss features - Underlying %

Lets say I have sold an ATM Call and set the SL at Underlying 0.4%

Does it mean that the Call leg will be squared off when the underlying price "rises" by 0.4% ...and not when it falls?

samir7399

@Ramneet - any update on this?

Ramneet

Hi,
Call leg will be squared off (sl hit) when the underlying price rises by 0.4%.
for eg-
if the underlying price is 43000 (at the time of call entry), then the trade will be squared off at 43172 ( 172 is 0.4% of 43000 ).

samir7399

Ramneet - Thanks for confirming !!