What products are offered by ‘OPTION TRADER’?

Option trader offers a range of products for trading as: -

1. CNC (Cash & Carry or Delivery Order)

For trading Equity in the delivery segment.

2. MIS (Margin Intraday Square Off Order)

For intraday trading in equity and F&O segments. All MIS trades are squared off automatically at the end of the trading session if not closed by the customer.

3. NRML (Normal or Carry Forward Order)

Normal orders are used for an overnight position in Equity F&O, Currency F&O, and Commodities F&O. Orders placed under NRML products are not squared off at the end of the day.

4. BO (Bracket Order)

A Bracket Order is an advance order which allows traders to take an intra-day position and take advantage of extra exposure while being protected through a stop-loss order and a profit booking order.

5. CO (Cover Order or Margin Plus Order)

A cover order is an advance order in which the buy/sell order is automatically placed along with a stop-loss order in a single click. CO allows trading with higher exposure as it minimizes the risk.

6. BTST (Buy Today Sell Tomorrow Order)

Also known as PTST (Purchase Today Sell Tomorrow) or ATST (Acquire Today Sell Tomorrow). This order allows the trader to sell shares one day after the buy order, without waiting for shares being credited to the demat account from buy order. In this case, the trader doesn't have to wait for T+2 days to sell. Technically, the BTST order give 2 extra days to the intraday traders. This increases the probability of a better return. In simple words it allows you to sell before getting delivery of the stock to your demat account.

7. MTF (Margin Trade Funding Order):

MTF orders allow the trader to carry delivery position beyond 7 days, by paying only a small percentage of the security's value known as margin amount.