Re: Todays Buy Levels
ORDER CANNOT BE ACCEPTED AS TRADING IS NOT ALLOWED IN ILLIQUID CONTRACTS
These were the reasons given by Indiabulls. Interesting piece of ****
In the following situations, an option contract is treated as illiquid by the system
1. Offer price is greater than 1.25* Bid Price (more than 25%)
2. If the current traded volume for an option contract is less than a specified percentage (5%, 1% for NIFTY) of the maximum volume for options contracts for that underlying.
3. If in order book for that contract, there are less than 5 legs on either buy side or sell side.
4. Strike price for an option contract is less than 0.75 of underlying market price or greater than 1.25 of underlying market price (25% band)