I’m facing an issue with Intraday Super Orders. I execute an intraday super order in the morning, and before the intraday close I convert the position to delivery. However, I notice that both the intraday super order target and stop-loss legs still remain active even after market close.
Do I need to close these manually, or is there a way to ensure they are automatically squared off once the position is converted to delivery?
This is because you have converted your position to Delivery. While converting position to Delivery, provided your first leg is already triggered, the stop loss and target will remain active until either one of them gets hit. You will need to close them manually in that case. Please let me know if this helps or you have any further questions ?
Hi Pranita, thanks for the clarification. Just curious, what happens if someone forgets to cancel the pending legs manually? For example, if the stock goes down the next day and the intraday Super Order stop(which is still hanging around) gets triggered, will it still execute and result in an unintended intraday sell position?