Is there a way to place a normal order for options and then add Target/SL after execution through API?

APIs, Algo Strategies & Code
1

Hello Team,

Is there a way to place a normal order for options and then add Target/SL after execution through API?

In simpler terms, can I place an intraday Buy/Sell order for options at market price and after order execution can I set target and stop loss on that position based on the executed price?

It is like placing a market order and later converting/modifying it to a bracket order.

2

Hello @Djain

You cannot convert productType for an order after it has been placed. What you can instead do is place a normal Intraday order, and once it has been placed, you can place another SL-M order (stop loss market).

Or you can place a BO order with wide Target/Stop Loss and later modify these legs as per execution price.

3

Yes my system does follow the latter suggestion with other brokers. Place a BO with wide SL/Target and then modify as per buying average.

But to place a BO we cannot get LTP of the option with Dhan so even wide targets and SL is not possible.

Anyway, thanks for your inputs!