Yes, Good Till Triggered (GTT) orders are available for F&O contracts. Since F&O contracts, unlike stocks, have an expiry date, here are a few things to remember:
- Your GTT orders for F&O contracts remain valid only until the contract expires. When the contract expires, your GTT also expires.
- If you place a GTT order for a contract that Zerodha does not allow for trading, your order will be rejected when it triggers.
- Always check for any pending GTTs for an instrument before you place another order.
- Your GTTs for equity F&O contracts may be cancelled if a corporate action directly affects the lot size or price.
- Your GTTs for index F&O contracts will be cancelled whenever the lot size for the contract changes.
- Stock F&O contracts come with compulsory physical delivery. If your GTT leads to a position in a stock F&O contract and the contract expires, you may end up with a physical delivery obligation. This means you have to either give or take delivery of the shares.
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If your GTT closes one side of a hedged position, the margin requirement for your overall portfolio may increase. In such cases, Zerodha can square off your position at any time.
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GTT orders are not available for the Currency and Commodity segments.
Visit zerodha.com/tos/gtt to know all the terms and conditions.