Say, I have sold an option contract for Price X, and place SLL at 1.25*X. Currently I am using PRICE as Rs.10 greater than TRIGGER PRICE (to simulate SLM order type). This has been working well for me for a while. I have been trying to find out what happens to the SL order STATUS if there is significant volatility and the price skips even beyond the PRICE. Will the order status be OPEN or will it be CANCELLED? I would appreciate any help to resolve this. I will have to write further checks based on the order status. Apologies if this question has been answered before.
