Not able to buy BANKNIFTY12JUL1826500PE

aharish
Hi,

I am trying to place BUY order for BANKNIFTY12JUL1826500PE but my order is getting rejected with following error message:

RMS:Rule: Option Strike price based on Ltp percentage for entity account-DH1389 across exchange across segment across product

It has huge volume traded. WHy should RMS reject my order?

Please help.
  • rakeshr
    @aharish
    Above order is rejected, because there is a restriction on Banknifty options strikes range due to a violation of broker level open interest of 15% from exchange.We can't do much on this.For details, you can visit this link.
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