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A contract where a trader can take take 2 different position on the same Option in a single order.
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A paired option contract allows a trader to take different positions with Options of the same underlying, strike price and expiry in a single order. Such contracts include 1 Call and 1 Put position. You have minimum 2 In-the-Money (ITM), 2 Out-of-the-Money (OTM) and 1 At-the-Money (ATM) paired option contracts are made available for Trading.
On ‘Buying’ a paired contract, a buy trade gets generated on the Call option and a sell trade gets generated on the Put option whereas On ‘Selling’ a paired option, a sell trade gets generated on Call and a buy on the Put option.
Paired option contracts are available in currency and equity derivative segment.
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