Very much impressed with the reversal features in the Scalper ,kindly add Auto Reversal also for the options in the scalper on Target :
a. Auto Reversal at target: Auto reversal at target; here, there can be two choices at the target level (when it hits the target).
i. Exit the position: Here, the current feature works where it just exits the position.
ii. Auto reversal: Where the position is opened on the opposite side; like if CE, then exiting the current position, then entry in PE should be at the ATM level (or predefined level).
• Points to note: Reversal entry quantity or strike level can have the following choices.
○ Quantity: Can have the following 3 choices.
§ Position qty:
□ Option 1: Can enter in the opposite direction at the same qty of the position just closed.
® Key Challenges: Increased margin requirement if the reversal is happening from PE to CE.
□ Option 2: Entry value/margin, based on the entry value–derived qty of the exiting position. Here, the qty is derived based on the value or margin of entry of the current position.
□ Option 3: Entry based on the predefined value; we can enter a value or margin to be considered for the reversal, where qty will be auto-arrived by the Sahi system based on opposite-side pricing, rounded to batch qty.
○ Strike price: Strike price can be taken as ATM by default and can have OTM 1 or ITM 1 as an option to choose, if possible.