Price Ladder - Frequently Asked Questions

Question 1

How do I open the Price Ladder?

Accepted Answer

Click on Widgets from the left-hand menu.

Choose Price Ladder

Search and select your desired symbol (e.g., NIFTY 50).

The ladder opens preloaded with the ATM option.

This view shows bid/ask depth and allows one-click trading.

Question 2

What do 'Bid' and 'Offer' mean on the ladder?

Accepted Answer

Bid: The highest price a buyer is willing to pay (left column)

Offer: The lowest price a seller will accept (right column)

✅ Clicking on a Bid price places a Buy order
✅ Clicking on an Offer price places a Sell order

Question 3

How can I customize my order (quantity, price, type)?

Accepted Answer

When the ladder loads, the Order Entry Panel appears with:

Option Contract (e.g., NIFTY 24 APR 24150 CE)

Order Type: Default is Limit

Quantity: Default is 75 (1 lot)

Click the panel to:

Change quantity

Switch to Market, Bracket, or Cover orders

Add Stop-Loss or Target

For full customization, refer to our Entry Panel Guide.

Question 4

How do I place my first order?

Accepted Answer

To place a Buy Order:

Click on any Bid price (left side)

Confirm the order on the prompt

You’ll see the order on the ladder as pending, filled, or active

To place a Sell Order:

Click on any Offer price (right side)

You can also drag orders up/down to modify price in real-time.

Question 5

How do I exit a position?

Accepted Answer

You have two ways:

Click on the Exit button in the Entry Panel.

Place a reverse order using the ladder (Sell if you bought; Buy if you sold)

OptionX also shows your live P&L to help you time the exit.

Question 6

How do I add a Stop Loss or set a Target?

Accepted Answer

Use Bracket Orders or Cover Orders in the Entry Panel:

Bracket = Entry + SL + Target (OCO)

Cover = Entry + Mandatory SL
You can also enable Auto SL Trailing to automatically move your stop-loss as price moves in your favor.

Question 7

What are those drag-and-drop features I see on the ladder?

Accepted Answer

That’s OptionX’s visual order control system:

Drag orders to modify price

Right-click to cancel

Real-time changes without going to a separate panel

This makes it perfect for scalping and fast-moving markets.

Question 8

What’s the difference between Price Ladder and Spread Ladder?

Accepted Answer

Price Ladder: For single-leg trades

Spread Ladder: For executing full strategies involving 2+ legs (like Spreads, Straddles, Condors)

Spread Ladder aligns execution for all legs with minimal slippage.

Question 9

What is Price Ladder XY?

Accepted Answer

Price Ladder XY is a smart trading tool that lets you place option orders based on the index price (like Nifty or Bank Nifty), not the option price itself. It's great for quick trades during market moves.

Question 10

How is Price Ladder XY is different from regular trading tools?

Accepted Answer

Unlike standard tools where you trade based on option prices, Price Ladder XY links your trades directly to the index price, letting you act instantly when a level (like 24,000 on Nifty) is hit.

Question 11

Who should use Price Ladder XY?

Accepted Answer

It's ideal for scalpers, intraday traders, and high-frequency traders who need to react fast to market breakouts or reversals.

Question 12

How do I access Price Ladder XY on OptionX?

Accepted Answer

Log in to the OptionX platform → Go to the Widgets/Tools section → Click on Price Ladder XY → Choose your index (like NIFTY or BANK NIFTY).

Question 13

Can I use it for practice without real money?

Accepted Answer

Yes, enable Paper Trading mode to test strategies risk-free.

Question 14

Does Price ladder XY automatically select the option contract?

Accepted Answer

Yes, the ladder auto-focuses on the At-The-Money (ATM) option contract based on the index level. Or you can change the option contract from the entry panel.

Question 15

What is the Spread Ladder in OptionX?

Accepted Answer

The Spread Ladder lets you place and manage multi-leg option strategies (like Iron Condor, Strangle, etc.) in one click, without placing each leg manually.

Question 16

What strategies can I use with the Spread Ladder?

Accepted Answer

You can trade advanced strategies like Iron Condor, Strangle, Butterfly, and Calendar Spreads, all from a single interface. You can create your own strategy, or OptionX will give you 36+ prebuilt strategies.

Question 17

How do I open the Spread Ladder?

Accepted Answer

Go to the Widgets panel, select Spread Ladder, then choose a saved strategy (e.g., Iron Condor). The ladder loads with all option legs pre-filled.

Question 18

How do I place a multi-leg order?

Accepted Answer

Choose your Order Type (Limit or Market) and Execution Style (Series or Parallel), then click on the Bid column to place your order. All legs are placed together.

Question 19

What’s the difference between Series and Parallel execution?

Accepted Answer

Series: Legs are placed one after the other — good for low liquidity.

Parallel: All legs are placed at once — good for fast execution when liquidity is strong.

Question 20

Can I modify my strategy after launching the ladder?

Accepted Answer

Yes. Click the Pencil icon next to the strategy name to edit strikes, ratios, or expiries. You can choose to update the existing ladder or open a new one.

Question 21

What happens if I have open orders and want to edit the strategy?

Accepted Answer

You’ll see a pop-up asking if you want to cancel and update the current ladder, or create a new ladder with the new settings.

How can we help you?

Frequently Asked Questions

Call Us

Email Us

Having an issue?