Exiting a strategy position is easy and simple. Follow the steps below to exit the strategy positions.

Step 1: Log in to your Upstox app using biometrics.

Step 2: Go to ‘Upstox in Traders’ and open ‘Orders’.

Step 3: Under ‘Orders’, you will see open and closed orders along with regular, GTT, MTF, and Strategy positions.

Step 4: Click on ‘Strategy’. Tap on ‘Exit Strategy’ and your positions will start closing at the best bid and ask prices.

When Should You Exit a Strategy Position?

Knowing when to exit a strategy can significantly affect the overall return and risk. Here’s when you should exit a ‘Pick Strategy’ position.

• When You Hit Your Target Profit

Before placing a strategy, you need to have a target profit to hit. Once you hit your target profit, exit the strategy instead of waiting for extra profit, as the options market can be volatile.

• When Market Conditions Change

If the market moves against your strategy or is highly volatile, consider exiting the strategy to limit your losses.

• Before Major Market Events

Many traders exit the positions before major events that impact the options market, like RBI policy, publishing annual reports, or elections. This is because such announcements and events can cause high volatility in the market.