GTT for F&O on Zerodha

A GTT (Good Till Triggered) order for F&O on Zerodha is a standing conditional order Zerodha supports on futures and options contracts, including index and stock derivatives, which fires a limit order at the exchange when the last traded price reaches the trigger, but which Zerodha governs with a set of derivative-specific limits the equity version does not carry. A GTT on an F&O contract is valid only until that contract expires, uses the NRML product type, restricts the OCO variant, and can leave a trader with a physical-delivery obligation if a triggered stock-derivative position is held into expiry.

GTT was first a cash-equity feature; Zerodha later extended it to F&O. The extension is genuine but conditional, and the conditions matter more on derivatives than on cash because a wrong assumption can produce a delivery obligation or a cancelled order at a cost. This article sets out which F&O instruments support GTT, the single-trigger and OCO rules, the NRML constraint, and the reasons GTT behaves differently when buying options. The GTT reference article covers the product as a whole; this page is the derivatives-specific entry. For the options stop-loss case in particular, read GTT stop-loss when buying options .

Conflict-of-interest disclosure. This guide is published by the WebNotes Editorial Team for informational purposes and is written independently. WebNotes operates a Zerodha account-opening referral programme, disclosed on the pages that carry the referral link; this guide does not carry it and earns no referral commission on the matter described here.

F&O is supported, with conditions

Zerodha states that GTT orders are available for F&O contracts. The support spans index and stock futures and options; a GTT can be set on a Nifty future, a Bank Nifty option, a stock future or a stock option. What changes from the cash-equity version is not whether GTT works, but how long it lasts, what product type it uses, which OCO directions are allowed, and what happens at and after expiry. A trader who carries equity-GTT habits to a derivatives contract without reading these conditions can be caught by the expiry cut-off or the delivery rule.

Validity is tied to contract expiry

An equity GTT runs for one year. An F&O GTT does not. It is valid only until the contract it sits on expires, because the contract itself ceases to exist at expiry. Zerodha invalidates pending GTTs on a derivative contract one day after the contract expires. So a GTT set on the current-month future or option lapses with that series; it does not roll to the next month. A trader who wants the same standing condition on the next series must place a fresh GTT on the new contract after rollover. There is no automatic carry-forward.

Product type: NRML only, never MIS

GTT supports the MTF, CNC and NRML product types and never MIS . On derivatives this means a GTT carries the overnight NRML product, not the intraday MIS product. For a GTT OCO on index futures and options, Zerodha allows only the NRML order type. The consequence is direct: there is no intraday GTT on F&O. A GTT on a derivative is a positional instruction that, when triggered, opens or adjusts an NRML position carrying full overnight SPAN margin , not the reduced intraday margin of an MIS trade.

The OCO direction rule

On equity cash, OCO is a sell-side bracket: you hold the shares and set a target sell above and a stop-loss sell below, one cancelling the other. A buy-side OCO, two buy triggers on either side of the price where one cancels the other, is not offered on equity cash. Zerodha permits a buy GTT OCO only on F&O contracts. So the two-trigger buy bracket is a derivatives-only facility, and even there it is constrained to the NRML order type for index futures and options. The buy GTT OCO guide covers the step-by-step setup; the rule to remember on F&O is that OCO on index derivatives runs under NRML and nothing else.

Why GTT is restricted as a stop-loss when buying options

The case that trips most option buyers is the stop-loss direction. When you buy an option, your risk is that the option’s price falls, so a protective stop-loss is a sell trigger below the current price. Zerodha actively prompts option buyers toward a GTT stop-loss because of the risk premium decay and sharp moves carry, and it shows a “GTT stoploss invalid” message when a stop-loss is set in a direction that does not protect the bought option correctly. The mechanism is the same limit-order mechanism as any GTT: a GTT stop-loss on a bought option, once triggered, releases a sell limit order at the limit price, and if the option gaps below that limit the order can rest unfilled. All GTT stop-loss orders are limit orders by default, so a fast move can leave the protective sell unexecuted, and a triggered-but-unfilled GTT must be placed again the next day. The dedicated article on GTT stop-loss when buying options sets out the direction logic and the invalid-prompt cases in full.

Physical delivery on stock F&O

Stock F&O contracts in India carry compulsory physical delivery at expiry. This interacts with GTT in a way cash equity never does. If a GTT triggers and leaves you holding a stock futures or in-the-money stock options position into expiry, you can face a physical-delivery obligation, meaning you must give or take delivery of the underlying shares, with the much larger settlement value and margin that delivery implies. A trader who sets a buy GTT on a stock derivative and forgets it can be triggered into a position that then goes to delivery. Index F&O is cash-settled and carries no delivery, so this caution applies to stock derivatives specifically.

Execution-range cancellation

Once a GTT triggers on a derivative contract, the released order is an ordinary exchange order subject to the exchange’s execution-price range for that contract. If the released order’s price falls outside the contract’s execution range, the exchange may cancel it. Zerodha states that any cost arising from such a cancellation, an order placed outside the execution range, is to be borne by the trader. This is a derivatives-specific risk: options in particular can have wide or thin execution ranges where a limit released after a gap lands outside the permitted band and is struck down.

Corporate actions and lot-size changes

GTTs on derivatives are sensitive to lot-size changes in a way that can cancel them outright. Zerodha cancels GTTs on index F&O whenever the lot size for the contract changes. GTTs on equity F&O may be cancelled if a corporate action, such as a split, bonus or scheme of arrangement, directly affects the lot size or the price. A trader relying on an F&O GTT through a period of contract revisions should check that the GTT survived; a silently cancelled GTT offers no protection.

How F&O GTT differs from equity GTT

Practical takeaways

Treat an F&O GTT as a positional, expiry-bound instruction, not a year-long standing order. Roll it to the next series yourself after expiry. Watch the delivery rule on stock derivatives, the NRML-only constraint that rules out intraday GTT, and the execution-range cancellation that can strike a released order down at your cost. For protecting a bought option, understand that the GTT stop-loss is a limit order that may not fill on a sharp move, and read the options stop-loss article before relying on it. As with every GTT, the trigger does not guarantee a fill; the released limit order is subject to the market, and a triggered-but-unexecuted GTT does not retry.

See also

• GTT order on Zerodha
• GTT stop-loss when buying options
• How to place a GTT order on Kite
• How to place a GTT on the Kite mobile app
• How to place a buy GTT OCO order
• How to modify a GTT on Kite
• Why a GTT triggered but did not execute
• Why a buy GTT was rejected
• How to fix a rejected sell GTT
• GTT stop-loss invalid for index options
• Kite by Zerodha
• Zerodha
• NRML product code
• MIS product code
• CNC product code
• SPAN margin
• Limit order on Kite
• Market order on Kite
• SL order on Kite
• SL-M order on Kite
• Trigger price versus limit price
• Bank Nifty
• Circuit limits and price bands
• Cover order on Zerodha
• Order validity types

External references

• Zerodha support: Are GTT orders available for F&O contracts?
• Zerodha support: Why should a stoploss be set using GTT when buying stock or index options?
• Zerodha support: What is the Good Till Triggered (GTT) feature?
• Zerodha support: How to place a buy GTT OCO order
• Zerodha GTT terms and conditions

References

1. Zerodha support, Are GTT orders available for F&O contracts? (as of 21 June 2026).
2. Zerodha support, Why should a stoploss be set using GTT when buying stock or index options? (as of 21 June 2026).
3. Zerodha support, What is the Good Till Triggered (GTT) feature? (as of 21 June 2026).
4. Zerodha GTT terms and conditions, zerodha.com/tos/gtt (as of 21 June 2026).