Strategy Rule

LONG ONLY

Option Type	Signal	Result	Conditions
Buying	Buy	Execute	A prerequisite for execution
	Sell	Execute	It will only be executed if there is an existing long position.
	Short	Reject	The option type is buying.
	Cover	Reject	No short position can be created.

Option Type	Signal	Result	Conditions
Selling	Buy	Execute	A prerequisite for execution
	Sell	Execute	It will only execute if a buy signal is generated, as this signal would cover the position
	Short	Rejected	The option type is selling (ask sir)
	Cover	Rejected	The option type is selling

Option Type	Signal	Result
Hedge - Buying	Buy	Execute	A prerequisite for execution
	Sell	Execute	It will only execute if a buy signal is generated, as this signal would cover the position
	Short	Rejected	The option type is selling (ask sir)
	Cover	Rejected	The option type is selling

Option Type	Signal	Result
Hedge - Selling	Buy	Execute	A prerequisite for execution is that your existing position must be sold, or a short position may be created.
	Sell	Execute	It will only execute if a buy signal is generated, as this signal would either cover the existing position or initiate a new position.
	Short	Rejected	Not possible in hedging (ask sir)
	Cover	Rejected	Not possible in hedging.