|Parameter||Index Futures||Index Options||Futures on Individual Securities||Options on Individual Securities||Long Term Index Options|
|Underlying||2 indices||2 indices||139 securities||139 securities||Nifty 50|
|Underlying Symbol||Symbol of Underlying Index||Symbol of Underlying Index||Symbol of Underlying Security||Symbol of Underlying Security||NIFTY|
|Option Type||-||CE / PE||-||CE / PE||CE / PE|
|Strike Price||-||Strike Price||-||Strike Price||Strike Price|
|Trading Cycle||3 month trading cycle - the near month (one), the next month (two) and the far month (three).
For NIFTY 50 weekly Options- Every Thursday of the week. In case the Thursday is a trading holiday, the previous trading day shall be the expiry/last trading day. All contracts shall expire at the normal market closing time on the expiry day or such other time as decided by Exchange.
|Three quarterly expiries (March, June, Sept & Dec cycle) and next 8half yearly expiries (Jun, Dec cycle)|
|Expiry Day||Last Thursday of the expiry month. If the last Thursday is a trading holiday, then the expiry day is the previous trading day. For NIFTY 50 weekly Options -7 weekly expiry contracts excluding the expiry week of monthly contract. New serial weekly options contract shall be introduced after expiry of the respective week's contract.|
|Strike Price Intervals||-||Depending on underlying price||-||Depending on Underlying volatility*||Depending on underlying price|
|Permitted Lot Size||Underlying specific||Underlying specific||Underlying specific||Underlying specific||Underlying specific|
|Price Bands||Operating range of 10% of the base price||A contract specific price range based on its delta value is computed and updated on a daily basis||Operating range of 10% of the base price||A contract specific price range based on its delta value is computed and updated on a daily basis||A contract specific price range based on its delta value is computed and updated on a daily basis|
* w.e.f April 1, 2013