Contract Specifications
| Equity Derivatives | |||||
|---|---|---|---|---|---|
| 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 |
| Security Descriptor: | |||||
| Instrument | FUTIDX | OPTIDX | FUTSTK | OPTSTK | OPTIDX |
| Underlying Symbol | Symbol of Underlying Index | Symbol of Underlying Index | Symbol of Underlying Security | Symbol of Underlying Security | NIFTY |
| Expiry Date | DD-MMM-YYYY | DD-MMM-YYYY | DD-MMM-YYYY | DD-MMM-YYYY | DD-MMM-YYYY |
| 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 Steps | Rs.0.05 | Rs.0.05 | Rs.0.05 | Rs.0.05 | Rs.0.05 |
| 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
Updated on: 04/08/2020
