On NSE’s index options market, contracts at different strikes, having one-month, two-month and three-month expiry cycles are available for trading.
There are typically one-month, two-month and three-month options, each with minimum seven different strikes available for trading. Hence at a given point in time there are minimum 3*7*2 or 42 options products. Option contracts are specified as follows: DATE-EXPIRYMONTH-YEAR-CALL/PUT-AMERICAN/ EUROPEAN-STRIKE. For example the European style call option contract on the Nifty index with a strike price of2040 expiring on the 30th june2005 is specified as ‘30Jun 2005 2040CE’.
| Contract specification | S&P CNX Nifty futures Options |
| Underlying index | S&P CNX Nifty |
| Exchange of trading | National Stock Exchange of India Limited |
| Security Descriptor | N OPTIDX NIFTY |
| Contract size | Permitted lot size shall be 100(minimum value Rs2lakh) |
| Expiry day | The last Thursday of the expiry month or the previous trading day if the last Thursday is a trading holiday. |
| Settlement basis | Mark to Market and final settlement will be cash settled on T+1 basis. |
| Settlement price | Daily settlement price will be the closing price of the futures contracts for the trading day and the final settlement price shall be the closing value of
the underlying index on the last trading day. |
Intraday Equity Stock Tips Past Performance
Intraday Nifty Futures Tips Past Performance
