AS Chakravarthy NCFM Training in Hyderabad: NIFTY 50-Index Options
Stock Market: NCFM Courses in Hyderabad
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NIFTY 50 Index Option Contract Specification: NIFTY 50 is the National Stock Exchange’s Index and it is constructed by India Index Services and Products Limited (IISL), its fully owned by NSE at present.
|Underlying index||NIFTY 50|
|Exchange of trading||National Stock Exchange of India Limited|
|Contract size||Permitted lot size shall be 75
(minimum value Rs.5 lakh)
|Price steps||Re. 0.05|
|Price bands||A contract specific price range based on its delta value and is computed and updated on a daily basis.|
|Trading cycle||Trading cycle The options contracts will have a maximum of three month trading cycle – the near month (one), the next month (two) and the far month (three). New contract will be introduced on the next trading day following the expiry of near month contract. Also, long term options have 3 quarterly and 5 half yearly expiries|
|Expiry day||The last Thursday of the expiry month or the previous trading day if the last Thursday is a trading holiday.|
|Settlement basis||Cash settlement on T+1 basis.|
|Style of Option||European|
|Strike Price Interval||Depending on the Index level|
|Daily Settlement Price||Not Applicable|
|Final Settlement Price||Closing Value of the index on the last trading day.|
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