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What are the contract specifications and trading parameters of Options on Individual Securities ?

April 26, 2017contract individual Options parameters securities specifications trading

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What are the contract specifications and trading parameters of Options on Individual Securities ?

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10 Posted

The Underlying security for the options on individual securities contracts shall be the underlying security available for trading in the capital market segment of the exchange These contracts can have a trading cycle of maximum 3 months- the near month (one), the next month (two) and the far month (three). With the expiration of near month contract on the last thursday of each month, a fresh contract is introduced on the very next day. The contract will expire on the previous trading day if last Thursday of the month is a trading holiday. The minimum value of a contract is Rs2, 00,000. Tick size of an Option contract is Re0.05. All Options on Individual Securities contracts are of American Style.