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    Everything You Need to Know About CAS Before August 3, 2026
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    Fno Back

    New Updates In Futures & Options

    What is MWPL?

    MWPL refers to Market Wide Position Limit which is the maximum allowable open interest across the entire market for a Stock's Futures and Options contracts. The open interest is measured in terms of Future equivalent open interest or delta based open interest.

    The Future Equivalent open interest (FutEq OI) is calculated by aggregating the change in price (delta) associated with the position.

    New MWPL methodology:

    SEBI has decided to revise the formulation of MWPL. Same will be calculated by CC as the lower of:

    a. The lower of:

    15% of the free-float

    65 times market wide Average Daily Delivery Value (ADDV) (in terms of quantity)

    b. With a minimum floor of 10% free float.

    Dissemination:

    The MWPL calculated shall be disseminated by Clearing Corporations (CC) on their website, details about computation methodology are available in Annexure 2 of Exchange Circulars NCL/CMPT/70085, NSE/SURV/71090 & 20251031-63

    What can I do if I already have a position in a banned stock? When does any stock enter Ban Period in F&O segment? Can I trade in a stock that is under MWPL ban period? What is Change in the Open Interest (OI) Calculation methodology - Delta-Based (Future-Equivalent) OI? What is Position Limit Monitoring for Index Futures and Index Options?
    What is the Option 20 scheme? What is the GST amount for option trade? Where do I check the date from which I have been mapped under Options 20? Does ICICI Direct offer Futures & Options (F&O) contracts with up to 1-year expiry? What is VAR + ELM? Why is it required for stock options? What are the brokerage charges in Futures & Options if I am mapped to Option 7 scheme? Can I place an order before and after market hours for futures and options on ICICI Direct? What is the MTM (Mark-to-Market) process in F&O? Where can I check if a stock is in MWPL ban? Why am I unable to place an F&O order? Recent Price Revision in F&O When is Extreme Loss Margin(ELM) applicable? Why did my position in Futures and Options get squared-off ? What happens in case my F&O Limit goes negative due to placing Option Buy order at Market price? What are the system square off charges in F&O? How the fund payout process works in stocks and F&O contracts? What is the revised Securities Transaction Tax (STT) for F&O? Why isn't my order getting executed even though it has been placed successfully in Futures and Options? What are the criteria for the contract enablement in F&O? Understanding EBA/F&O Entries in Your ICICI Account or Ledger How limits are displayed on limits page? What is settlement cycle in F&O? How to download STT statement for Futures and Options? What is the additional exposure margin on securities under MWPL? When is a tax audit applicable to an F&O trader? How to fill for F&O Trading through ITR forms? Can F&O losses be set off against salary income or other business income? What happens if I incur a loss from F&O trading? Can I carry it forward? What are due dates and late filing impact? What documents are required for tax filling? What expenses can be deducted from F&O trading income? How much tax is payable on F&O profits? How is F&O turnover calculated for tax purposes? What are the new sectoral launches of NSE ? How is F&O trading income taxed in India? What is BSE launch on F&O contracts for Focused IT Index?