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F&O Stock List
Option chain
19,362.80
CMP
19,481.00
16,828.35
CMP
20,222.45
19,571.50
19,474.10
19,436.10
10,419,000.00
10419000
3.32
0.72
3.76
2,502.44
50.00
Option chain
19,362.80
CMP
19,481.00
16,828.35
CMP
20,222.45
19,571.50
19,474.10
19,436.10
3.32
3.32
0.72
3.76
2,502.44
50.00

Why choose ICICIdirect for F&O Trading?

ICICIdirect provides best in class features and tools for seamless trading in futures & options for all customers. View the reasons to trade with us:

Best in Class Platforms
Advanced Analytical Tools
Award winning Research
Best of Brokerage
Next-Gen Trading API

Our new Markets Mobile App has the next-gen technology and capabilities such as live technical charts, OI graphs on the Option Chain, Biometrics based login and much more. Trade Racer is our proprietary desktop program for integrated trading with multiple watchlists and live prices.

With multiple tools to analyze and plan your trades, you will always be a step ahead of the market. With Payoff Analyzer and i-Track, you can get the estimated payoffs for your positions in a customized manner while Technical Charts and F&O Insights at Fingertips provide rich data points for your trades.

Our research team provides multiple research calls and results updates regularly to suit all types of market participants. Strategies, weekly and monthly Derivatives view along with OneClick Derivatives help our customers make informed decisions at the click of a button.

Trade at Zero with the Neo Plan with all Future trades at Rs.0/order and Options at Rs.20 per order unlimited. We also do not charge any interest for Shares as Margin trades in F&O for non-Neo customers, so get started today.

Breeze API is our powerful and all-new set of trading APIs which helps you trade simpler and faster. Three layers of security, 3 years of Historical Derivatives Data, Streaming OHLC and much more free of cost for our customers. Try Breeze API today

Option Chain

CALL Strike Price PUT
LTP() CNG % Vol (Cr)
LTP()
 Vol % OI (Cr)
OI %Chg
 OI %Chg LTP() CNG % Vol (Cr)
LTP()
 Vol % OI (Cr)
OI %Chg
 OI %Chg
1,705.00
BUY SELL Quote
-6.00 33
1705.0
 -94.00 47,350.00
-1.87
 -1.87 17,750 4.50 -12.62 4,149
4.50
 -87.43 173,050.00
214.07
 214.07
BUY SELL Quote
1,566.90
BUY SELL Quote
-11.17 62
1566.90
 -98.41 164,600.00
-0.42
 -0.42 17,800 4.95 -2.94 5,162
4.95
 -95.43 299,650.00
18.00
 18.00
BUY SELL Quote
1,800.00
BUY SELL Quote
0.00 0
1800.0
 -100.00 200.00
0.00
 0.00 17,850
1,550.00
BUY SELL Quote
-6.63 3
1550.0
 -99.77 9,350.00
-1.06
 -1.06 17,900 6.70 9.84 3,409
6.70
 -88.20 127,000.00
-1.89
 -1.89
BUY SELL Quote
1,476.80
BUY SELL Quote
-5.66 2,114
1476.80
 -98.78 1,400,000.00
-3.81
 -3.81 18,000 7.50 19.05 19,723
7.50
 -97.73 2,368,100.00
-1.82
 -1.82
BUY SELL Quote
1,378.10
BUY SELL Quote
-7.17 17
1378.10
 -94.33 18,600.00
-2.36
 -2.36 18,100 8.40 12.75 6,189
8.40
 -95.42 160,000.00
-5.13
 -5.13
BUY SELL Quote
1,403.20
BUY SELL Quote
0.00 0
1403.20
 -100.00 250.00
0.00
 0.00 18,150
1,280.00
BUY SELL Quote
-7.42 6
1280.0
 -88.00 15,550.00
-0.32
 -0.32 18,200 9.85 10.06 10,044
9.85
 -96.34 430,950.00
15.43
 15.43
BUY SELL Quote
1,167.65
BUY SELL Quote
-8.26 53
1167.65
 -98.51 36,700.00
-4.05
 -4.05 18,300 12.80 6.22 14,322
12.80
 -97.76 507,350.00
-1.53
 -1.53
BUY SELL Quote
1,076.30
BUY SELL Quote
-8.43 25
1076.30
 -99.53 22,000.00
-0.45
 -0.45 18,400 15.70 5.72 9,663
15.70
 -98.20 381,500.00
7.84
 7.84
BUY SELL Quote
987.95
BUY SELL Quote
-8.83 993
987.95
 -98.55 389,000.00
-2.05
 -2.05 18,500 19.60 10.73 44,298
19.60
 -95.59 2,206,100.00
13.98
 13.98
BUY SELL Quote
1,030.00
BUY SELL Quote
0.00 0
1030.0
 -100.00 300.00
0.00
 0.00 18,550
888.70
BUY SELL Quote
-8.95 135
888.70
 -96.67 39,050.00
11.73
 11.73 18,600 24.45 7.47 21,865
24.45
 -96.70 1,074,400.00
7.38
 7.38
BUY SELL Quote
590.35
BUY SELL Quote
-38.38 1
590.35
 -99.50 350.00
0.00
 0.00 18,650 27.95 13.16 2,851
27.95
 -97.37 63,250.00
27.26
 27.26
BUY SELL Quote
794.35
BUY SELL Quote
-11.05 137
794.35
 -89.46 19,150.00
6.69
 6.69 18,700 31.45 13.74 26,911
31.45
 -96.25 1,190,800.00
20.13
 20.13
BUY SELL Quote
781.90
BUY SELL Quote
-10.82 1
781.90
 -98.00 950.00
-5.00
 -5.00 18,750 35.40 14.56 2,775
35.40
 -97.39 67,200.00
9.98
 9.98
BUY SELL Quote
708.30
BUY SELL Quote
-12.35 860
708.30
 -93.23 72,650.00
2.98
 2.98 18,800 40.65 15.81 31,595
40.65
 -97.58 1,408,900.00
11.59
 11.59
BUY SELL Quote
588.40
BUY SELL Quote
-37.06 6
588.40
 -99.76 1,400.00
21.74
 21.74 18,850 45.30 16.15 4,380
45.30
 -96.79 104,400.00
-14.53
 -14.53
BUY SELL Quote
621.75
BUY SELL Quote
-12.10 271
621.75
 -96.39 14,800.00
0.68
 0.68 18,900 51.10 12.18 22,144
51.10
 -97.21 866,600.00
-3.83
 -3.83
BUY SELL Quote
580.00
BUY SELL Quote
-12.92 71
580.0
 -89.86 2,900.00
93.33
 93.33 18,950 59.00 15.01 6,108
59.0
 -97.51 135,050.00
-12.36
 -12.36
BUY SELL Quote
545.35
BUY SELL Quote
-13.13 10,487
545.35
 -96.81 849,200.00
14.45
 14.45 19,000 69.15 16.41 98,651
69.15
 -96.40 4,198,050.00
4.96
 4.96
BUY SELL Quote
502.05
BUY SELL Quote
-13.86 126
502.05
 -92.59 3,850.00
50.98
 50.98 19,050 76.60 17.57 4,642
76.60
 -96.14 180,050.00
3.78
 3.78
BUY SELL Quote
461.00
BUY SELL Quote
-14.76 2,329
461.0
 -94.78 105,850.00
111.07
 111.07 19,100 86.95 18.30 38,409
86.95
 -94.62 971,850.00
5.03
 5.03
BUY SELL Quote
418.25
BUY SELL Quote
-16.36 156
418.25
 -95.20 6,400.00
75.34
 75.34 19,150 98.00 18.57 7,712
98.0
 -94.64 159,400.00
19.36
 19.36
BUY SELL Quote
384.60
BUY SELL Quote
-16.86 7,582
384.60
 -92.33 263,600.00
75.85
 75.85 19,200 110.00 18.53 56,159
110.0
 -95.87 1,744,450.00
17.65
 17.65
BUY SELL Quote
348.45
BUY SELL Quote
-17.69 974
348.45
 -98.56 35,800.00
-0.28
 -0.28 19,250 123.25 16.71 5,364
123.25
 -97.10 171,100.00
24.26
 24.26
BUY SELL Quote
315.00
BUY SELL Quote
-19.00 30,337
315.0
 -89.06 386,000.00
44.25
 44.25 19,300 138.80 17.38 52,257
138.80
 -95.94 1,423,300.00
-2.06
 -2.06
BUY SELL Quote
283.00
BUY SELL Quote
-19.25 8,589
283.0
 -78.95 81,200.00
189.48
 189.48 19,350 154.15 15.47 9,770
154.15
 -95.82 166,800.00
0.51
 0.51
BUY SELL Quote
252.00
BUY SELL Quote
-21.56 131,213
252.0
 -84.40 814,600.00
128.98
 128.98 19,400 174.10 15.26 146,911
174.10
 -89.90 2,013,100.00
16.53
 16.53
BUY SELL Quote
219.95
BUY SELL Quote
-23.96 13,170
219.95
 -87.52 134,550.00
269.64
 269.64 19,450
Spot Price: 19436.10
195.60 15.84 12,120
195.60
 -95.98 266,600.00
17.60
 17.60
BUY SELL Quote
195.00
BUY SELL Quote
-25.34 93,483
195.0
 -97.26 1,873,700.00
8.18
 8.18 19,500 219.00 15.54 111,339
219.0
 -97.63 5,106,100.00
-18.79
 -18.79
BUY SELL Quote
167.70
BUY SELL Quote
-27.04 8,985
167.70
 -98.54 200,100.00
3.79
 3.79 19,550 241.70 16.29 4,852
241.70
 -99.12 372,800.00
-3.31
 -3.31
BUY SELL Quote
144.80
BUY SELL Quote
-28.56 79,589
144.80
 -98.09 1,891,550.00
-11.45
 -11.45 19,600 268.00 15.19 46,359
268.0
 -98.86 1,900,200.00
-24.29
 -24.29
BUY SELL Quote
123.50
BUY SELL Quote
-30.72 15,585
123.50
 -97.00 310,850.00
21.50
 21.50 19,650 295.80 15.48 5,432
295.80
 -97.64 152,650.00
-33.75
 -33.75
BUY SELL Quote
105.00
BUY SELL Quote
-32.13 61,561
105.0
 -97.74 1,770,600.00
1.53
 1.53 19,700 329.75 16.23 30,353
329.75
 -98.46 1,692,650.00
-23.51
 -23.51
BUY SELL Quote
87.05
BUY SELL Quote
-34.89 10,508
87.05
 -97.02 222,650.00
-0.76
 -0.76 19,750 360.75 15.70 1,474
360.75
 -98.71 102,700.00
-15.47
 -15.47
BUY SELL Quote
73.05
BUY SELL Quote
-36.28 74,548
73.05
 -96.95 1,889,950.00
5.41
 5.41 19,800 397.85 16.11 13,945
397.85
 -98.34 1,851,750.00
-7.29
 -7.29
BUY SELL Quote
59.35
BUY SELL Quote
-38.24 13,392
59.35
 -96.13 430,500.00
12.74
 12.74 19,850 430.90 15.34 461
430.90
 -98.91 70,850.00
-7.69
 -7.69
BUY SELL Quote
49.30
BUY SELL Quote
-38.80 53,385
49.30
 -97.40 1,216,650.00
-0.40
 -0.40 19,900 469.35 14.73 4,306
469.35
 -97.77 449,650.00
-10.11
 -10.11
BUY SELL Quote
40.50
BUY SELL Quote
-40.57 10,843
40.50
 -97.16 197,550.00
18.90
 18.90 19,950 510.65 15.15 176
510.65
 -98.41 48,700.00
-4.60
 -4.60
BUY SELL Quote
34.45
BUY SELL Quote
-40.71 95,129
34.45
 -97.50 2,646,450.00
-6.30
 -6.30 20,000 553.00 14.04 13,023
553.0
 -97.53 1,036,250.00
-13.47
 -13.47
BUY SELL Quote
27.30
BUY SELL Quote
-42.65 10,756
27.30
 -97.44 199,700.00
21.21
 21.21 20,050 596.25 13.04 47
596.25
 -99.00 41,900.00
1.09
 1.09
BUY SELL Quote
22.95
BUY SELL Quote
-41.83 45,805
22.95
 -97.49 870,150.00
-25.86
 -25.86 20,100 640.90 13.69 1,840
640.90
 -93.73 140,900.00
-19.30
 -19.30
BUY SELL Quote
19.20
BUY SELL Quote
-40.74 11,635
19.20
 -97.19 206,500.00
-9.55
 -9.55 20,150 691.35 13.38 132
691.35
 -98.32 52,250.00
-3.69
 -3.69
BUY SELL Quote
17.20
BUY SELL Quote
-37.91 38,078
17.20
 -98.15 1,284,850.00
-9.47
 -9.47 20,200 734.60 12.51 939
734.60
 -99.02 196,900.00
-5.95
 -5.95
BUY SELL Quote
14.20
BUY SELL Quote
-37.17 5,409
14.20
 -98.37 190,900.00
10.80
 10.80 20,250 793.70 14.75 16
793.70
 -97.87 107,050.00
-0.05
 -0.05
BUY SELL Quote
11.90
BUY SELL Quote
-37.37 27,572
11.90
 -97.87 638,550.00
-14.52
 -14.52 20,300 829.05 11.15 239
829.05
 -97.50 149,250.00
-2.29
 -2.29
BUY SELL Quote
10.70
BUY SELL Quote
-34.95 8,119
10.70
 -97.11 154,250.00
-4.61
 -4.61 20,350 894.95 13.75 35
894.95
 -95.33 20,800.00
-1.42
 -1.42
BUY SELL Quote
9.30
BUY SELL Quote
-30.34 24,901
9.30
 -97.79 546,650.00
-29.45
 -29.45 20,400 921.75 10.38 149
921.75
 -94.16 55,750.00
-2.36
 -2.36
BUY SELL Quote
8.55
BUY SELL Quote
-29.92 2,408
8.55
 -98.34 38,250.00
-15.28
 -15.28 20,450 1,061.40 47.31 5
1061.40
 -99.79 9,550.00
-2.55
 -2.55
BUY SELL Quote
7.40
BUY SELL Quote
-30.84 32,005
7.40
 -98.28 2,388,350.00
-0.91
 -0.91 20,500 1,022.20 9.47 780
1022.20
 -98.57 516,650.00
-1.43
 -1.43
BUY SELL Quote
7.15
BUY SELL Quote
-27.41 1,987
7.15
 -98.33 51,000.00
-15.00
 -15.00 20,550 1,127.30 15.51 2
1127.30
 -99.50 5,150.00
-0.96
 -0.96
BUY SELL Quote
6.45
BUY SELL Quote
-26.29 7,203
6.45
 -98.85 389,300.00
-11.02
 -11.02 20,600 1,198.95 16.64 17
1198.95
 -99.15 14,850.00
-1.66
 -1.66
BUY SELL Quote
6.30
BUY SELL Quote
-25.44 578
6.30
 -98.71 36,150.00
-11.72
 -11.72 20,650 1,209.05 143.54 5
1209.05
 -90.00 4,400.00
-2.22
 -2.22
BUY SELL Quote
6.10
BUY SELL Quote
-22.78 6,586
6.10
 -98.68 482,300.00
-16.50
 -16.50 20,700 1,231.75 7.76 106
1231.75
 -80.73 8,850.00
-24.68
 -24.68
BUY SELL Quote
6.05
BUY SELL Quote
0.00 321
6.05
 0.00 5,500.00
0.00
 0.00 20,750 1,296.65 12.60 4
1296.65
 -92.00 950.00
0.00
 0.00
BUY SELL Quote
5.55
BUY SELL Quote
-19.57 4,756
5.55
 -98.73 220,200.00
-14.82
 -14.82 20,800 1,418.00 15.52 4
1418.0
 -99.33 4,000.00
-3.61
 -3.61
BUY SELL Quote
5.70
BUY SELL Quote
-15.56 216
5.70
 -98.51 5,750.00
-28.57
 -28.57 20,850 1,389.30 140.95 4
1389.30
 -92.00 800.00
0.00
 0.00
BUY SELL Quote
5.50
BUY SELL Quote
-12.00 2,386
5.50
 -98.02 100,450.00
-22.91
 -22.91 20,900
5.20
BUY SELL Quote
-18.75 305
5.20
 -98.32 3,950.00
-42.34
 -42.34 20,950 1,489.30 109.52 4
1489.30
 -98.00 300.00
0.00
 0.00
BUY SELL Quote
5.45
BUY SELL Quote
-9.17 23,928
5.45
 -98.36 2,111,400.00
-0.85
 -0.85 21,000 1,514.00 6.83 923
1514.0
 -99.20 505,500.00
-2.67
 -2.67
BUY SELL Quote
5.55
BUY SELL Quote
-7.50 375
5.55
 -98.78 33,300.00
-15.05
 -15.05 21,050
5.30
BUY SELL Quote
-4.50 799
5.30
 -99.29 93,800.00
-11.55
 -11.55 21,100 1,689.60 30.38 9
1689.60
 -91.00 2,800.00
14.29
 14.29
BUY SELL Quote
4.65
BUY SELL Quote
-13.08 363
4.65
 -98.51 11,800.00
-3.67
 -3.67 21,150
4.80
BUY SELL Quote
-11.11 1,708
4.80
 -98.81 140,000.00
-11.48
 -11.48 21,200
4.35
BUY SELL Quote
-14.71 301
4.35
 -98.33 36,650.00
-3.55
 -3.55 21,250
4.80
BUY SELL Quote
-5.88 138
4.80
 -99.26 8,800.00
4.76
 4.76 21,300
4.70
BUY SELL Quote
-9.62 167
4.70
 -94.94 5,650.00
17.71
 17.71 21,350
4.50
BUY SELL Quote
-6.25 279
4.50
 -90.54 7,500.00
-40.48
 -40.48 21,400
4.20
BUY SELL Quote
-11.58 85
4.20
 -94.52 3,650.00
12.31
 12.31 21,450
4.05
BUY SELL Quote
-10.99 4,209
4.05
 -98.41 522,800.00
0.61
 0.61 21,500 2,011.90 5.26 286
2011.90
 -98.87 348,050.00
0.93
 0.93
BUY SELL Quote
4.40
BUY SELL Quote
-6.38 90
4.40
 -95.38 14,900.00
8.36
 8.36 21,550
4.40
BUY SELL Quote
-5.38 148
4.40
 -98.89 9,850.00
-15.45
 -15.45 21,600 2,158.90 4.40 2
2158.90
 -99.80 3,900.00
-2.50
 -2.50
BUY SELL Quote
4.05
BUY SELL Quote
-10.00 59
4.05
 -98.80 7,050.00
-13.50
 -13.50 21,650
3.50
BUY SELL Quote
-17.65 601
3.50
 -97.87 59,750.00
-4.70
 -4.70 21,700 2,216.65 4.50 23
2216.65
 -96.71 15,950.00
1.59
 1.59
BUY SELL Quote

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FII STATISTICS

Reporting Date Buy Amt Sell Amt Net Amt OI Value
Reporting Date October 3, 2023 2,324.20 4,163.53 -1,839.33 13,673.65
Reporting Date September 29, 2023 2,930.72 3,631.40 -700.68 12,109.91
Reporting Date September 28, 2023 6,643.16 10,536.47 -3,893.31 11,909.00
Reporting Date September 27, 2023 4,961.82 6,150.74 -1,188.92 17,870.49
Reporting Date September 26, 2023 3,439.85 3,798.57 -358.72 16,536.80

Most Active Contracts

Future Option
  • Index
  • Stock
Company Name LTP() Volume Prev Close() OI
BANKNIFTY-26-OCT-23 44,255.15 196,428.00 44,621.45 2,660,190.00
NIFTY-26-OCT-23 19,478.20 125,122.00 19,571.50 10,419,000.00
Company Name LTP() Volume Prev Close() OI
BANKNIFTY-26-OCT-23 44,255.15 196,428.00 44,621.45 2,660,190.00
NIFTY-26-OCT-23 19,478.20 125,122.00 19,571.50 10,419,000.00

WATCH OUR VIDEO TO KNOW MORE

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Derivative Market News

The Nifty October 2023 futures closed at 19,478.20, a premium of 42.10 points compare...

Oct 04, 2023 17:29

The Nifty October 2023 futures closed at 19,563.10, a premium of 34.35 points compare...

Oct 03, 2023 17:18

The Nifty October 2023 futures closed at 19,714, a premium of 75.7 points compared with th...

Sep 29, 2023 16:13

The Nifty October 2023 futures closed at 19,655, a premium of 131.45 points compared with ...

Sep 28, 2023 16:22

The Nifty September 2023 futures closed at 19,719.65, a premium of 3.20 points compared wi...

Sep 27, 2023 16:14

The Nifty September 2023 futures closed at 19,666, a premium of 1.30 points compared with ...

Sep 26, 2023 16:24

FAQs of Futures & Options Trading

What are Derivatives?

A derivative is a financial contract whose value is derived from an underlying asset. These could range from equities and bonds to indices and currencies. Two or more parties can trade derivatives either on exchanges or over the counter. 

Futures are derivative contracts where two parties – a buyer and a seller – agree to trade a particular quantity of an underlying asset at a specific price on a particular date in the future. The contract is binding and has to be executed upon expiry. Futures are usually standardized contracts traded on exchanges, just like stocks. 

Options are derivative contracts between two parties where the buyer has the right but no obligation to buy or sell the underlying asset at a specific price on a specified day in the future. The seller, however, has an obligation to execute the contract should the buyer choose to exercise their right. 

 

The price at which the contract is entered is called the strike price. The buyer also pays a premium to the seller to buy the right to exercise the contract if the market conditions are favourable. This is the compensation paid to the seller to assume the risk of the contract. Another concept to know about in Options trading is the lot size. Every contract has a fixed number of underlying asset units in it. Options are traded based on their lot size. 

Futures are derivative contracts created on an underlying asset at a specific price on a specified future date. Both the buyer and seller have to honour the contract on expiration. On the other hand, options give the buyer the right, but not the obligation, to buy or sell a certain underlying at a specific price on a specified date in future. The buyer can choose whether or not they want to exercise the right. The seller has an obligation to honor the contract. This is the primary difference between the two derivatives. 

Additionally, futures require a higher margin requirement than options. The risks of trading in futures is also higher than options because of the unlimited losses they are exposed to.

Futures contracts are standardized derivative contracts between two parties where they are obligated to buy or sell an underlying asset at a particular price on a specified day in future. Futures are traded on exchanges, just like stocks. To trade in futures, you need to have a broking account with a verified brokerage in the country. Once you have the broking account, you can begin trading in futures.

The biggest advantages of futures contracts are:

  • They are standardized contracts that are traded on exchanges. 
  • Due to this, they have high liquidity. 
  • They have stable margin requirements that are known in advance. 
  • When it comes to options, the value of the contract declines over time. This is called the time decay of money. Since futures contracts are fixed in advance, there is no time decay to worry about. 
  • Futures can be used to hedge against price risks. 
  • Futures contracts are standardized derivatives contracts that can be traded on exchanges. 
  • They are available on several underlying assets such as stocks, indices, commodities, currencies, fixed income instruments, etc. 
  • You need to deposit a margin amount to trade in futures. 
  • Futures contracts have high liquidity. 
  • They can be used to hedge against price risks.

All futures contracts are settled in cash. The closing price of a Futures contract is the final settlement price. 

Buying options is similar to buying equities. All you need is a broking account with a registered member of the National Stock Exchange or the Bombay Stock Exchange. Once you open a broking account with a verified broker, you can begin trading in Options. ICICIDirect offers broking accounts using which you can trade in derivatives of any kind. 
Call options are derivative contracts that give the buyer the right, but not the obligation, to buy a specific asset at a specific price at a specific date in the future. The seller has an obligation to sell the underlying if the buyer chooses to exercise their call option. Call option buyers benefit if the price of the underlying goes up on the expiration of the contract. 
The put option is a derivative contract that allows the buyer to sell an underlying asset at a predetermined price at a specific date in the future, but not the obligation to do so. The seller has an obligation to buy the underlying if the buyer exercises their put option. Put option buyers benefit if the price of the underlying falls on the expiration of the contract. 
Options trading works just like stocks trading does. Options contracts can be bought and sold on exchanges. There are four positions you can take with options:
  • Buy call options
  • Sell call options
  • Buy put options
  • Sell put options

Call and put buyers have the right but not the obligation to buy or sell the underlying. The risks of buying call and put options are limited to the premium paid. However, call and put sellers have an obligation to honour the contract. The premium is the compensation they get for assuming the risk

The strike price is when an options contract is agreed to be executed. If the buyer of the option decides to execute the contract, then this is the price at which it will be settled. 
The strike price of options is determined based on the underlying asset’s price. The profitability of an options contract depends on the strike price, the premium paid, the time until expiration of the contract and value fluctuation of the underlying. 
An American Options contract can be exercised on or before the expiration date. European Options can be exercised only on the expiration date. 
These are two distinct Options strategies. If the trader holds the underlying asset when entering the contract, it is called a Covered Options strategy. If the trader does not hold the underlying asset, it is called a Naked Options strategy. 

Trading on Indian stock exchanges takes place on all weekdays, except on Saturdays, Sundays and other holidays announced by the exchanges. There are different timings applicable to the different segments. They are as follows:

  • Equity and derivatives (Futures & Options) - 9:15 to 3:30 pm normal trading session
  • Currency Derivatives - 9:00 am to 5:00 pm
  • Agri-commodities - 9:00 am to 5:00 pm
  • Other commodities (bullion, metals, energy) - 9:00 am to 11:30 pm (up to 11:55 pm between November and March)