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F&O Stock List
Option chain

Nifty 50

18,654.05
CMP
18,742.40
15,183.40
CMP
18,887.60

Prev. Close

18,673.70

Open

18,660.00

Spot Price

18,625.05

OI

10,018,250.00

OI (in lakhs)

10018250

OI Change %

4.46

Rollover %

0.69

Cost of Carry

5.03

Contracts

1,175.44

Market Lot

50.00
Option chain

Nifty 50

18,654.05
CMP
18,742.40
15,183.40
CMP
18,887.60

Prev. Close

18,673.70

Open

18,660.00

Spot Price

18,625.05

OI

4.46

OI Change %

4.46

Rollover %

0.69

Cost of Carry

5.03

Contracts

1,175.44

Market Lot

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

Best in Class Platforms

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.

Advanced Analytical Tools

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.

Award winning Research

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.

Best of Brokerage

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.

Next-Gen Trading API

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
1,775.00
BUY SELL Quote
0.00 0
1775.0
 0.00 15,975.00
0.00
 0.00 8,500
3,103.00
BUY SELL Quote
0.00 0
3103.0
 -100.00 4,050.00
0.00
 0.00 9,500
7,601.00
BUY SELL Quote
-0.15 26
7601.0
 -99.92 33,075.00
2.96
 2.96 11,000 1.55 -20.51 41
1.55
 -99.88 326,425.00
0.21
 0.21
BUY SELL Quote
5,612.25
BUY SELL Quote
0.00 0
5612.25
 -100.00 553,650.00
0.00
 0.00 13,000
4,167.00
BUY SELL Quote
0.00 0
4167.0
 -100.00 3,500.00
0.00
 0.00 13,500
4,670.00
BUY SELL Quote
0.33 5
4670.0
 -99.60 102,900.00
0.00
 0.00 14,000 3.30 -4.35 73
3.30
 -99.83 209,225.00
1.09
 1.09
BUY SELL Quote
3,992.50
BUY SELL Quote
0.00 0
3992.50
 -100.00 2,175.00
0.00
 0.00 14,500
3,671.40
BUY SELL Quote
0.55 69
3671.40
 -99.52 530,875.00
0.13
 0.13 15,000 4.85 0.00 336
4.85
 -99.71 891,600.00
-0.12
 -0.12
BUY SELL Quote
3,163.00
BUY SELL Quote
1.05 46
3163.0
 -84.67 41,025.00
-1.20
 -1.20 15,500
2,725.00
BUY SELL Quote
0.00 0
2725.0
 -100.00 150.00
0.00
 0.00 15,700
2,490.00
BUY SELL Quote
0.00 0
2490.0
 -100.00 1,450.00
0.00
 0.00 15,800
2,686.50
BUY SELL Quote
1.24 105
2686.50
 -99.17 392,800.00
-0.29
 -0.29 16,000 6.60 -8.33 1,351
6.60
 -99.45 1,567,700.00
0.20
 0.20
BUY SELL Quote
2,546.65
BUY SELL Quote
0.00 0
2546.65
 -100.00 5,250.00
0.00
 0.00 16,100
2,295.00
BUY SELL Quote
0.00 0
2295.0
 -100.00 1,500.00
0.00
 0.00 16,200
2,376.70
BUY SELL Quote
1.40 8
2376.70
 -96.00 11,000.00
0.00
 0.00 16,300 7.85 -5.99 64
7.85
 -99.88 24,250.00
-5.09
 -5.09
BUY SELL Quote
2,148.55
BUY SELL Quote
-0.14 0
2148.55
 -100.00 2,350.00
0.00
 0.00 16,400
2,183.55
BUY SELL Quote
1.04 363
2183.55
 -98.11 184,900.00
5.45
 5.45 16,500 8.00 -9.60 2,806
8.0
 -99.15 1,000,150.00
-1.13
 -1.13
BUY SELL Quote
1,622.95
BUY SELL Quote
0.00 0
1622.95
 -100.00 100.00
0.00
 0.00 16,550
2,063.65
BUY SELL Quote
-0.21 2
2063.65
 -99.20 5,800.00
0.00
 0.00 16,600 9.05 -7.18 672
9.05
 -99.30 297,700.00
-0.03
 -0.03
BUY SELL Quote
1,541.45
BUY SELL Quote
0.00 0
1541.45
 -100.00 50.00
0.00
 0.00 16,650
1,965.95
BUY SELL Quote
-1.44 4
1965.95
 -97.33 18,950.00
0.00
 0.00 16,700 9.20 -9.80 789
9.20
 -99.55 197,350.00
-0.43
 -0.43
BUY SELL Quote
1,545.30
BUY SELL Quote
0.00 0
1545.30
 -100.00 150.00
0.00
 0.00 16,750
1,872.05
BUY SELL Quote
0.00 0
1872.05
 -100.00 30,150.00
0.00
 0.00 16,800
1,574.70
BUY SELL Quote
0.00 0
1574.70
 -100.00 50.00
0.00
 0.00 16,850
1,664.60
BUY SELL Quote
0.41 0
1664.60
 -100.00 6,900.00
0.00
 0.00 16,900
1,555.80
BUY SELL Quote
0.00 0
1555.80
 -100.00 1,350.00
0.00
 0.00 16,950
1,695.85
BUY SELL Quote
1.44 516
1695.85
 -99.35 598,350.00
-1.75
 -1.75 17,000 11.70 -13.01 6,542
11.70
 -99.44 3,672,650.00
-0.33
 -0.33
BUY SELL Quote
1,530.90
BUY SELL Quote
0.46 0
1530.90
 -100.00 1,800.00
0.00
 0.00 17,050
1,597.05
BUY SELL Quote
0.96 5
1597.05
 -99.44 30,450.00
-0.16
 -0.16 17,100 11.25 -12.45 1,543
11.25
 -99.60 417,500.00
-2.73
 -2.73
BUY SELL Quote
1,572.00
BUY SELL Quote
2.48 4
1572.0
 -98.67 1,700.00
6.25
 6.25 17,150 11.95 -15.55 390
11.95
 -99.21 42,050.00
-24.37
 -24.37
BUY SELL Quote
1,504.00
BUY SELL Quote
2.18 490
1504.0
 -78.22 74,150.00
0.27
 0.27 17,200 11.65 -19.38 4,077
11.65
 -99.20 788,650.00
1.45
 1.45
BUY SELL Quote
1,436.25
BUY SELL Quote
1.79 4
1436.25
 -98.00 1,750.00
9.38
 9.38 17,250 12.65 -17.32 524
12.65
 -99.53 48,100.00
13.98
 13.98
BUY SELL Quote
1,408.00
BUY SELL Quote
2.50 20
1408.0
 -98.18 34,900.00
-0.43
 -0.43 17,300 13.30 -19.15 4,303
13.30
 -99.34 731,900.00
-3.41
 -3.41
BUY SELL Quote
1,330.15
BUY SELL Quote
-0.54 4
1330.15
 -98.00 6,800.00
0.00
 0.00 17,350 14.35 -18.00 1,222
14.35
 -98.92 22,900.00
2.00
 2.00
BUY SELL Quote
1,275.30
BUY SELL Quote
0.48 16
1275.30
 -99.44 36,650.00
-0.27
 -0.27 17,400 15.60 -16.58 5,938
15.60
 -99.44 722,800.00
1.06
 1.06
BUY SELL Quote
1,240.00
BUY SELL Quote
0.00 3
1240.0
 -98.80 3,350.00
3.08
 3.08 17,450 16.45 -17.54 1,470
16.45
 -99.29 45,000.00
-4.76
 -4.76
BUY SELL Quote
1,209.00
BUY SELL Quote
2.39 664
1209.0
 -98.44 526,750.00
-1.30
 -1.30 17,500 18.40 -15.98 18,414
18.40
 -98.98 2,343,700.00
-4.49
 -4.49
BUY SELL Quote
1,151.00
BUY SELL Quote
0.66 11
1151.0
 -95.60 9,150.00
-3.68
 -3.68 17,550 18.95 -16.52 477
18.95
 -99.53 45,550.00
-1.19
 -1.19
BUY SELL Quote
1,088.20
BUY SELL Quote
-0.88 71
1088.20
 -99.21 97,050.00
-2.80
 -2.80 17,600 20.35 -16.26 5,773
20.35
 -99.51 650,250.00
-6.28
 -6.28
BUY SELL Quote
1,046.25
BUY SELL Quote
-0.78 1
1046.25
 -99.75 6,250.00
0.00
 0.00 17,650 22.00 -16.35 633
22.0
 -99.59 54,250.00
-4.41
 -4.41
BUY SELL Quote
1,015.00
BUY SELL Quote
1.39 52
1015.0
 -99.58 112,400.00
-0.97
 -0.97 17,700 24.90 -13.39 7,200
24.90
 -99.51 961,100.00
0.01
 0.01
BUY SELL Quote
1,005.40
BUY SELL Quote
7.99 2
1005.40
 -99.75 37,950.00
-0.13
 -0.13 17,750 26.80 -13.41 1,673
26.80
 -99.26 69,350.00
1.24
 1.24
BUY SELL Quote
930.00
BUY SELL Quote
3.37 181
930.0
 -99.66 162,600.00
-0.18
 -0.18 17,800 28.25 -16.30 15,064
28.25
 -99.31 1,060,100.00
-6.89
 -6.89
BUY SELL Quote
885.50
BUY SELL Quote
0.00 0
885.50
 -100.00 23,550.00
0.00
 0.00 17,850
831.55
BUY SELL Quote
3.00 103
831.55
 -99.14 86,850.00
-0.80
 -0.80 17,900 34.50 -14.81 13,106
34.50
 -99.13 1,036,850.00
1.24
 1.24
BUY SELL Quote
764.55
BUY SELL Quote
-1.19 39
764.55
 -99.20 29,000.00
-0.51
 -0.51 17,950 39.00 -15.31 1,932
39.0
 -99.40 119,150.00
-3.44
 -3.44
BUY SELL Quote
742.05
BUY SELL Quote
2.93 2,546
742.05
 -99.12 1,339,550.00
0.51
 0.51 18,000 45.95 -11.46 39,603
45.95
 -98.92 4,283,200.00
2.39
 2.39
BUY SELL Quote
690.70
BUY SELL Quote
4.19 12
690.70
 -99.08 9,700.00
-0.51
 -0.51 18,050 48.80 -14.46 2,359
48.80
 -98.90 109,900.00
7.75
 7.75
BUY SELL Quote
650.00
BUY SELL Quote
2.99 573
650.0
 -98.98 221,550.00
-1.27
 -1.27 18,100 53.95 -13.96 12,619
53.95
 -99.03 893,400.00
-1.99
 -1.99
BUY SELL Quote
613.90
BUY SELL Quote
3.84 146
613.90
 -98.86 24,600.00
1.86
 1.86 18,150 61.00 -13.48 2,227
61.0
 -98.90 103,900.00
2.62
 2.62
BUY SELL Quote
575.00
BUY SELL Quote
4.78 2,540
575.0
 -99.44 878,200.00
-3.75
 -3.75 18,200 68.00 -13.21 20,686
68.0
 -99.10 2,905,700.00
3.21
 3.21
BUY SELL Quote
530.00
BUY SELL Quote
5.21 132
530.0
 -99.74 90,350.00
-1.85
 -1.85 18,250 77.50 -10.87 2,934
77.50
 -99.11 147,750.00
10.47
 10.47
BUY SELL Quote
492.00
BUY SELL Quote
5.14 3,718
492.0
 -99.45 1,335,500.00
-2.06
 -2.06 18,300 86.25 -10.25 18,166
86.25
 -99.29 2,578,600.00
-0.70
 -0.70
BUY SELL Quote
448.00
BUY SELL Quote
4.71 448
448.0
 -99.29 95,450.00
1.27
 1.27 18,350 96.85 -10.24 4,800
96.85
 -98.92 168,600.00
7.08
 7.08
BUY SELL Quote
409.15
BUY SELL Quote
3.53 14,597
409.15
 -98.80 1,266,050.00
-4.04
 -4.04 18,400 107.65 -8.93 34,219
107.65
 -98.88 1,728,050.00
-3.24
 -3.24
BUY SELL Quote
374.00
BUY SELL Quote
5.52 876
374.0
 -99.29 72,250.00
-5.00
 -5.00 18,450 118.00 -11.68 2,827
118.0
 -98.81 120,600.00
1.09
 1.09
BUY SELL Quote
340.55
BUY SELL Quote
5.89 22,535
340.55
 -98.93 1,910,100.00
-0.80
 -0.80 18,500 131.00 -11.10 37,544
131.0
 -98.92 1,841,400.00
6.01
 6.01
BUY SELL Quote
306.50
BUY SELL Quote
6.13 3,562
306.50
 -98.82 181,750.00
-2.44
 -2.44 18,550 147.70 -10.84 3,228
147.70
 -98.85 92,600.00
22.24
 22.24
BUY SELL Quote
273.85
BUY SELL Quote
6.33 49,122
273.85
 -98.70 1,159,450.00
11.38
 11.38 18,600 164.00 -10.06 58,935
164.0
 -98.64 1,229,700.00
35.64
 35.64
BUY SELL Quote
241.55
BUY SELL Quote
6.74 5,702
241.55
 -98.54 117,100.00
5.92
 5.92 18,650
Spot Price: 18625.05
188.00 -7.16 6,810
188.0
 -98.21 136,200.00
71.21
 71.21
BUY SELL Quote
213.00
BUY SELL Quote
6.50 34,484
213.0
 -98.71 1,082,300.00
7.44
 7.44 18,700 203.00 -9.21 36,899
203.0
 -98.52 694,550.00
30.35
 30.35
BUY SELL Quote
186.05
BUY SELL Quote
7.57 2,784
186.05
 -98.69 109,850.00
5.17
 5.17 18,750 231.95 -7.20 1,344
231.95
 -99.31 56,900.00
-0.78
 -0.78
BUY SELL Quote
160.05
BUY SELL Quote
7.85 26,423
160.05
 -98.74 1,389,400.00
-1.35
 -1.35 18,800 250.00 -8.88 10,502
250.0
 -98.40 281,450.00
18.13
 18.13
BUY SELL Quote
136.70
BUY SELL Quote
8.06 2,017
136.70
 -99.02 126,950.00
0.95
 0.95 18,850 281.65 -6.32 324
281.65
 -98.76 14,450.00
22.98
 22.98
BUY SELL Quote
116.50
BUY SELL Quote
7.72 13,974
116.50
 -98.83 1,019,450.00
1.93
 1.93 18,900 306.10 -7.88 2,660
306.10
 -98.71 136,350.00
23.79
 23.79
BUY SELL Quote
98.10
BUY SELL Quote
6.69 1,958
98.10
 -99.12 102,050.00
13.77
 13.77 18,950 343.60 -6.34 793
343.60
 -98.91 19,500.00
57.89
 57.89
BUY SELL Quote
82.70
BUY SELL Quote
6.09 38,715
82.70
 -98.85 3,700,400.00
2.24
 2.24 19,000 372.90 -7.31 6,678
372.90
 -98.87 1,234,850.00
0.68
 0.68
BUY SELL Quote
67.50
BUY SELL Quote
5.72 2,360
67.50
 -99.12 77,400.00
-6.58
 -6.58 19,050 408.40 -5.82 19
408.40
 -94.57 2,250.00
9.76
 9.76
BUY SELL Quote
54.85
BUY SELL Quote
5.58 12,886
54.85
 -98.93 828,700.00
1.74
 1.74 19,100 447.00 -5.82 546
447.0
 -97.30 56,550.00
9.17
 9.17
BUY SELL Quote
43.75
BUY SELL Quote
4.42 4,041
43.75
 -98.56 128,300.00
26.16
 26.16 19,150 480.00 -0.53 1
480.0
 -99.78 4,550.00
0.00
 0.00
BUY SELL Quote
35.60
BUY SELL Quote
5.64 23,940
35.60
 -98.72 1,169,500.00
-1.40
 -1.40 19,200 522.20 -5.51 578
522.20
 -99.52 68,850.00
-3.03
 -3.03
BUY SELL Quote
28.40
BUY SELL Quote
2.53 2,408
28.40
 -98.89 123,600.00
29.29
 29.29 19,250 570.30 0.29 2
570.30
 -99.60 2,350.00
0.00
 0.00
BUY SELL Quote
22.65
BUY SELL Quote
3.66 14,445
22.65
 -98.80 770,250.00
5.46
 5.46 19,300 613.55 -3.85 49
613.55
 -97.96 10,300.00
21.18
 21.18
BUY SELL Quote
18.40
BUY SELL Quote
1.10 2,109
18.40
 -99.03 83,050.00
28.36
 28.36 19,350
14.60
BUY SELL Quote
1.04 9,455
14.60
 -99.08 695,800.00
13.18
 13.18 19,400 705.60 -4.36 51
705.60
 -96.48 6,100.00
23.23
 23.23
BUY SELL Quote
12.80
BUY SELL Quote
0.00 1,459
12.80
 -98.39 33,800.00
27.07
 27.07 19,450
11.40
BUY SELL Quote
0.89 20,769
11.40
 -98.73 1,641,200.00
13.44
 13.44 19,500 800.80 -3.52 734
800.80
 -98.31 210,750.00
7.39
 7.39
BUY SELL Quote
7.95
BUY SELL Quote
-7.56 4,561
7.95
 -98.60 208,250.00
13.12
 13.12 19,700 1,000.00 -1.59 15
1000.0
 -99.35 10,500.00
0.00
 0.00
BUY SELL Quote
7.15
BUY SELL Quote
-7.14 4,138
7.15
 -99.07 335,850.00
0.27
 0.27 19,800 1,104.00 -9.29 1
1104.0
 -98.00 50.00
0.00
 0.00
BUY SELL Quote
6.75
BUY SELL Quote
-3.57 52
6.75
 -99.87 9,100.00
-1.62
 -1.62 19,850
6.50
BUY SELL Quote
-5.11 1,154
6.50
 -99.54 176,400.00
0.28
 0.28 19,900
5.45
BUY SELL Quote
-1.80 6,969
5.45
 -98.98 1,403,200.00
1.33
 1.33 20,000 1,288.00 -2.66 390
1288.0
 -99.20 478,150.00
0.46
 0.46
BUY SELL Quote
2.60
BUY SELL Quote
-1.89 368
2.60
 -99.29 297,400.00
-0.03
 -0.03 21,000 2,290.40 -0.92 63
2290.40
 -98.88 235,650.00
-0.82
 -0.82
BUY SELL Quote
2.05
BUY SELL Quote
-8.89 77
2.05
 -99.79 191,850.00
0.31
 0.31 22,000 3,294.60 0.02 12
3294.60
 -99.08 353,050.00
0.16
 0.16
BUY SELL Quote
2.10
BUY SELL Quote
-10.64 10
2.10
 -99.92 22,200.00
0.00
 0.00 23,000

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FII STATISTICS

Reporting Date Buy Amt Sell Amt Net Amt OI Value
Reporting Date May 26, 2023 5,038.09 3,853.26 1,184.83 13,144.35
Reporting Date May 25, 2023 6,054.70 7,042.49 -987.79 11,854.67
Reporting Date May 24, 2023 7,263.59 7,721.81 -458.22 22,690.77
Reporting Date May 23, 2023 5,449.19 4,628.75 820.44 22,380.97
Reporting Date May 22, 2023 4,899.41 4,860.83 38.58 21,265.23

Most Active Contracts

Future Option

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  • Stock

Company Name LTP() Volume Prev Close() OI
NIFTY-29-JUN-23 18,702.00 58,772.00 18,673.70 10,018,250.00
BANKNIFTY-29-JUN-23 44,401.00 48,259.00 44,368.30 2,153,975.00
Company Name LTP() Volume Prev Close() OI
NIFTY-29-JUN-23 18,702.00 58,772.00 18,673.70 10,018,250.00
BANKNIFTY-29-JUN-23 44,401.00 48,259.00 44,368.30 2,153,975.00

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What are Options?

What are Options? – explained in Hindi

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Derivative Market News

Nifty June futures trade at premium

The Nifty June 2023 futures closed at 18,673, a premium of 74.35 points compared with...

May 29, 2023 16:01

Nifty June futures trade at premium

The Nifty June 2023 futures closed at 18,570.20, a premium of 70.85 points compared with t...

May 26, 2023 16:34

Nifty June futures trade at premium

The Nifty June 2023 futures closed at 18,428, a premium of 106.85 points compared with the...

May 25, 2023 16:20

Nifty May futures trade at premium

The Nifty May 2023 futures closed at 18,300.45, a premium of 15.05 points compared with th...

May 24, 2023 16:13

Nifty May futures trade at premium

The Nifty May 2023 futures closed at 18,359, a premium of 11 points compared with the Nift...

May 23, 2023 16:30

Nifty May futures trade at premium

The Nifty May 2023 futures closed at 18,324.55, a premium of 10.15 points compared with th...

May 22, 2023 16:15

FAQs

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)