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Invest in Futures and Options


F&O Stock List
Option chain
20,292.90
CMP
20,410.00
16,828.35
CMP
20,291.55
20,270.60
20,292.90
20,267.90
9,944,150.00
9944150
0.26
0.67
6.63
2,125.74
50.00
Option chain
20,292.90
CMP
20,410.00
16,828.35
CMP
20,291.55
20,270.60
20,292.90
20,267.90
0.26
0.26
0.67
6.63
2,125.74
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
8,945.15
BUY SELL Quote
0.00 0
8945.15
 -100.00 7,000.00
0.00
 0.00 11,000
7,326.15
BUY SELL Quote
1.77 135
7326.15
 -99.02 479,100.00
-0.03
 -0.03 13,000 2.00 -16.67 147
2.0
 -98.27 200,650.00
-0.91
 -0.91
BUY SELL Quote
6,342.90
BUY SELL Quote
3.47 2
6342.90
 -98.67 7,750.00
-1.27
 -1.27 14,000 1.85 -17.78 237
1.85
 -98.78 95,550.00
-2.00
 -2.00
BUY SELL Quote
5,793.55
BUY SELL Quote
0.00 0
5793.55
 -100.00 1,025.00
0.00
 0.00 14,500
5,351.00
BUY SELL Quote
2.20 25
5351.0
 -99.12 65,900.00
-1.35
 -1.35 15,000 2.50 -13.79 1,554
2.50
 -78.42 298,850.00
4.17
 4.17
BUY SELL Quote
4,295.00
BUY SELL Quote
0.00 0
4295.0
 -100.00 2,850.00
0.00
 0.00 15,500
4,350.00
BUY SELL Quote
2.61 120
4350.0
 -99.72 271,950.00
-1.49
 -1.49 16,000 3.50 -10.26 1,477
3.50
 -98.98 673,800.00
-2.25
 -2.25
BUY SELL Quote
3,834.05
BUY SELL Quote
4.32 79
3834.05
 -89.47 13,700.00
-6.80
 -6.80 16,500
3,327.00
BUY SELL Quote
2.97 326
3327.0
 -99.38 448,350.00
-1.69
 -1.69 17,000 4.15 -5.68 2,383
4.15
 -99.05 1,112,700.00
-1.52
 -1.52
BUY SELL Quote
2,097.05
BUY SELL Quote
0.00 0
2097.05
 -100.00 150.00
0.00
 0.00 17,350
2,466.55
BUY SELL Quote
0.00 0
2466.55
 -100.00 100.00
0.00
 0.00 17,450
2,847.15
BUY SELL Quote
3.27 114
2847.15
 -99.45 188,850.00
0.00
 0.00 17,500 5.95 -9.16 3,037
5.95
 -99.31 1,136,250.00
-0.25
 -0.25
BUY SELL Quote
2,355.70
BUY SELL Quote
0.00 0
2355.70
 -100.00 50.00
0.00
 0.00 17,550
2,614.00
BUY SELL Quote
0.00 0
2614.0
 -100.00 350.00
0.00
 0.00 17,600
2,515.00
BUY SELL Quote
0.50 0
2515.0
 -100.00 8,000.00
0.00
 0.00 17,750
2,555.00
BUY SELL Quote
5.33 70
2555.0
 -99.71 56,750.00
-0.35
 -0.35 17,800 6.15 -12.77 273
6.15
 -99.12 31,050.00
-4.46
 -4.46
BUY SELL Quote
2,280.00
BUY SELL Quote
0.00 0
2280.0
 -100.00 250.00
0.00
 0.00 17,850
2,449.15
BUY SELL Quote
5.11 10
2449.15
 -99.57 10,300.00
0.00
 0.00 17,900 6.40 -11.11 223
6.40
 -99.57 22,400.00
-8.57
 -8.57
BUY SELL Quote
2,342.85
BUY SELL Quote
3.91 1,008
2342.85
 -99.54 2,193,575.00
-0.19
 -0.19 18,000 6.90 -10.39 13,863
6.90
 -98.70 4,447,650.00
1.01
 1.01
BUY SELL Quote
2,264.10
BUY SELL Quote
5.19 34
2264.10
 -99.18 20,850.00
-0.24
 -0.24 18,100 6.70 -22.54 4,106
6.70
 -94.89 219,800.00
37.59
 37.59
BUY SELL Quote
1,040.10
BUY SELL Quote
0.00 0
1040.10
 -100.00 50.00
0.00
 0.00 18,150
2,180.15
BUY SELL Quote
4.98 36
2180.15
 -99.55 16,350.00
0.00
 0.00 18,200 7.40 -15.91 3,453
7.40
 -97.67 230,800.00
16.30
 16.30
BUY SELL Quote
1,075.55
BUY SELL Quote
0.00 0
1075.55
 -100.00 350.00
0.00
 0.00 18,250
2,073.20
BUY SELL Quote
6.09 12
2073.20
 -99.88 17,650.00
-0.28
 -0.28 18,300 7.90 -19.80 2,478
7.90
 -98.20 181,050.00
-1.01
 -1.01
BUY SELL Quote
1,805.80
BUY SELL Quote
0.00 0
1805.80
 -100.00 450.00
0.00
 0.00 18,350
1,986.85
BUY SELL Quote
9.33 10
1986.85
 -99.41 13,000.00
-0.76
 -0.76 18,400 8.70 -19.82 4,935
8.70
 -97.34 286,400.00
7.87
 7.87
BUY SELL Quote
1,400.00
BUY SELL Quote
0.00 0
1400.0
 -100.00 800.00
0.00
 0.00 18,450
1,854.30
BUY SELL Quote
5.21 685
1854.30
 -99.57 467,050.00
-0.69
 -0.69 18,500 10.50 -21.05 27,939
10.50
 -97.87 2,103,900.00
13.75
 13.75
BUY SELL Quote
1,490.50
BUY SELL Quote
0.00 0
1490.50
 -100.00 1,450.00
0.00
 0.00 18,550
1,747.60
BUY SELL Quote
4.93 21
1747.60
 -99.77 35,400.00
-0.56
 -0.56 18,600 11.00 -18.22 12,144
11.0
 -95.07 368,100.00
-16.87
 -16.87
BUY SELL Quote
1,620.00
BUY SELL Quote
0.65 0
1620.0
 -100.00 3,850.00
0.00
 0.00 18,650
1,679.60
BUY SELL Quote
6.90 8
1679.60
 -99.78 46,350.00
-0.43
 -0.43 18,700 12.35 -20.06 7,888
12.35
 -96.70 438,750.00
12.18
 12.18
BUY SELL Quote
1,672.50
BUY SELL Quote
11.50 1
1672.50
 -99.94 4,400.00
-1.12
 -1.12 18,750 13.60 -18.07 6,317
13.60
 -85.87 133,800.00
218.19
 218.19
BUY SELL Quote
1,561.00
BUY SELL Quote
5.67 93
1561.0
 -99.06 80,650.00
-3.12
 -3.12 18,800 13.50 -20.35 15,669
13.50
 -97.94 1,005,700.00
22.27
 22.27
BUY SELL Quote
1,528.00
BUY SELL Quote
10.94 10
1528.0
 -80.00 9,050.00
-1.63
 -1.63 18,850 13.35 -29.74 1,575
13.35
 -97.47 53,750.00
32.55
 32.55
BUY SELL Quote
1,484.15
BUY SELL Quote
6.86 13
1484.15
 -99.75 42,300.00
0.00
 0.00 18,900 16.20 -21.74 10,507
16.20
 -96.83 489,050.00
0.30
 0.30
BUY SELL Quote
1,286.00
BUY SELL Quote
0.00 0
1286.0
 -100.00 2,450.00
0.00
 0.00 18,950
1,363.00
BUY SELL Quote
5.81 1,454
1363.0
 -99.15 1,056,700.00
-1.18
 -1.18 19,000 20.05 -20.44 48,746
20.05
 -98.22 5,407,150.00
5.36
 5.36
BUY SELL Quote
1,344.00
BUY SELL Quote
9.06 19
1344.0
 -92.40 3,850.00
-14.44
 -14.44 19,050 20.65 -21.78 1,846
20.65
 -97.87 54,750.00
-3.27
 -3.27
BUY SELL Quote
1,277.00
BUY SELL Quote
7.03 79
1277.0
 -99.64 76,950.00
-1.54
 -1.54 19,100 21.60 -23.13 8,645
21.60
 -98.21 408,150.00
-4.45
 -4.45
BUY SELL Quote
1,254.15
BUY SELL Quote
9.82 32
1254.15
 -96.00 11,800.00
-2.07
 -2.07 19,150 23.60 -21.33 1,325
23.60
 -98.88 61,650.00
-11.23
 -11.23
BUY SELL Quote
1,180.00
BUY SELL Quote
7.76 691
1180.0
 -97.79 94,800.00
-16.29
 -16.29 19,200 26.00 -20.73 18,433
26.0
 -98.14 849,150.00
17.05
 17.05
BUY SELL Quote
1,093.55
BUY SELL Quote
5.14 1
1093.55
 -99.90 12,950.00
0.00
 0.00 19,250 27.50 -21.99 5,565
27.50
 -96.90 103,800.00
-15.44
 -15.44
BUY SELL Quote
1,080.00
BUY SELL Quote
7.47 268
1080.0
 -99.37 106,800.00
-5.78
 -5.78 19,300 31.00 -21.32 21,012
31.0
 -97.82 877,650.00
4.40
 4.40
BUY SELL Quote
1,029.25
BUY SELL Quote
7.94 6
1029.25
 -99.89 9,200.00
0.00
 0.00 19,350 32.35 -21.95 5,262
32.35
 -97.56 199,050.00
24.91
 24.91
BUY SELL Quote
988.00
BUY SELL Quote
9.29 584
988.0
 -98.92 134,100.00
3.51
 3.51 19,400 34.90 -23.97 24,552
34.90
 -97.28 745,150.00
-3.11
 -3.11
BUY SELL Quote
962.00
BUY SELL Quote
10.73 22
962.0
 -99.77 23,600.00
0.43
 0.43 19,450 39.20 -21.68 4,997
39.20
 -97.50 90,200.00
-16.71
 -16.71
BUY SELL Quote
895.40
BUY SELL Quote
8.77 3,451
895.40
 -99.29 901,950.00
-2.22
 -2.22 19,500 43.20 -22.44 59,387
43.20
 -97.98 2,635,000.00
-3.28
 -3.28
BUY SELL Quote
863.60
BUY SELL Quote
11.05 35
863.60
 -99.90 72,000.00
-0.48
 -0.48 19,550 46.95 -22.14 4,522
46.95
 -97.62 155,900.00
25.07
 25.07
BUY SELL Quote
809.05
BUY SELL Quote
11.55 3,291
809.05
 -99.04 452,050.00
-9.04
 -9.04 19,600 52.00 -21.27 37,865
52.0
 -97.49 1,153,850.00
26.58
 26.58
BUY SELL Quote
790.35
BUY SELL Quote
14.57 41
790.35
 -99.76 34,550.00
0.29
 0.29 19,650 56.55 -22.69 4,688
56.55
 -98.33 146,600.00
4.53
 4.53
BUY SELL Quote
714.00
BUY SELL Quote
10.42 1,342
714.0
 -99.35 404,200.00
-4.02
 -4.02 19,700 62.45 -22.57 33,201
62.45
 -97.43 961,200.00
1.87
 1.87
BUY SELL Quote
674.85
BUY SELL Quote
10.84 294
674.85
 -99.63 95,250.00
-3.00
 -3.00 19,750 68.00 -22.95 7,102
68.0
 -97.04 156,700.00
97.23
 97.23
BUY SELL Quote
616.15
BUY SELL Quote
8.92 6,977
616.15
 -99.25 801,450.00
-3.56
 -3.56 19,800 74.00 -24.61 47,775
74.0
 -98.31 1,869,450.00
11.38
 11.38
BUY SELL Quote
600.00
BUY SELL Quote
13.55 248
600.0
 -99.70 73,250.00
-1.94
 -1.94 19,850 84.00 -21.68 7,815
84.0
 -96.87 203,650.00
57.87
 57.87
BUY SELL Quote
547.00
BUY SELL Quote
11.55 7,307
547.0
 -98.77 618,550.00
-9.97
 -9.97 19,900 92.45 -23.31 37,482
92.45
 -98.37 1,876,100.00
20.16
 20.16
BUY SELL Quote
506.90
BUY SELL Quote
11.90 414
506.90
 -99.61 106,200.00
-1.03
 -1.03 19,950 102.50 -22.17 8,014
102.50
 -97.81 170,750.00
31.04
 31.04
BUY SELL Quote
466.40
BUY SELL Quote
12.64 30,047
466.40
 -99.20 2,261,900.00
-4.25
 -4.25 20,000 111.35 -23.02 96,523
111.35
 -98.52 4,005,600.00
17.65
 17.65
BUY SELL Quote
429.45
BUY SELL Quote
12.85 1,923
429.45
 -99.25 95,150.00
-4.32
 -4.32 20,050 123.45 -22.36 9,202
123.45
 -96.93 124,150.00
41.16
 41.16
BUY SELL Quote
394.00
BUY SELL Quote
13.72 19,905
394.0
 -99.06 704,300.00
-17.65
 -17.65 20,100 137.05 -22.33 38,641
137.05
 -98.45 1,133,200.00
38.97
 38.97
BUY SELL Quote
360.00
BUY SELL Quote
14.12 5,863
360.0
 -97.49 137,900.00
16.52
 16.52 20,150 153.20 -19.96 7,146
153.20
 -96.83 114,550.00
55.43
 55.43
BUY SELL Quote
322.10
BUY SELL Quote
14.12 68,711
322.10
 -97.62 1,504,700.00
14.85
 14.85 20,200 167.65 -19.67 93,101
167.65
 -96.49 1,887,850.00
59.47
 59.47
BUY SELL Quote
261.15
BUY SELL Quote
3.61 13,952
261.15
 -96.31 222,250.00
55.04
 55.04 20,250
Spot Price: 20267.90
175.00 -24.29 13,653
175.0
 -94.49 168,700.00
82.58
 82.58
BUY SELL Quote
268.00
BUY SELL Quote
18.85 46,694
268.0
 -96.97 997,450.00
20.84
 20.84 20,300 205.00 -18.33 53,153
205.0
 -91.55 766,900.00
198.64
 198.64
BUY SELL Quote
231.00
BUY SELL Quote
15.01 5,988
231.0
 -95.12 126,150.00
73.40
 73.40 20,350 224.00 -19.03 3,341
224.0
 -96.00 62,250.00
203.66
 203.66
BUY SELL Quote
203.85
BUY SELL Quote
15.73 35,733
203.85
 -96.99 951,000.00
9.09
 9.09 20,400 249.05 -17.60 20,925
249.05
 -88.93 356,600.00
514.30
 514.30
BUY SELL Quote
181.10
BUY SELL Quote
17.03 4,976
181.10
 -95.62 106,250.00
19.11
 19.11 20,450 270.25 -18.30 915
270.25
 -98.40 55,750.00
13.31
 13.31
BUY SELL Quote
155.95
BUY SELL Quote
16.03 78,819
155.95
 -97.90 2,057,100.00
-12.10
 -12.10 20,500 293.05 -18.88 27,211
293.05
 -96.23 1,007,650.00
39.63
 39.63
BUY SELL Quote
135.05
BUY SELL Quote
16.72 7,491
135.05
 -96.65 169,400.00
47.88
 47.88 20,550 320.30 -18.25 658
320.30
 -98.66 65,050.00
28.56
 28.56
BUY SELL Quote
112.95
BUY SELL Quote
13.63 28,878
112.95
 -97.91 871,150.00
10.40
 10.40 20,600 352.60 -16.66 3,230
352.60
 -95.19 116,850.00
131.16
 131.16
BUY SELL Quote
97.75
BUY SELL Quote
14.53 5,559
97.75
 -97.74 102,700.00
17.98
 17.98 20,650 383.10 -14.63 707
383.10
 41.40 21,050.00
3,727.27
 3,727.27
BUY SELL Quote
81.00
BUY SELL Quote
15.55 53,323
81.0
 -95.85 959,750.00
27.92
 27.92 20,700 419.00 -14.23 1,773
419.0
 -89.54 56,300.00
88.29
 88.29
BUY SELL Quote
67.45
BUY SELL Quote
12.60 9,314
67.45
 -93.30 164,950.00
114.92
 114.92 20,750 445.55 -13.40 366
445.55
 83.00 9,300.00
2,557.14
 2,557.14
BUY SELL Quote
57.05
BUY SELL Quote
14.67 38,390
57.05
 -96.50 961,550.00
23.74
 23.74 20,800 491.60 -13.97 964
491.60
 -93.44 23,100.00
41.28
 41.28
BUY SELL Quote
47.00
BUY SELL Quote
9.81 7,949
47.0
 -95.45 124,700.00
99.36
 99.36 20,850 515.65 -13.37 40
515.65
 -80.00 1,850.00
825.00
 825.00
BUY SELL Quote
40.05
BUY SELL Quote
13.30 20,115
40.05
 -97.20 464,950.00
60.00
 60.00 20,900 567.80 -13.38 185
567.80
 -95.54 7,400.00
27.59
 27.59
BUY SELL Quote
32.05
BUY SELL Quote
7.55 6,705
32.05
 -95.89 105,500.00
96.64
 96.64 20,950 619.50 -10.50 11
619.50
 -99.82 6,150.00
4.24
 4.24
BUY SELL Quote
28.80
BUY SELL Quote
10.13 78,662
28.80
 -97.70 3,613,450.00
9.39
 9.39 21,000 663.00 -10.74 6,138
663.0
 -98.03 826,400.00
-0.46
 -0.46
BUY SELL Quote
22.60
BUY SELL Quote
5.85 3,456
22.60
 -97.06 41,650.00
-0.48
 -0.48 21,050
18.65
BUY SELL Quote
6.88 18,307
18.65
 -95.91 476,950.00
132.60
 132.60 21,100 742.55 -10.56 105
742.55
 -88.33 7,350.00
133.33
 133.33
BUY SELL Quote
15.25
BUY SELL Quote
3.04 3,940
15.25
 -98.74 147,650.00
13.58
 13.58 21,150 790.00 0.00 3
790.0
 0.00 150.00
0.00
 0.00
BUY SELL Quote
13.20
BUY SELL Quote
1.54 22,479
13.20
 -96.01 539,550.00
77.69
 77.69 21,200 839.35 -8.46 46
839.35
 -97.86 6,800.00
8.80
 8.80
BUY SELL Quote
11.30
BUY SELL Quote
-0.88 6,707
11.30
 -94.09 137,300.00
343.62
 343.62 21,250
9.65
BUY SELL Quote
-0.52 11,804
9.65
 -96.94 281,650.00
32.82
 32.82 21,300 922.90 -9.48 173
922.90
 -96.99 22,350.00
-16.45
 -16.45
BUY SELL Quote
8.80
BUY SELL Quote
0.00 2,550
8.80
 -93.43 24,550.00
150.51
 150.51 21,350
7.85
BUY SELL Quote
-1.26 7,452
7.85
 -95.26 126,000.00
128.68
 128.68 21,400 1,014.80 -10.65 9
1014.80
 -99.42 1,950.00
-4.88
 -4.88
BUY SELL Quote
7.00
BUY SELL Quote
1.45 3,861
7.0
 -94.64 42,000.00
72.84
 72.84 21,450
6.90
BUY SELL Quote
-0.72 23,346
6.90
 -92.95 594,300.00
426.16
 426.16 21,500 1,138.75 -6.63 555
1138.75
 -98.56 50,600.00
53.80
 53.80
BUY SELL Quote
6.75
BUY SELL Quote
3.05 481
6.75
 -97.61 4,600.00
95.74
 95.74 21,550
6.20
BUY SELL Quote
-0.80 1,249
6.20
 -97.63 22,750.00
91.18
 91.18 21,600 1,188.15 -11.99 8
1188.15
 -96.80 650.00
160.00
 160.00
BUY SELL Quote
5.70
BUY SELL Quote
0.00 347
5.70
 0.00 3,800.00
0.00
 0.00 21,650
4.80
BUY SELL Quote
-5.88 12,911
4.80
 -98.86 1,194,950.00
10.06
 10.06 22,000 1,625.00 -4.81 1,382
1625.0
 -99.44 610,600.00
-3.79
 -3.79
BUY SELL Quote
4.30
BUY SELL Quote
72.00 13,615
4.30
 -90.18 511,950.00
110.64
 110.64 23,000 2,600.35 -3.42 889
2600.35
 -99.24 577,750.00
2.00
 2.00
BUY SELL Quote
2.95
BUY SELL Quote
-3.28 1,470
2.95
 -95.05 86,950.00
10.34
 10.34 24,000 3,571.30 -3.26 7
3571.30
 -99.13 1,050.00
31.25
 31.25
BUY SELL Quote
3.05
BUY SELL Quote
24.49 3,785
3.05
 -98.30 773,600.00
12.97
 12.97 25,000

Blogs

 The National Stock Exchange (NSE) Nifty and the Bombay Stock Exchange (BSE) Sensex are two prominent stock market indices in India, playing a crucial role in reflecting the overall health and performance of the Indian equity market. These indices serve as barometers of the country's economic and financial well-being, influencing investor sentiment and decision-making. In this blog, we will delve into the intricacies of NSE Nifty and BSE Sensex, exploring their significance, calculation methodologies, and the factors that influence their movements.

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Chart patterns play a pivotal role in the world of technical analysis for traders and investors. They provide insights into potential price movements, offering invaluable guidance. One such set of patterns is the "Wedges," encompassing the "Rising Wedge" and the "Falling Wedge." In this blog, we will explore these patterns in detail, using real-life examples from the Indian stock market to illustrate their significance.

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In the world of stock trading, technical analysis plays a crucial role in helping traders make informed decisions. Chart patterns are an integral part of technical analysis, and among them, the ascending and descending triangles are two significant formations. In this blog, we will explore these triangle patterns in depth, using real-life examples from the Indian stock market to illustrate their relevance.

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FII STATISTICS

Reporting Date Buy Amt Sell Amt Net Amt OI Value
Reporting Date November 30, 2023 11,319.02 11,149.09 169.93 16,865.32
Reporting Date November 29, 2023 9,434.49 8,100.77 1,333.72 23,374.99
Reporting Date November 28, 2023 6,278.51 6,247.48 31.03 20,540.41
Reporting Date November 24, 2023 3,210.35 3,212.23 -1.88 19,411.87
Reporting Date November 23, 2023 2,174.93 2,728.92 -553.99 19,118.67

Most Active Contracts

Future Option
  • Index
  • Stock
Company Name LTP() Volume Prev Close() OI
BANKNIFTY-28-DEC-23 45,063.00 145,525.00 44,732.30 2,262,465.00
NIFTY-28-DEC-23 20,360.00 106,287.00 20,270.60 9,944,150.00
Company Name LTP() Volume Prev Close() OI
BANKNIFTY-28-DEC-23 45,063.00 145,525.00 44,732.30 2,262,465.00
NIFTY-28-DEC-23 20,360.00 106,287.00 20,270.60 9,944,150.00

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Derivative Market News

The Nifty December 2023 futures closed at 20,360, a premium of 92.10 points compared ...

Dec 01, 2023 17:15

The Nifty December 2023 futures closed at 20,269.10, a premium of 135.95 points compa...

Nov 30, 2023 16:46

The Nifty November 2023 futures closed at 20,143, a premium of 46.4 points compared w...

Nov 29, 2023 16:30

The Nifty November 2023 futures closed at 19,953, a premium of 63.3 points compared w...

Nov 28, 2023 16:15

The Nifty November 2023 futures closed at 19,825, a premium of 30.3 points compared w...

Nov 24, 2023 16:41

The Nifty November 2023 futures closed at 19,875.50, a premium of 73.5 points compare...

Nov 23, 2023 16:40

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)