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F&O Stock List
Option chain
19,626.25
CMP
19,763.00
16,747.70
CMP
20,222.45
19,708.25
19,722.25
19,678.40
8,767,750.00
8767750
1.30
0.58
16.08
2,391.50
50.00
Option chain
19,626.25
CMP
19,763.00
16,747.70
CMP
20,222.45
19,708.25
19,722.25
19,678.40
1.30
1.30
0.58
16.08
2,391.50
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
7,729.80
BUY SELL Quote
0.00 0
7729.80
 -100.00 200.00
0.00
 0.00 12,000
6,703.40
BUY SELL Quote
0.01 1,805
6703.40
 -94.12 333,350.00
-19.25
 -19.25 13,000 0.40 -11.11 15,651
0.40
 -98.71 265,850.00
-8.52
 -8.52
BUY SELL Quote
5,642.00
BUY SELL Quote
-1.21 86
5642.0
 -90.95 9,150.00
-3.68
 -3.68 14,000 0.35 -12.50 9,875
0.35
 -98.74 156,900.00
0.22
 0.22
BUY SELL Quote
4,716.00
BUY SELL Quote
0.26 582
4716.0
 -89.97 69,150.00
-17.63
 -17.63 15,000 0.45 -10.00 2,156
0.45
 -99.43 114,600.00
1.78
 1.78
BUY SELL Quote
3,702.45
BUY SELL Quote
-0.16 685
3702.45
 -97.37 236,200.00
-8.59
 -8.59 16,000 0.50 -16.67 1,877
0.50
 -99.51 598,250.00
-1.41
 -1.41
BUY SELL Quote
2,704.40
BUY SELL Quote
-0.23 1,395
2704.40
 -94.57 401,350.00
-10.79
 -10.79 17,000 0.30 -33.33 57,543
0.30
 -98.07 2,959,550.00
17.73
 17.73
BUY SELL Quote
2,238.65
BUY SELL Quote
-11.75 5
2238.65
 -90.00 550.00
0.00
 0.00 17,450 0.40 -33.33 7,501
0.40
 -97.42 147,500.00
11.03
 11.03
BUY SELL Quote
2,205.00
BUY SELL Quote
-0.24 502
2205.0
 -96.57 147,750.00
-3.24
 -3.24 17,500 0.45 -30.77 19,311
0.45
 -98.25 883,050.00
-1.83
 -1.83
BUY SELL Quote
2,055.00
BUY SELL Quote
-2.65 48
2055.0
 -94.00 17,300.00
-9.42
 -9.42 17,600 0.45 -35.71 7,615
0.45
 -98.88 263,950.00
8.44
 8.44
BUY SELL Quote
1,928.80
BUY SELL Quote
0.00 0
1928.80
 -100.00 50.00
0.00
 0.00 17,650
2,009.95
BUY SELL Quote
0.18 141
2009.95
 -89.15 13,800.00
-18.82
 -18.82 17,700 0.40 -38.46 17,508
0.40
 -98.61 595,250.00
1.26
 1.26
BUY SELL Quote
1,954.00
BUY SELL Quote
-0.57 5
1954.0
 -99.09 450.00
0.00
 0.00 17,750 0.50 -41.18 1,792
0.50
 -98.63 26,750.00
21.04
 21.04
BUY SELL Quote
1,871.50
BUY SELL Quote
-1.92 92
1871.50
 -93.19 8,000.00
-23.45
 -23.45 17,800 0.55 -35.29 5,014
0.55
 -98.73 153,400.00
4.53
 4.53
BUY SELL Quote
1,845.00
BUY SELL Quote
-2.40 1
1845.0
 -99.95 400.00
0.00
 0.00 17,850 0.50 -41.18 2,373
0.50
 -98.34 49,350.00
15.04
 15.04
BUY SELL Quote
1,800.00
BUY SELL Quote
-0.91 64
1800.0
 -98.79 10,400.00
-16.13
 -16.13 17,900 0.60 -40.00 3,199
0.60
 -98.48 57,150.00
-5.15
 -5.15
BUY SELL Quote
1,705.00
BUY SELL Quote
-0.37 4,448
1705.0
 -95.48 835,250.00
-17.15
 -17.15 18,000 0.80 -33.33 100,599
0.80
 -98.31 3,387,250.00
9.61
 9.61
BUY SELL Quote
1,717.00
BUY SELL Quote
0.00 0
1717.0
 -100.00 50.00
0.00
 0.00 18,050
1,585.00
BUY SELL Quote
-1.25 12
1585.0
 -99.72 13,200.00
-1.86
 -1.86 18,100 0.75 -34.78 8,485
0.75
 -99.21 411,900.00
-5.04
 -5.04
BUY SELL Quote
1,588.00
BUY SELL Quote
-14.33 1
1588.0
 -99.00 100.00
0.00
 0.00 18,150 0.75 -37.50 10,976
0.75
 -97.71 66,750.00
-17.29
 -17.29
BUY SELL Quote
1,501.50
BUY SELL Quote
-0.41 224
1501.50
 -93.95 20,100.00
-13.17
 -13.17 18,200 0.75 -40.00 27,788
0.75
 -98.58 374,950.00
-7.13
 -7.13
BUY SELL Quote
1,408.90
BUY SELL Quote
-9.21 1
1408.90
 -98.00 150.00
0.00
 0.00 18,250 0.80 -36.00 15,063
0.80
 -98.53 115,550.00
-6.36
 -6.36
BUY SELL Quote
1,406.70
BUY SELL Quote
-0.34 193
1406.70
 -95.61 17,850.00
-21.54
 -21.54 18,300 0.90 -33.33 37,089
0.90
 -99.01 677,550.00
-6.91
 -6.91
BUY SELL Quote
1,365.45
BUY SELL Quote
-1.72 2
1365.45
 -99.91 850.00
6.25
 6.25 18,350 0.85 -34.62 23,940
0.85
 -97.87 110,450.00
17.44
 17.44
BUY SELL Quote
1,250.00
BUY SELL Quote
-4.27 26
1250.0
 -99.65 13,350.00
-6.32
 -6.32 18,400 0.90 -37.93 56,751
0.90
 -98.87 690,500.00
11.08
 11.08
BUY SELL Quote
1,330.00
BUY SELL Quote
0.00 0
1330.0
 -100.00 150.00
0.00
 0.00 18,450
1,206.35
BUY SELL Quote
-0.41 1,083
1206.35
 -97.50 211,250.00
-10.71
 -10.71 18,500 0.95 -26.92 287,856
0.95
 -98.08 3,998,800.00
-15.68
 -15.68
BUY SELL Quote
1,165.00
BUY SELL Quote
-2.27 1
1165.0
 -98.00 400.00
0.00
 0.00 18,550 1.05 -34.38 34,901
1.05
 -98.01 136,050.00
56.29
 56.29
BUY SELL Quote
1,110.40
BUY SELL Quote
0.00 184
1110.40
 -97.58 15,200.00
-11.88
 -11.88 18,600 1.05 -41.67 163,751
1.05
 -97.87 1,150,200.00
32.89
 32.89
BUY SELL Quote
1,053.15
BUY SELL Quote
-0.28 42
1053.15
 -79.00 1,150.00
-54.90
 -54.90 18,650 1.10 -40.54 41,298
1.10
 -98.12 84,400.00
30.55
 30.55
BUY SELL Quote
1,000.50
BUY SELL Quote
-1.36 379
1000.50
 -93.79 24,100.00
-32.30
 -32.30 18,700 1.10 -47.62 170,062
1.10
 -98.11 989,900.00
21.15
 21.15
BUY SELL Quote
953.00
BUY SELL Quote
-1.22 0
953.0
 -100.00 6,050.00
0.00
 0.00 18,750
908.00
BUY SELL Quote
-0.14 662
908.0
 -91.93 53,050.00
12.51
 12.51 18,800 1.30 -45.83 246,548
1.30
 -98.30 2,921,150.00
1.30
 1.30
BUY SELL Quote
804.00
BUY SELL Quote
-6.77 3
804.0
 -99.14 2,700.00
0.00
 0.00 18,850 1.30 -49.02 95,195
1.30
 -98.29 494,600.00
-1.51
 -1.51
BUY SELL Quote
802.50
BUY SELL Quote
-1.03 87
802.50
 -99.13 65,150.00
-2.32
 -2.32 18,900 1.35 -51.79 201,997
1.35
 -98.75 2,919,500.00
6.27
 6.27
BUY SELL Quote
790.00
BUY SELL Quote
3.43 10
790.0
 -98.18 5,100.00
0.00
 0.00 18,950 1.50 -51.61 113,127
1.50
 -98.44 680,200.00
16.25
 16.25
BUY SELL Quote
703.50
BUY SELL Quote
-1.18 6,166
703.50
 -98.05 1,153,400.00
0.11
 0.11 19,000 1.70 -54.05 580,561
1.70
 -98.54 8,650,650.00
-4.96
 -4.96
BUY SELL Quote
665.75
BUY SELL Quote
0.17 38
665.75
 -98.15 10,700.00
-1.83
 -1.83 19,050 1.85 -52.56 286,746
1.85
 -97.24 1,349,350.00
143.06
 143.06
BUY SELL Quote
607.55
BUY SELL Quote
-0.65 744
607.55
 -98.48 100,800.00
-1.37
 -1.37 19,100 1.95 -56.18 412,101
1.95
 -98.19 1,924,050.00
-8.91
 -8.91
BUY SELL Quote
556.95
BUY SELL Quote
-0.38 364
556.95
 -88.26 19,050.00
-8.19
 -8.19 19,150 2.20 -57.28 352,972
2.20
 -98.05 1,466,300.00
26.97
 26.97
BUY SELL Quote
508.50
BUY SELL Quote
-0.89 2,582
508.50
 -97.81 179,900.00
-1.24
 -1.24 19,200 2.60 -58.06 566,347
2.60
 -98.18 3,591,750.00
27.83
 27.83
BUY SELL Quote
456.30
BUY SELL Quote
-2.59 972
456.30
 -97.71 94,300.00
4.43
 4.43 19,250 3.10 -57.24 510,829
3.10
 -97.07 1,904,350.00
9.06
 9.06
BUY SELL Quote
408.45
BUY SELL Quote
-2.72 10,669
408.45
 -96.02 842,250.00
4.41
 4.41 19,300 4.05 -55.98 968,341
4.05
 -97.37 3,978,250.00
9.49
 9.49
BUY SELL Quote
356.25
BUY SELL Quote
-4.55 3,709
356.25
 -93.57 57,400.00
18.11
 18.11 19,350 5.30 -55.08 668,619
5.30
 -97.17 1,697,500.00
26.25
 26.25
BUY SELL Quote
311.00
BUY SELL Quote
-4.07 54,561
311.0
 -93.95 760,600.00
8.91
 8.91 19,400 7.60 -50.81 1,232,782
7.60
 -97.23 5,310,600.00
57.43
 57.43
BUY SELL Quote
264.30
BUY SELL Quote
-5.06 37,175
264.30
 -92.77 201,900.00
182.58
 182.58 19,450 11.10 -45.59 1,072,701
11.10
 -97.15 2,519,050.00
118.81
 118.81
BUY SELL Quote
218.65
BUY SELL Quote
-7.68 303,564
218.65
 -94.51 1,700,150.00
25.34
 25.34 19,500 16.90 -38.99 2,151,868
16.90
 -97.62 8,540,000.00
35.52
 35.52
BUY SELL Quote
176.70
BUY SELL Quote
-10.05 267,096
176.70
 -90.98 526,100.00
195.48
 195.48 19,550 24.65 -34.18 1,654,995
24.65
 -97.24 3,146,700.00
42.41
 42.41
BUY SELL Quote
139.70
BUY SELL Quote
-12.52 1,674,938
139.70
 -92.15 2,422,100.00
71.31
 71.31 19,600 36.25 -28.00 3,726,903
36.25
 -96.99 7,880,050.00
37.69
 37.69
BUY SELL Quote
104.85
BUY SELL Quote
-16.59 2,148,665
104.85
 -91.20 3,054,250.00
318.65
 318.65 19,650 51.35 -22.90 3,089,290
51.35
 -96.90 3,441,600.00
18.82
 18.82
BUY SELL Quote
75.95
BUY SELL Quote
-21.05 4,550,051
75.95
 -96.39 8,832,650.00
62.15
 62.15 19,700
Spot Price: 19678.40
71.85 -17.18 3,989,219
71.85
 -98.17 8,438,600.00
31.20
 31.20
BUY SELL Quote
52.65
BUY SELL Quote
-26.57 2,355,665
52.65
 -97.99 4,944,000.00
66.72
 66.72 19,750 98.95 -11.61 1,176,637
98.95
 -99.08 1,760,150.00
12.77
 12.77
BUY SELL Quote
35.25
BUY SELL Quote
-31.55 3,477,224
35.25
 -98.37 11,877,150.00
12.40
 12.40 19,800 131.30 -7.60 1,035,583
131.30
 -99.26 5,527,000.00
0.65
 0.65
BUY SELL Quote
22.55
BUY SELL Quote
-37.71 1,645,871
22.55
 -98.26 4,800,400.00
43.14
 43.14 19,850 168.10 -4.71 204,271
168.10
 -99.28 861,100.00
-5.04
 -5.04
BUY SELL Quote
14.20
BUY SELL Quote
-42.04 2,042,574
14.20
 -98.41 8,398,150.00
17.03
 17.03 19,900 210.00 -2.44 196,775
210.0
 -99.28 2,057,100.00
-9.10
 -9.10
BUY SELL Quote
8.85
BUY SELL Quote
-47.16 1,082,286
8.85
 -98.18 3,815,550.00
47.43
 47.43 19,950 255.20 -0.35 21,170
255.20
 -99.54 362,700.00
-8.88
 -8.88
BUY SELL Quote
6.00
BUY SELL Quote
-49.37 1,601,817
6.0
 -98.51 10,524,100.00
14.21
 14.21 20,000 301.70 -0.61 76,682
301.70
 -99.25 2,110,750.00
-18.19
 -18.19
BUY SELL Quote
3.75
BUY SELL Quote
-53.42 751,670
3.75
 -98.51 3,775,950.00
0.66
 0.66 20,050 347.25 -1.08 6,561
347.25
 -99.09 165,400.00
-38.58
 -38.58
BUY SELL Quote
2.80
BUY SELL Quote
-52.94 1,103,307
2.80
 -98.42 5,219,000.00
-7.38
 -7.38 20,100 398.35 -0.14 10,422
398.35
 -99.16 495,350.00
-8.21
 -8.21
BUY SELL Quote
2.15
BUY SELL Quote
-52.75 639,831
2.15
 -98.11 3,175,650.00
31.34
 31.34 20,150 450.70 1.07 1,029
450.70
 -99.33 166,200.00
-9.43
 -9.43
BUY SELL Quote
1.80
BUY SELL Quote
-53.85 1,108,035
1.80
 -97.95 7,551,600.00
16.14
 16.14 20,200 499.80 0.80 6,024
499.80
 -99.13 842,500.00
0.06
 0.06
BUY SELL Quote
1.40
BUY SELL Quote
-54.84 318,003
1.40
 -98.85 1,882,800.00
-15.93
 -15.93 20,250 551.75 1.86 479
551.75
 -99.13 36,600.00
-5.91
 -5.91
BUY SELL Quote
1.35
BUY SELL Quote
-48.08 511,008
1.35
 -99.05 5,302,350.00
-1.75
 -1.75 20,300 594.75 0.51 1,241
594.75
 -99.25 154,850.00
-13.03
 -13.03
BUY SELL Quote
1.30
BUY SELL Quote
-49.02 176,706
1.30
 -99.13 1,631,000.00
-5.91
 -5.91 20,350 628.50 -2.51 26
628.50
 -99.56 31,950.00
-1.08
 -1.08
BUY SELL Quote
1.25
BUY SELL Quote
-44.44 311,046
1.25
 -98.92 2,844,350.00
-1.67
 -1.67 20,400 695.20 0.06 400
695.20
 -99.37 51,200.00
-13.66
 -13.66
BUY SELL Quote
1.25
BUY SELL Quote
-45.65 98,468
1.25
 -99.17 730,300.00
-14.46
 -14.46 20,450 816.55 9.91 15
816.55
 -99.79 15,350.00
0.00
 0.00
BUY SELL Quote
1.15
BUY SELL Quote
-47.73 500,895
1.15
 -98.63 5,416,900.00
-12.31
 -12.31 20,500 792.95 -0.11 1,783
792.95
 -97.87 224,650.00
-12.93
 -12.93
BUY SELL Quote
1.20
BUY SELL Quote
-45.45 112,617
1.20
 -98.56 2,135,400.00
30.86
 30.86 20,550 869.35 3.72 2
869.35
 -99.64 3,150.00
0.00
 0.00
BUY SELL Quote
1.10
BUY SELL Quote
-45.00 236,992
1.10
 -98.69 2,779,150.00
-4.49
 -4.49 20,600 900.00 0.51 88
900.0
 -99.51 16,150.00
-5.56
 -5.56
BUY SELL Quote
1.00
BUY SELL Quote
-42.86 56,527
1.0
 -98.79 763,600.00
-1.99
 -1.99 20,650 967.00 3.42 2
967.0
 -99.97 7,200.00
0.00
 0.00
BUY SELL Quote
0.95
BUY SELL Quote
-47.22 150,741
0.95
 -98.69 1,760,450.00
1.34
 1.34 20,700 1,038.05 4.41 165
1038.05
 -98.25 21,100.00
-12.27
 -12.27
BUY SELL Quote
0.90
BUY SELL Quote
-45.45 42,639
0.90
 -98.79 330,200.00
-10.84
 -10.84 20,750
0.90
BUY SELL Quote
-41.94 153,931
0.90
 -98.51 1,827,550.00
15.57
 15.57 20,800 1,088.35 -0.67 207
1088.35
 -77.00 13,200.00
63.98
 63.98
BUY SELL Quote
0.85
BUY SELL Quote
-45.16 40,090
0.85
 -97.88 160,850.00
24.16
 24.16 20,850
0.85
BUY SELL Quote
-46.88 62,452
0.85
 -99.03 582,550.00
7.90
 7.90 20,900 1,203.00 1.48 10
1203.0
 -99.31 2,900.00
-1.69
 -1.69
BUY SELL Quote
0.80
BUY SELL Quote
-48.39 35,904
0.80
 -98.22 136,900.00
49.21
 49.21 20,950
0.90
BUY SELL Quote
-41.94 175,592
0.90
 -99.00 3,201,300.00
-10.36
 -10.36 21,000 1,299.85 0.75 1,321
1299.85
 -97.02 335,300.00
-8.51
 -8.51
BUY SELL Quote
0.90
BUY SELL Quote
-41.94 28,440
0.90
 -98.34 111,850.00
-3.54
 -3.54 21,050
0.95
BUY SELL Quote
-36.67 31,911
0.95
 -99.07 255,250.00
-14.22
 -14.22 21,100
0.85
BUY SELL Quote
-41.38 16,362
0.85
 -98.63 53,250.00
24.56
 24.56 21,150
0.95
BUY SELL Quote
-36.67 23,449
0.95
 -98.59 307,100.00
8.59
 8.59 21,200
0.85
BUY SELL Quote
-37.04 4,867
0.85
 -99.49 44,000.00
2.44
 2.44 21,250
0.85
BUY SELL Quote
-39.29 12,957
0.85
 -99.34 325,100.00
-3.49
 -3.49 21,300 1,660.00 53.70 2
1660.0
 -98.00 250.00
0.00
 0.00
BUY SELL Quote
1.00
BUY SELL Quote
-31.03 1,918
1.0
 -99.57 206,550.00
5.73
 5.73 21,350
1.00
BUY SELL Quote
-23.08 63,891
1.0
 -98.83 661,050.00
16.87
 16.87 21,400
0.90
BUY SELL Quote
-30.77 5,386
0.90
 -99.00 235,900.00
-2.38
 -2.38 21,450
0.90
BUY SELL Quote
-40.00 125,207
0.90
 -98.78 3,843,900.00
-5.32
 -5.32 21,500 1,830.00 2.11 188
1830.0
 -98.66 63,500.00
-1.24
 -1.24
BUY SELL Quote
1.00
BUY SELL Quote
-28.57 3,263
1.0
 -99.11 145,850.00
0.93
 0.93 21,550
0.95
BUY SELL Quote
-32.14 23,865
0.95
 -97.42 759,250.00
69.59
 69.59 21,600
0.90
BUY SELL Quote
-33.33 5,664
0.90
 -99.62 279,450.00
2.72
 2.72 21,650
0.95
BUY SELL Quote
-32.14 19,869
0.95
 -99.12 810,300.00
36.35
 36.35 21,700
0.70
BUY SELL Quote
-44.00 35,183
0.70
 -98.92 1,119,050.00
-7.55
 -7.55 22,000 2,293.90 0.31 2,514
2293.90
 -93.35 342,900.00
-15.91
 -15.91
BUY SELL Quote
0.75
BUY SELL Quote
-21.05 23,722
0.75
 -99.45 1,425,650.00
7.26
 7.26 23,000 3,308.00 0.63 646
3308.0
 -97.16 108,550.00
-19.83
 -19.83
BUY SELL Quote
0.70
BUY SELL Quote
-12.50 120,756
0.70
 -99.13 1,814,200.00
18.47
 18.47 24,000 4,278.85 0.23 64
4278.85
 -99.19 10,050.00
-19.28
 -19.28
BUY SELL Quote

Blogs

In the fast-paced world of intraday trading, traders employ various strategies to profit from quick price movements within a single trading day. One such strategy that has gained popularity among seasoned traders is scalping. The scalping strategy is focused on making numerous small trades with the aim of capitalizing on minor price fluctuations.

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When we focus on intraday strategies that capitalize on the momentum of market trends, momentum trading strategy is one such strategy that holds immense importance. Momentum trading involves identifying and riding the wave of strong and sustained price movements, with the goal of profiting from the continuation of these trends.

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Breakout strategy has emerged as a powerful approach in the world of intraday trading, allowing traders to capitalize on moments when an asset's price breaches a key support or resistance level. 

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FII STATISTICS

Reporting Date Buy Amt Sell Amt Net Amt OI Value
Reporting Date September 21, 2023 5,164.02 6,043.69 -879.67 15,178.98
Reporting Date September 20, 2023 3,919.47 6,101.73 -2,182.26 14,021.10
Reporting Date September 18, 2023 1,568.09 1,899.57 -331.48 17,280.25
Reporting Date September 15, 2023 2,662.21 2,382.00 280.21 17,823.91
Reporting Date September 14, 2023 3,502.04 3,687.55 -185.51 17,487.74

Most Active Contracts

Future Option
  • Index
  • Stock
Company Name LTP() Volume Prev Close() OI
BANKNIFTY-28-SEP-23 44,805.85 140,817.00 44,677.60 1,577,700.00
NIFTY-28-SEP-23 19,704.40 119,575.00 19,708.25 8,767,750.00
Company Name LTP() Volume Prev Close() OI
BANKNIFTY-28-SEP-23 44,805.85 140,817.00 44,677.60 1,577,700.00
NIFTY-28-SEP-23 19,704.40 119,575.00 19,708.25 8,767,750.00

WATCH OUR VIDEO TO KNOW MORE

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Derivative Market News

The Nifty September 2023 futures closed at 19,705, a premium of 30.75 points compared...

Sep 22, 2023 16:22

The Nifty September 2023 futures closed at 19,769.05, a premium of 26.7 points compar...

Sep 21, 2023 16:17

The Nifty September 2023 futures closed at 19,972.35, a premium of 70.95 points compa...

Sep 20, 2023 16:39

The Nifty September 2023 futures closed at 20,170, a premium of 36.7 points compared ...

Sep 18, 2023 16:41

The Nifty September 2023 futures closed at 20,240.10, a premium of 47.75 points compa...

Sep 15, 2023 17:14

The Nifty September 2023 futures closed at 20,186.60, a premium of 83.5 points compar...

Sep 14, 2023 16:56

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)