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Introduction of Nifty IT Index Options Weekly Contracts


Posted on 06-Mar-2019 Comments  0

Dear Client

 

Greetings from TradePlus !

 

We wish to notify that NSE after the huge success of weekly options contract in Bank Nifty and Nifty 50, has introduced one more Options contract on NIFTY IT Index to the weekly option trading with effect from Monday 11th March 2019The Nifty IT Index options weekly contracts will be for seven consecutive weeks, excluding the week where monthly contracts expire and on expiry next weekly contract will be introduced on rolling basis.

 

We further to inform you that the first series of this contract will expire on March 14 and the second series will expire on March 21 and third series will expire on March 28 respectively and please Click here to read the circular.

 

Please find below the contracts specifications of the weekly options contracts are as given below:

 

Instrument Name OPTIDX
Symbol Nifty IT
Expiry Date Every Thursday of the week. In case the Thursday is a trading holiday, the previous trading day shall be the expiry/last trading day. All contracts shall expire at the normal market closing time on the expiry day or such other time as decided by Exchange
Contract Cycle 7 weekly expiry contracts excluding the expiry week of monthly contract. New serial weekly options contract shall be introduced after expiry of the respective weeks contract.
Strikes Price Interval 6-1-6 strikes (In the money-At the money-Out of the money) with 100 point interval.


We request you to take note of the above and in case of any query or clarifications, please contact our customer support desk 044-49427576, 044- 28214171 or Write to us atsupport@tradeplusonline.com.

 

Assuring the Best Service Always.

 

Warm regards,

Tradeplus Team


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