Lot Sizes and Strikes for 9 New F&O Contracts

Lot Sizes and Strikes for 9 New F&O Contracts

Indian Market
by 5paisa Research Team Last Updated: 2022-08-08T18:58:52+05:30

On 31st December, 9 new stocks were added to the F&O trading eligible list. As on 30th December, a total of 3 indices and 188 stocks were allowed to be traded in the futures and options segment. With the addition of these 9 stocks on 31st December, the total number of eligible stocks in F&O goes up to 197, while 3 indices will continue to trade on F&O.

List of stocks added to the F&O list on 31st December

Given below are the 9 stocks added to F&O on 31-December with indicative lot values based on the announced lot sizes.

Company

Name

NSE

Code

Lot

Size

Indicative

Lot Value #

Quantity

Freeze

Aditya Birla Capital Ltd.

ABCAPITAL

4,400

Rs.532,400

176,000 (40 lots)

Balrampur Chini Mills Ltd

BALRAMCHIN

1,600

Rs.578,800

64,000 (40 lots)

Gujarat Narmada Valley Fertilizers

GNFC

1,300

Rs.568,360

52,000 (40 lots)

Hindustan Copper Ltd

HINDCOPPER

4,300

Rs.527,395

172,000 (40 lots)

Honeywell Automation Ind

HONAUT

15

Rs.615,795

600 (40 lots)

IDFC Limited

IDFC

10,000

Rs.557,000

400,000 (40 lots)

NBCC (India) limited

NBCC

12,000

Rs.552,600

480,000 (40 lots)

Rain Industries Limited

RAIN

2,500

Rs.582,375

100,000 (40 lots)

Tata Communications Ltd

TATACOMM

400

Rs.558,940

16,000 (40 lots)

Data Source: NSE (# Closing prices of 30-Dec are considered)

Actually, there were 10 stocks that were to be added to the F&O trading list on 31st December. However, on 29-December, the NSE issued a circular cancelling the inclusion of Supreme Industries from the F&O list as it had not met one of the required criteria for inclusion in the list of F&O eligible stocks.

Option Strike price details for 9 stock additions

Given below are the 9 stocks added to F&O on 31-December with strike price model, step value and leeway for additional strike prices
 

Company

Name

NSE

Code

Step

Value

ITM / ATM / OTM Strikes

Extra strikes intraday leeway

Aditya Birla Capital Ltd.

ABCAPITAL

2.50

10-1-10

10

Balrampur Chini Mills Ltd

BALRAMCHIN

5.00

15-1-15

15

Gujarat Narmada Valley Fertilizers

GNFC

10.00

9-1-9

9

Hindustan Copper Ltd

HINDCOPPER

2.50

10-1-10

10

Honeywell Automation Ind

HONAUT

500.00

17-1-17

17

IDFC Limited

IDFC

1.00

12-1-12

12

NBCC (India) limited

NBCC

1.00

10-1-10

10

Rain Industries Limited

RAIN

5.00

10-1-10

10

Tata Communications Ltd

TATACOMM

20.00

14-1-14

14

Data Source: NSE

The above strikes shall all be active with effect from 31-December. The strike refer to the combination of in-the-money, at-the-money and Out-of-the-money strikes. In the money strikes are the strikes that can be exercised profitably by the buyer of the options.
 

Check :- Two Additions to the F&O list from Jan-22 Contracts


Did F&O inclusion impact stock prices on the first day?

While 1-day returns may not be conclusive, they are at least indicative of the impact that F&O inclusion had on the price of the stock.

Company

Name

NSE

Code

Lot

Size

Closing Price on 31-Dec

Returns over

30-Dec close

Aditya Birla Capital Ltd.

ABCAPITAL

4,400

Rs.123.70

+2.23%

Balrampur Chini Mills Ltd

BALRAMCHIN

1,600

Rs.369.00

+2.00%

Gujarat Narmada Valley Fertilizers

GNFC

1,300

Rs.440.00

+0.64%

Hindustan Copper Ltd

HINDCOPPER

4,300

Rs.124.40

+1.43%

Honeywell Automation Ind

HONAUT

15

Rs.41,970.00

+2.23%

IDFC Limited

IDFC

10,000

Rs.63.20

+13.46%

NBCC (India) limited

NBCC

12,000

Rs.45.95

-0.22%

Rain Industries Limited

RAIN

2,500

Rs.239.70

+2.90%

Tata Communications Ltd

TATACOMM

400

Rs.1,464

+4.77%

Data Source: NSE

If you look at the daily returns on the 9 stocks added to F&O on 31-December, the returns on all the stocks except NBCC India have been positive. While the returns on most stocks were in the range of 1-3%, two stocks stood out. IDFC Ltd rallied by +13.46% while Tata Communications rallied +4.77%.

However, in both these stocks there were specific stories too. IDFC gained from its proposed merger with IDFC First Bank, while Tata Communications gained from the telecom sector outlook upgrade by ICRA. However, it has been observed that addition in F&O has deepened liquidity in the stock and that should be visible in the next few days of trading.

Also Read:

1) 5 Mantras for Trading Derivatives

2) 5 Mantras for Trading in Futures

3) 5 Mantras for Trading in Options

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