How revised strike prices in stock options will look?
In a recent circular on futures and options, the National Stock Exchange (NSE) has announced the revision in Scheme of Strikes in Stock Options. Typically, the regulator and the exchange define the number of strikes for the options for ATM, ITM and OTM options as well as the applicable step values for these stocks. Now, as per the revision circular, more strikes will be enabled in these stocks on an intraday basis. The table below provides an illustrative sample of 40 stocks out of the total list of 197 stocks on which F&O is available.
|
Symbol |
Applicable Step value |
No. of Strikes Provided |
No of additional strikes which may be enabled intraday |
|
10 |
11 - 1 - 11 |
18 |
|
|
50 |
7 - 1 - 7 |
12 |
|
|
250 |
11 - 1 - 11 |
18 |
|
|
2.5 |
6 - 1 - 6 |
10 |
|
|
5 |
8 - 1 - 8 |
12 |
|
|
20 |
16 - 1 - 16 |
27 |
|
|
50 |
7 - 1 - 7 |
11 |
|
|
10 |
11 - 1 - 11 |
17 |
|
|
50 |
10 - 1 - 10 |
15 |
|
|
5 |
15 - 1 - 15 |
24 |
|
|
5 |
11 - 1 - 11 |
18 |
|
|
50 |
12 - 1 - 12 |
18 |
|
|
2.5 |
12 - 1 - 12 |
18 |
|
|
2.5 |
9 - 1 - 9 |
13 |
|
|
50 |
8 - 1 - 8 |
14 |
|
|
20 |
13 - 1 - 13 |
21 |
|
|
100 |
13 - 1 - 13 |
20 |
|
|
10 |
10 - 1 - 10 |
16 |
|
|
10 |
9 - 1 - 9 |
13 |
|
|
10 |
10 - 1 - 10 |
16 |
|
|
50 |
12 - 1 - 12 |
18 |
|
|
250 |
8 - 1 - 8 |
11 |
|
|
100 |
9 - 1 - 9 |
13 |
|
|
50 |
7 - 1 - 7 |
11 |
|
|
10 |
6 - 1 - 6 |
10 |
|
|
5 |
10 - 1 - 10 |
16 |
|
|
2.5 |
6 - 1 - 6 |
10 |
|
|
20 |
13 - 1 - 13 |
22 |
|
|
5 |
8 - 1 - 8 |
12 |
|
|
10 |
9 - 1 - 9 |
15 |
|
|
10 |
10 - 1 - 10 |
16 |
|
|
10 |
11 - 1 - 11 |
17 |
|
|
1 |
8 - 1 - 8 |
12 |
|
|
5 |
10 - 1 - 10 |
16 |
|
|
250 |
9 - 1 - 9 |
13 |
|
|
5 |
10 - 1 - 10 |
16 |
|
|
50 |
11 - 1 - 11 |
17 |
|
|
10 |
6 - 1 - 6 |
8 |
|
|
2.5 |
12 - 1 - 12 |
18 |
|
|
10 |
7 - 1 - 7 |
11 |
This is in continuation of the Exchange consolidated circular reference number NSE/FAOP/44482 dated May 27, 2020 and circular reference number NSE/FAOP/52474 dated May 31, 2022 regarding the revision of scheme of strikes in stock options. The list of stocks with their respective applicable step values and number of strikes to be available for trading with effect from July 01st, 2022 is provided in the above table for illustration purposes.
Since the above table is only an illustrative list, for the complete of 197 stocks with step price values and additional strike details with the number of ATM, OTM and ITM strikes; you click on the link below to access the live circular.
https://archives.nseindia.com/content/circulars/FAOP52700.zip
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