Hi,
Can anyone tell me how to find the price band for nifty options?
I tried to search it on nse sites and got below information. Look at the bold font. It just says "A contract specific price range based on its delta value is computed and updated on a daily basis". But where can I find out the value?
Can anyone tell me how to find the price band for nifty options?
I tried to search it on nse sites and got below information. Look at the bold font. It just says "A contract specific price range based on its delta value is computed and updated on a daily basis". But where can I find out the value?
Price Bands
There are no day minimum/maximum price ranges applicable in the derivatives segment. However, in order to prevent erroneous order entry, operating ranges and day minimum/maximum ranges are kept as below:
1. For Index Futures: at 10% of the base price
2. For Futures on Individual Securities: at 20% of the base price
3. For Index and Stock Options: A contract specific price range based on its delta value is computed and updated on a daily basis.
In view of this, orders placed at prices which are beyond the operating ranges would reach the Exchange as a price freeze.
There are no day minimum/maximum price ranges applicable in the derivatives segment. However, in order to prevent erroneous order entry, operating ranges and day minimum/maximum ranges are kept as below:
1. For Index Futures: at 10% of the base price
2. For Futures on Individual Securities: at 20% of the base price
3. For Index and Stock Options: A contract specific price range based on its delta value is computed and updated on a daily basis.
In view of this, orders placed at prices which are beyond the operating ranges would reach the Exchange as a price freeze.