Revision in Options Strikes

Revision in Options Strikes – Revision in Scheme of Strikes in Stock Options

Revision in options strikes on the stocks traded on National Stock Exchange of India (NSE) in futures and options segment will be effective from 27 Sep 2013.

Read about volatility based strike prices on NSE.  You can read about introduction of volatility based strike price on options and strike intervals. Please read that to understand more about the concept of introducing volatility based strike prices on NSE.

In continuation to the circulars mentioned in the link above, National Stock Exchange has further  revised  scheme of strikes in stock option.  This revision of strike prices on stock options will come into force from 27 sep 2013. (After expiry of September Month Contracts).  The list of stocks, with the respective applicable step values and number of strikes to be available for trading  from September 27, 2013 is listed below.

There are changes in old strike prices to revised strike prices. For example old strike price of Reliance Capital is 10 where as it is revised to 20 after revision in options strikes for stock options.

SymbolApplicable Step valueNo. of Strikes Provided
In the money – At the money – Out of the money
No of additional strikes which may be enabled intraday
ABIRLANUVO505 -1- 55
ACC2010 -1- 1010
ADANIENT56 -1- 66
ADANIPORTS56 -1- 66
ADANIPOWER2.55 -1- 55
ALBK2.57 -1- 77
AMBUJACEM105 -1- 55
ANDHRABANK2.55 -1- 55
APOLLOTYRE2.56 -1- 66
ARVIND2.57 -1- 77
ASHOKLEY2.55 -1- 55
ASIANPAINT205 -1- 55
AUROPHARMA105 -1- 55
AXISBANK505 -1- 55
BAJAJ-AUTO508 -1- 88
BANKBARODA206 -1- 66
BANKINDIA105 -1- 55
BATAINDIA209 -1- 99
BHARATFORG105 -1- 55
BHARTIARTL107 -1- 77
BHEL105 -1- 55
BIOCON107 -1- 77
BPCL107 -1- 77
CAIRN107 -1- 77
CANBK105 -1- 55
CENTURYTEX105 -1- 55
CESC107 -1- 77
CHAMBLFERT2.55 -1- 55
CIPLA109 -1- 99
COALINDIA106 -1- 66
COLPAL2010 -1- 1010
CROMPGREAV55 -1- 55
DABUR57 -1- 77
DENABANK2.55 -1- 55
DISHTV2.55 -1- 55
DIVISLAB2010 -1- 1010
DLF105 -1- 55
DRREDDY509 -1- 99
EXIDEIND56 -1- 66
FEDERALBNK106 -1- 66
FINANTECH205 -1- 55
FRL105 -1- 55
GAIL107 -1- 77
GMRINFRA2.55 -1- 55
GODREJIND106 -1- 66
GRASIM5010 -1- 1010
GSPL2.55 -1- 55
HAVELLS207 -1- 77
HCLTECH2010 -1- 1010
HDFC208 -1- 88
HDFCBANK207 -1- 77
HDIL2.55 -1- 55
HEROMOTOCO509 -1- 99
HEXAWARE55 -1- 55
HINDALCO55 -1- 55
HINDPETRO105 -1- 55
HINDUNILVR207 -1- 77
HINDZINC55 -1- 55
IBREALEST2.55 -1- 55
ICICIBANK2010 -1- 1010
IDBI2.55 -1- 55
IDEA57 -1- 77
IDFC55 -1- 55
IFCI2.55 -1- 55
IGL106 -1- 66
INDIACEM2.55 -1- 55
INDUSINDBK205 -1- 55
INFY5010 -1- 1010
IOB2.55 -1- 55
IOC105 -1- 55
IRB55 -1- 55
ITC107 -1- 77
JINDALSTEL105 -1- 55
JISLJALEQS2.55 -1- 55
JPASSOCIAT2.55 -1- 55
JPPOWER2.55 -1- 55
JSWENERGY2.55 -1- 55
JSWSTEEL207 -1- 77
JUBLFOOD2010 -1- 1010
KOTAKBANK208 -1- 88
KTKBANK55 -1- 55
LICHSGFIN105 -1- 55
LT209 -1- 99
LUPIN209 -1- 99
M&M209 -1- 99
MARUTI506 -1- 66
MCDOWELL-N5010 -1- 1010
MCLEODRUSS106 -1- 66
MRF5010 -1- 1010
NHPC2.55 -1- 55
NMDC55 -1- 55
NTPC56 -1- 66
OFSS5010 -1- 1010
ONGC106 -1- 66
OPTOCIRCUI2.55 -1- 55
ORIENTBANK105 -1- 55
PETRONET55 -1- 55
PFC56 -1- 66
PNB206 -1- 66
POWERGRID2.58 -1- 88
PTC2.55 -1- 55
PUNJLLOYD2.55 -1- 55
RANBAXY205 -1- 55
RCOM105 -1- 55
RECLTD105 -1- 55
RELCAPITAL205 -1- 55
RELIANCE209 -1- 99
RELINFRA205 -1- 55
RENUKA2.55 -1- 55
RPOWER2.56 -1- 66
SAIL2.55 -1- 55
SBIN507 -1- 77
SESAGOA105 -1- 55
SIEMENS205 -1- 55
SRTRANSFIN206 -1- 66
SUNPHARMA206 -1- 66
SUNTV205 -1- 55
SYNDIBANK2.56 -1- 66
TATACHEM510 -1- 1010
TATACOMM105 -1- 55
TATAGLOBAL56 -1- 66
TATAMOTORS107 -1- 77
TATAMTRDVR57 -1- 77
TATAPOWER2.57 -1- 77
TATASTEEL106 -1- 66
TCS508 -1- 88
TECHM506 -1- 66
TITAN105 -1- 55
UCOBANK2.55 -1- 55
ULTRACEMCO507 -1- 77
UNIONBANK55 -1- 55
UNIPHOS56 -1- 66
UNITECH2.55 -1- 55
VIJAYABANK2.55 -1- 55
VOLTAS2.57 -1- 77
WIPRO1010 -1- 1010
YESBANK205 -1- 55
ZEEL105 -1- 55

National Stock Exchange of India notified above changes vide it’s circular Reference No 70/2013 and Download Reference No NSE/FAOP/24538 DEPARTMENT : FUTURES & OPTIONS . This circular for revision in options strikes in stock options is published on 24 Sep 2013 and will come into effect from 27 Sep 2013 (This is the first trading day of Oct 2013 contracts as first month contracts. Sep 2013 derivatives contracts expire on 26 Sep 2013).

Please note that the revision in options strikes prices is only on stock options traded on National Stock Exchange of India and not for index options traded in NSE like Nifty, Bank Nifty, CNX Nifty etc.,

Click Here to visit NSE website for downloading circular.