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CURRENCY OPTIONS
Currency Options provide a convenient way of taking position. Premium paid for Call or Put options act as a premium paid for insuring a position and is usually a very nominal amount.
Currency Options are cash settled in INR.
Currency Options provide a convenient way of taking position. Premium paid for Call or Put options act as a premium paid for insuring a position and is usually a very nominal amount.
In Currency Derivatives Segment (CDS), four INR pairs are available for trading at NSE.
In a currency pair, left hand side currency is known as base currency and right hand side currency is termed as quote currency. At an exchange base currency is traded for quote currency.
Currency Options are cash settled in INR.
Both Futures and Options are available for trading in Currency Derivatives
Market is open from 9:00 AM to 5:00 PM
Tick size in currency derivatives is 0.0025 (25% of one paise)
Daily MTM is done on T+1 and Final Settlement is done on T+2 basis
Highest trading volume is observed in USDINR with more than 90% amongst all currency pairs.
One Lot =1000 Base Currency except in JPY; i.e. 1000 USD, 1,000 GBP, 1000 EUR, 100,000 JPY
Option premium is very low
Options are available in 25 strike prices; 12 ITM, 12 OTM and 1 ATM (25 CE and 25 PE)
Monthly and Weekly Contracts are available for trading in all INR pairs
Weekly Options expire on every Friday
Monthly Options expire two days before last working day of a month by 12:30 PM
Contracts are settled at RBI reference rate
Weekly Options are highly liquid.
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