National Stock Exchange (NSE) with effect from April 1, 2013 has implemented a new scheme of Strike Prices Interval in Stock Option contracts. This new scheme has reduced the difference in Strike Price of 103 Stock Options.
Salient Features:
1. Difference between two strike prices in Stock Options is reduced. for e.g. previously in L&T, the strikes prices available in Options segment for Call and Put were at 1350-1400-1450 at an interval of 50 points. Now the strike are available at an interval of 20 points i.e. 1380-1400-1420 and further.
2. The new strike scheme is applicable from April 1, 2013 for all stock option contracts across all expiry. The strikes already introduced in April 2013 and May 2013 expiry months shall continue to be available till their respective expiry.
