Adjustment of Futures and Options contracts in ITC Limited

[curiousvi]

Where did you find that info? so next time I can look up myself?

[ShubhS9]

From ITC website. Download the consolidated Financial Statement for March 2020.

You can download directly from NSE or BSE website from Stock’s announcement page.

[Pratheesh_Cheriyan]

I m holding ITC 190 put,what will be the option strike of 190 put on Monday? 190 -10.15=179.85?

[ShubhS9]

Yes.

There was also an example given above.

@mohitmehra

For instance, the strike price of Rs 200 call option will be reduced to Rs 189.85 (i.e. 200 - 10.15) on July 6th.

[Lucky_Bansal]

I have ITC FUTURE from last 3 months

Kya Mujhe dividend milega ??

Someone pls assist to reply
And also explain once more time
Thanking in advance

[mohitmehra]

@Lucky_Bansal

I have ITC FUTURE from last 3 months

Kya Mujhe dividend milega ??

Someone pls assist to reply
And also explain once more time
Thanking in advance

Nahi, dividend tabhi milta hai agar record date par shares aapke demat account mein ho. If you hold ITC futures, you won’t receive the declared dividend.

You can check the effect on your position by reading the below example:

@mohitmehra

Assume you buy one lot of ITC futures on July 5th at Rs 205. The closing price for the day is Rs 208. In this case, you have made Rs 3 marked-to-market profit. On July 6th, the base price will be reduced to Rs 197.85 (i.e. 208 - 10.15). If the closing price is Rs 198 on that day then you have made a Rs 0.15 marked-to-market profit.