NSE has announced the introduction of weekly contracts on the NIFTY IT index. Here are the contract specifications.
|Expiry date||Every Thursday of the week. In case the Thursday is a trading holiday, the previous trading day shall be the expiry/last trading day. All contracts shall expire at the normal market closing time on the expiry day or such other time as decided by Exchange.|
|Contract cycle||7 weekly expiry contracts excluding the expiry week of monthly contract. New serial weekly options contract shall be introduced after expiry of the respective week’s contract.|
|Strikes Price Interval||6-1-6 strikes (In the money -At the money -Out of the money) with 100 point interval.|
Note: All other contract specifications shall be in line with the monthly expiring NIFTYIT option contracts.
These contracts will commence trading from March 11th, 2019