Hi,

I read this from NSE website,

" **Index Options**

The position limits of Trading members / FPIs (Category I & II) / Mutual Funds in equity index option contracts is higher of Rs.500 crores or 15% of the total open interest in the market in equity index option contracts. This limit would be applicable on open positions in all option contracts on a particular underlying index "

So lets say for Nifty 16 June expiry. The total OI for 17,000 call is 30 lakh. So does this mean that one trader cannot hold more then 15% of 30 lakh which is 4.5 lakh at any time ?? Can a trader hold 10 lakh out of 30 lakh total OI on â€śone particular strikeâ€ť??

or is this 15% limit for the combined OI for all the strikes on Nifty 50 index??