Starting April 4, 2025, all derivatives expiry days are changing from Thursday to Monday. NIFTY weekly contracts will now expire on Monday of each week instead of Thursday.
All monthly and quarterly contracts (NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY and stocks) will expire on the last Monday of the month instead of the last Thursday. Plan your trades accordingly.
If Monday is a trading holiday, the expiry will take place on Friday.
Update: NSE has discontinued the implementation of changing the expiry day to Monday after SEBI’s consultation paper on limiting expiries to Tuesday or Thursday
@Meher_Smaran
Does that mean that all contracts expiring on Apr 24th, May 28th etc will be expired on Apr 3rd ? and new contracts will be released on Apr 4th ?
@Meher_Smaran Please check your first post. The circular shall come into effect from April 4th 2025 i.e. Expiry day for all exisiting contracts will be revised to New Expiry Day on Apr 03 2025. Pls clarify
Can we complain to SEBI about this and get this rollback done? Lot of adjustments need to be done in our setup to align to this change. These guys are playing gully cricket where the person owning the bat decides the rules of the game.
Hi @Ddude , all existing contracts will have their expiry revised to the new Monday schedule starting April 3, 2025 (EOD). The expiry dates will be adjusted, but no contracts will expire early.
It is more about suppressing BSE’s rise in the F&O segment than anything else, I think.
But otherwise, it is a bad move… option writers will not like to hold their positions over the weekend, unless the premiums are still high on Friday. Combined with the ELM margin requirements and removed calendar benefits on expiry days, this will be a pain to manage on Friday/weekends
Also, no body is stopping BSE from now moving their expiry day to Thursday, which will be a masterstroke and will help BSE again.
But this circus of changing days will eventually be noticed by SEBI and they will come up with some rule to not keep on changing the days so frequently
This stupidity from NSE might spur even more action from SEBI. They might just direct every exchange to have expiry on the same day. We went from everyday expiry to 8 expiries per month and might further go down to 4 expiries per month. Just hate it.
FIIs are selling like there is no tomorrow, Retailers are crying. Just few weeks back with major changes with expiries, margin, and other stuff many are still trying to adjust to these changes and these fools at NSE want to do this. What’s gotten to them?
Let’s see if the new head of SEBI is any better and not like the previous one.
NSE (exchange) and SEBI (regulator) should be there to keep things moving and be simple with out issues and fraud. Here it looks different. Like fence eating the crops.
Because of SEBI rule change we are back to only one weekly expiry on Thursday (NSE), they also increased the margin and removed margin benefit on expiry days. These changes are not even 6 months before many traders are still adjusting to this and suddenly they change expiry to Monday. What was the need for this? What’s SEBI doing on this? When SEBI’s chief herself was accused of mal-practice they didn’t do anything at all. Also what are the changes or the rules for FII? If they are Investors why should they trade in F&O, should not they be only investing in stocks instead of F&O (hedging might be okay). What about High Frequency Trading, why should this be allowed and servers be co-located at NSE with the help of it’s chair-woman? Who can answer all this questions?
Apparently BSE was getting lot of volume because people would use BSE options from friday to tuesday.
I haven’t checked, just heard from an options trader who was guessing for reason.
If so, NSE is really greedy and taking a risk. Maybe they feel that eventually either all expiry will be on one day which is fine for them or they want to have the best distance so that people trade with NSE more.
SEBI probably needs to come up with something else these 2 will start playing merry go round.
IMO, NSE has made a bad decision to move expiry to Monday. Due to the 2 holidays (weekends), the gap up/down risks are higher and this may discourage traders from taking overnight positions.
I stopped doing that after the new ELM rules kicked in. After this move, I am retiring my thoughts too…
Can you explain? Why is volume dependant on days? I can understand if both NSE BSE had on same day (so volumes are split), but as long as different days, does it matter?
I don’t trade options, that’s what someone who trades options thought. I havent checked data.
One logic can be that once Nifty expires on thursday, nearest expiring contract is sensex. So people trade that on fri, mon, tues. So we can have 3+2 days and nse is greedy and wants more active days. So after tuesday, everyone trades nifty options.
This is the explanation, could be incorrect too but it seems to make sense.
If so, bse might shift to thursday or even better friday. What a circus.
