Why OTM call is more than ITM put

Example : Bank Nifty spot Rs. 15980. SP-16000 Call is approx. Rs. 50 more than 16000 Put which should be other way

This can be attributed to one of the properties of  'Options pricing' called the 'Put Call Parity'.

By definition, the price of Put Option  is as follows :

Put Premium = Call Premium - Spot Price + Present Value of Strike 

Hence, as you can see, the put premium (of the same strike, same expiry) will always be lesser than the call premium....at least theoretically :)

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