INSUBCONTINENT EXCLUSIVE:
The newly-launched Nifty weekly options are fast gaining popularity among traders, who are shifting a portion of their bets from contracts
that expire every month to these shorter-term options.
The Nifty weekly contract expiring on Thursday has total put open interest of 1.50
crore shares while total call open interest is of 78 lakh shares, said analysts
have shifted, 15 per cent of volume is now happening in weekly options, out of total option volumes
In the monthly contract expiring on March 28, the highest call open interest is at 11500 followed by 11000 strike with open interest of
20.91 lakh and 19.05 lakh shares respectively while weekly contract expiring on March 7 has got highest call open interest at11100 strike
premium for its weekly for buyer while writing decay benefit for seller
monthly options) is commanding only 30-35 lakh shares
Before the weekly contracts were launched, the highest strike had open interest of 50-55 lakh shares
at ICICIdirect.
Gupta said he has not seen new participants coming since Nifty weekly options have been recently launched but shifting from
In Bank Nifty, monthly options were not highly liquid but when weekly Bank Nifty options started, it became highly liquid so that means
Nifty weekly options has total open interest of nine lakh shares
The highest put strike of 27000 in the monthly Bank Nifty futures expiring on March 28 has 3.7 lakh shares in open interest.
