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Lot Sizes and Strikes for 9 New F&O Contracts
Last Updated: 9th December 2022 - 12:16 pm
On 31st December, 9 new stocks were added to the F&O trading eligible list. As on 30th December, a total of 3 indices and 188 stocks were allowed to be traded in the futures and options segment. With the addition of these 9 stocks on 31st December, the total number of eligible stocks in F&O goes up to 197, while 3 indices will continue to trade on F&O.
List of stocks added to the F&O list on 31st December
Given below are the 9 stocks added to F&O on 31-December with indicative lot values based on the announced lot sizes.
Company Name |
NSE Code |
Lot Size |
Indicative Lot Value # |
Quantity Freeze |
Aditya Birla Capital Ltd. |
ABCAPITAL |
4,400 |
Rs.532,400 |
176,000 (40 lots) |
Balrampur Chini Mills Ltd |
BALRAMCHIN |
1,600 |
Rs.578,800 |
64,000 (40 lots) |
Gujarat Narmada Valley Fertilizers |
GNFC |
1,300 |
Rs.568,360 |
52,000 (40 lots) |
Hindustan Copper Ltd |
HINDCOPPER |
4,300 |
Rs.527,395 |
172,000 (40 lots) |
Honeywell Automation Ind |
HONAUT |
15 |
Rs.615,795 |
600 (40 lots) |
IDFC Limited |
IDFC |
10,000 |
Rs.557,000 |
400,000 (40 lots) |
NBCC (India) limited |
NBCC |
12,000 |
Rs.552,600 |
480,000 (40 lots) |
Rain Industries Limited |
RAIN |
2,500 |
Rs.582,375 |
100,000 (40 lots) |
Tata Communications Ltd |
TATACOMM |
400 |
Rs.558,940 |
16,000 (40 lots) |
Data Source: NSE (# Closing prices of 30-Dec are considered)
Actually, there were 10 stocks that were to be added to the F&O trading list on 31st December. However, on 29-December, the NSE issued a circular cancelling the inclusion of Supreme Industries from the F&O list as it had not met one of the required criteria for inclusion in the list of F&O eligible stocks.
Option Strike price details for 9 stock additions
Given below are the 9 stocks added to F&O on 31-December with strike price model, step value and leeway for additional strike prices
Company Name |
NSE Code |
Step Value |
ITM / ATM / OTM Strikes |
Extra strikes intraday leeway |
Aditya Birla Capital Ltd. |
ABCAPITAL |
2.50 |
10-1-10 |
10 |
Balrampur Chini Mills Ltd |
BALRAMCHIN |
5.00 |
15-1-15 |
15 |
Gujarat Narmada Valley Fertilizers |
GNFC |
10.00 |
9-1-9 |
9 |
Hindustan Copper Ltd |
HINDCOPPER |
2.50 |
10-1-10 |
10 |
Honeywell Automation Ind |
HONAUT |
500.00 |
17-1-17 |
17 |
IDFC Limited |
IDFC |
1.00 |
12-1-12 |
12 |
NBCC (India) limited |
NBCC |
1.00 |
10-1-10 |
10 |
Rain Industries Limited |
RAIN |
5.00 |
10-1-10 |
10 |
Tata Communications Ltd |
TATACOMM |
20.00 |
14-1-14 |
14 |
Data Source: NSE
The above strikes shall all be active with effect from 31-December. The strike refer to the combination of in-the-money, at-the-money and Out-of-the-money strikes. In the money strikes are the strikes that can be exercised profitably by the buyer of the options.
Check :- Two Additions to the F&O list from Jan-22 Contracts
Did F&O inclusion impact stock prices on the first day?
While 1-day returns may not be conclusive, they are at least indicative of the impact that F&O inclusion had on the price of the stock.
Company Name |
NSE Code |
Lot Size |
Closing Price on 31-Dec |
Returns over 30-Dec close |
Aditya Birla Capital Ltd. |
ABCAPITAL |
4,400 |
Rs.123.70 |
+2.23% |
Balrampur Chini Mills Ltd |
BALRAMCHIN |
1,600 |
Rs.369.00 |
+2.00% |
Gujarat Narmada Valley Fertilizers |
GNFC |
1,300 |
Rs.440.00 |
+0.64% |
Hindustan Copper Ltd |
HINDCOPPER |
4,300 |
Rs.124.40 |
+1.43% |
Honeywell Automation Ind |
HONAUT |
15 |
Rs.41,970.00 |
+2.23% |
IDFC Limited |
IDFC |
10,000 |
Rs.63.20 |
+13.46% |
NBCC (India) limited |
NBCC |
12,000 |
Rs.45.95 |
-0.22% |
Rain Industries Limited |
RAIN |
2,500 |
Rs.239.70 |
+2.90% |
Tata Communications Ltd |
TATACOMM |
400 |
Rs.1,464 |
+4.77% |
Data Source: NSE
If you look at the daily returns on the 9 stocks added to F&O on 31-December, the returns on all the stocks except NBCC India have been positive. While the returns on most stocks were in the range of 1-3%, two stocks stood out. IDFC Ltd rallied by +13.46% while Tata Communications rallied +4.77%.
However, in both these stocks there were specific stories too. IDFC gained from its proposed merger with IDFC First Bank, while Tata Communications gained from the telecom sector outlook upgrade by ICRA. However, it has been observed that addition in F&O has deepened liquidity in the stock and that should be visible in the next few days of trading.
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