Expiry day: uske baad contract rehta hi nahi.
Doosre naam: expiry, expiry day, F&O expiry, settlement day, last trading day.
Ise kaise padhein
Har derivative contract ki ek expiry hoti hai. Us din ke baad woh contract trade nahi hota. Uska hisaab settlement value se hota hai aur position band ho jaati hai.
Index options mein settlement cash mein hota hai — antar ki rakam aati-jaati hai, koi share transfer nahi hota. Stock derivatives ka tareeka isse alag ho sakta hai.
Yeh kya nahi batata
Expiry ka schedule exchange tay karta hai, aur usme ek se zyada baar badlav ho chuka hai. Weekly contracts kis din expire hote hain, woh bhi badla hai.
Isliye yaad kiya hua niyam bharosemand nahi hai. Har baar current exchange circular ya market calendar se jaanchna hi sahi tareeka hai.
Experiment mein dekho
Expiry — Expiry ke din ka premium aur settle hui value padho. Strike par call aur put ke liye kya bacha, dekho, phir charges ke baad ka result padho.
Jude hue concepts
Theta: kuch na hone par bhi kuch ghat raha hota hai.
Premium ka time value wala hissa expiry paas aane par ghatta hai. Underlying sthir rahe toh woh chupchaap bahta rehta hai.
Lesson kholo