Yeh kaise hota hai, kadam dar kadam
Shuruaat
Contract Z ₹1,000 par 100 units ke liye khareeda gaya. Neeche chart ise long side kehta hai. Contract Z ki apni quantity hai. NIFTY aur BANKNIFTY ki quantity contract series par nirbhar hai. Lot size 1 contract ki units ki ginti hai. Maujooda quantity traded series ki exchange specification se milti hai. Entry par trade ki value ₹1,00,000 hai. Broker ₹15,000 margin rokta hai. Yeh bhi misaal hai. Saath usi underlying ka khareeda call hai. Underlying woh share ya index hai jispar contract bana hai. Call ka strike ₹1,000 hai. Strike woh price hai jispar haq istemaal kar sakte hain. Premium ₹30 hai. Wahi 100 units ke liye ₹3,000 hai.
Aage kya hota hai
Expiry par settlement value dekhein. ₹1,020 par futures mein ₹2,000 ka faayda hai. Call ki value ₹20 hai. ₹1,020 ki settlement value par ₹1,000 mein khareedne ka haq ₹20 ke antar jitna hai. ₹20 paane ke liye ₹30 diye the. Isliye 100 units par call mein ₹1,000 ka nuksaan hai. ₹900 par futures mein ₹10,000 ka nuksaan hai. Call ke diye ₹3,000 khatam hue, usse zyada nahi. Dono chart lines kisi settlement value par nahi milti. Yeh ek hi risk ke 2 prices nahi hain.
Iska matlab — aur kya nahi
Chart mein 2 rakam ke bajaay 2 aakaar padhein. Futures ki line seedhi hai aur zero se guzarti hai. Zimmedaari dono dishaon mein utni hi door jaati hai. Roka hua ₹15,000 margin line par nahi aata. Margin contract nibhaane ke liye jama rakam hai. Khilaaf chaal ka hisaab hote samay cash mein settle hota hai. Entry par roki rakam se zyada bhi maang sakte hain. Call ki line mudti hai. Strike ke neeche minus ₹3,000 par seedhi hoti hai, kyunki haq istemaal nahi hua. Strike ke upar futures line ke saath badhti hai. Par hamesha ₹3,000 neeche hai, kyunki premium pehle hi diya. Buyer premium dekar yahi mod khareedta hai. Yeh muft nahi milta. Premium ke hisse aur strike se uski jagah agle 2 sabak hain: /learn/option-premium-intrinsic-and-time-value aur /learn/moneyness-itm-atm-otm. Mod ki keemat vasool hone ke liye underlying kitna chale, yeh /learn/options-breakeven-the-move-you-need mein hai.
- Long futures ka expiry par gross nateeja (₹)
- Kharidi ₹1,000 call ka expiry par gross nateeja (₹)
- Na fayda na nuksaan · 0
- Diya premium ₹3,000 · -3,000
Alag expiry settlement values par long futures aur khareeda ₹1,000 call. Dono 100 units ke hain. Futures line seedhi zero se guzarti hai. Call line diye premium par rukti hai. Strike ke upar futures ko kabhi nahi pakadti. Charges se pehle ka hisaab.
Chart ka data dekhein
| Expiry par settlement value (₹) | Long futures ka expiry par gross nateeja (₹) | Kharidi ₹1,000 call ka expiry par gross nateeja (₹) |
|---|---|---|
| 900 | -10,000 | -3,000 |
| 940 | -6,000 | -3,000 |
| 980 | -2,000 | -3,000 |
| 1000 | 0 | -3,000 |
| 1020 | 2,000 | -1,000 |
| 1030 | 3,000 | 0 |
| 1060 | 6,000 | 3,000 |
| 1080 | 8,000 | 5,000 |
| 1120 | 12,000 | 9,000 |
Isse kya establish nahi hota
Yahan reading 1 taraf zimmedaari aur doosri taraf haq hai. Iski khaas galti us jagah hoti hai jahan naye seekhne waalon ko aksar bhejte hain. Premium ko poore risk ka bayaan maanna. Yeh akela khareeda option ho, sirf option payoff par, charges se pehle sahi hai. SELLER ke liye galat hai. Seller ko premium se zyada nahi mil sakta. Par usse kitna dena pad sakta hai, premium nahi batata. Beche call ki zimmedaari par contract mein upar ki seema nahi hai. Isliye uspar futures jaisa margin lagta hai. Khareede option ki tarah sirf payment nahi. Shares mein settle hone waali tak khareeda contract rakhne par bhi reading adhoori hai. Haq istemaal karne se shares dene ya unki rakam chukaane ki zimmedaari banti hai. Premium unhe nahi batata. Futures rakhne waale aam taur par stop-loss ko contract price ke level se jodte hain. Contract apni nuksaan ki seema nahi deta. Stop-loss band karne ka iraada hai. Kis price par band hoga, iska vaada nahi.
Kya check karein
5Kiski baat ho rahi hai? Haq rakhne waale ki ya zimmedaari rakhne waale ki?
Diya number trade ki value hai, roka margin hai ya diya premium? Sabhi 3 alag sawaal ka jawaab hain.
Beche option mein underlying chalta rahe to kitna dena padega? Mila premium iska jawaab nahi hai.
Contract cash mein settle hota hai ya shares mein? Shares waala expiry par alag zimmedaari banaata hai.
Futures ki zimmedaari ko khareede option ke premium aur payoff se milaayein.
Aam galtiyan
4Roke margin ko sabse bura nuksaan maanna. Yeh contract nibhaane ki jama rakam hai. Risk trade ki value se juda hai. Khilaaf chaal cash mein settle hoti hai aur aur rakam maang sakti hai.
Sharton ke bina premium ko sabse zyada ho sakta nuksaan kehna. Shartein hain khareeda option, sirf option payoff, charges se pehle. Seller par yeh daawa lagu nahi hota.
Khareede call ko sasta futures maanna. Premium se mila haq khatam hota hai. Chaal aaye ya na aaye, premium diya ja chuka hai.
Sirf disha se dono ko milaana. Samay, utar-chadhaav aur settlement ka tareeka dono par ek jaisa asar nahi karte.
₹1,00,000 ke futures trade par ₹15,000 margin roka hai. ₹15,000 kya naapta hai?
- Trade ka sabse zyada ho sakta nuksaan.
- Contract mein entry ki keemat.
- Contract nibhaane ke liye jama rakam. Trade khula ho to aur rakam maang sakte hain.
Answer dikhao
C. Contract nibhaane ke liye jama rakam. Trade khula ho to aur rakam maang sakte hain.
Margin jama rakam hai. Price ya upar ki seema nahi. Risk trade ki value se juda hai. Khilaaf chaal hote samay cash mein settle hoti hai. Rakam entry par roke margin se aage ja sakti hai. Ise sabse bura nuksaan maanne se futures khareede option jaisa lagta hai. Dono alag hain.
Aksar poochhe sawaal
3Kya margin futures contract ka price hai?
Nahi. Price contract ka price hai. Use contract quantity se guna karein to trade ki value milti hai. Margin contract nibhaane ke liye jama rakam hai. ₹1,00,000 ke trade par roka ₹15,000 uski keemat ya nuksaan ki seema nahi hai. Trade khula ho to aur cash maang sakte hain.
Kya underlying badhne par call buyer ka faayda pakka hai?
Nahi. Barabari tak aane ke liye premium waapas kamaana hai. Disha ke saath samay aur utar-chadhaav bhi premium badalte hain. Kitni chaal chahiye, yeh /learn/options-breakeven-the-move-you-need mein hai. Intezaar mein kya ghatta hai, yeh /learn/options-theta-expiry-trap mein hai.
Kya 100 units aur ₹1,000 NIFTY ya BANKNIFTY ke maujooda aankde hain?
Nahi. Contract Z ki apni quantity hai. Yeh NIFTY ya BANKNIFTY ka current lot size nahi batata. Contract ki quantity traded series ki exchange specification se milti hai. Woh samay-samay par badalti hai. Isliye misaal se yaad rakhne ke bajaay use dekhein.