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PAATH

Moneyness: strike kahan khada hai, bas itna.

Seedhi baat

batata hai ki underlying ke abhi ke level ke mukaable kahan hai. Level strike ke upar ho to call in the money hai. Dono lagbhag barabar hon to at the money hai. Level neeche ho to out of the money hai. Put mein yeh sab ulta hai. Yeh achhe ya bure option ki rating nahi hai. Yeh batata hai ki mein kitni hai aur kitna hissa aage ki chaal par tika hai. Bas itna.

Yeh kahan aata haiStep 3Options: Aap Kya Khareed Rahe Ho ke 9 steps mein se
Kya check karein4Is par bharosa karne se pehle
Aam galtiyan2Har ek ki wajah ke saath

Pehle yeh padho

2

Yeh kaise hota hai, kadam dar kadam

  1. Shuruaat

    Index X ke 3 calls ke strikes 19,800, 20,000 aur 20,200 hain. 2 hafte ki shuruaat mein index 19,880 par khulta hai. 19,800 call in the money hai. 20,000 call at the money ke paas hai. 20,200 call 320 points se out of the money hai.

  2. Aage kya hota hai

    Index dheere 20,120 tak badhta hai, phir 19,940 par lautta hai. Line strike paar kare to us strike ka naam badalta hai. 20,000 call beech ke samay in the money rehta hai, par aakhir mein out of the money hai. 20,200 strike kabhi paar nahi hota.

  3. Iska matlab — aur kya nahi

    Underlying aur 2 hafte wahi hain, par 3 anubhav alag hain. In-the-money call ke premium mein poore samay kuch intrinsic value rehti hai. Woh zero nahi hoti. Out-of-the-money call ka aisa tal nahi hai. Uska poora premium time value hai. Level kabhi 20,200 paar na kare to expiry par woh premium zero ho jaata hai. Isi farq ka naam moneyness hai. Sasta option sasta kyun hai, yeh uski wajah hai.

5 call strikes ke bars premium ko intrinsic value aur time value mein alag karte hain, spot 100 ke aas-paas.
  • Index level
  • Strike 19,800 · 19,800
  • Strike 20,000 · 20,000
  • Strike 20,200 · 20,200

Index 1 strike paar karta hai aur doosre tak nahi pahunchta. Wahi 3 calls badle bina unke naam badalte hain.

Chart ka data dekhein
Upar ke chart ke peeche ke numbers.
DinIndex level
119,880
219,910
319,945
419,990
520,035
620,070
720,105
820,120
920,085
1020,040
1120,010
1219,985
1319,960
1419,950
1519,940

Isse kya establish nahi hota

Strike paar hone par reading badalti hai. In-the-money naam tabhi tak sahi hai jab tak level strike ki us taraf rahe. Chart mein 20,000 call din 6 par in the money aur din 15 par out of the money hai. Aur kuch nahi badla. Poora naam isi crossing par nirbhar hai. Moneyness ko is pal ka varnan maanein. Option ki hamesha rehne waali baat maanna wahi galti hai jo chart dikhata hai.

Kya check karein

4

Abhi ka level strike ke upar, neeche ya barabar hai?

Put ke liye yeh poora kram palat jaata hai. Isliye 'ITM' sunte hi yeh poochna zaroori hai ki baat call ki ho rahi hai ya put ki.

Premium mein kitni intrinsic value hai aur kitna sirf time value hai?

Yeh naam abhi ki sthiti batate hain. Aage ka price nahi.

Aam galtiyan

2
  • Out of the money ko sasta, isliye behtar value maanna. Woh sasta hai kyunki expiry tak level strike paar na kare to uski value zero hai.

  • Call ki paribhasha put par laga dena. Put mein in aur out of the money ulte hain.

Khud ko check karo

Kisi call ko out of the money kaha. Is naam ka asal matlab kya hai?

  • Underlying abhi uske strike ke neeche hai.
  • Uski kuch value hone ki sambhaavna kam hai.
  • Woh sasta hai, isliye behtar value waala chunav hai.
Answer dikhao

A. Underlying abhi uske strike ke neeche hai.

Moneyness sirf is pal level aur strike ka rishta batata hai. Yeh probability ya rating nahi hai. Level strike paar karte hi wahi option naam badalta hai. Contract mein kuch nahi badla.

Aksar poochhe sawaal

3
Kya in-the-money option out-of-the-money se behtar hai?

Koi apne aap behtar nahi. Sthiti alag hai. In-the-money option mehnga hota hai. Uski intrinsic value tabhi khatam hoti hai jab level strike paar kare. Out-of-the-money option sasta hota hai. Expiry tak level strike paar na kare to uski value zero hai.

At the money ka theek matlab kya hai?

Strike aur abhi ka level barabar hon, ya uplabdh strikes mein jitne kareeb ho sakte hain. Exchange fixed antar par strikes deta hai. Isliye at-the-money strike level ke sabse paas ka listed strike hai. Zaroori nahi ki bilkul barabar ho.

Kya put mein bhi yahi naam aise lagte hain?

Ulte lagte hain. Level strike ke NEECHE ho to put in the money hai. Tab haq istemaal karne ki kuch value hogi.

Yeh kahan se aata hai. Chart padhne ka yeh tareeka aam taur par sikhaya jaata hai. Yeh kisi circular ka niyam nahi hai, isliye iske liye koi document nahi hai.

Iske baad yeh padho

Pichhla step: Option premium kis cheez ka bana hota hai?. Premium mein intrinsic value aur time ya uncertainty se judi value hoti hai. Sasta dikhta premium kam risk nahi hota.

Moneyness (ITM, ATM, OTM)

Moneyness describes where an option's strike sits relative to the current level of the underlying.

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Strike Price

The strike price is the level at which an option can be exercised.

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Option Premium

An option's price is its premium.

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Intrinsic Value

Intrinsic value is the part of an option's premium that would survive if the contract expired at this instant.

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