Yeh kaise hota hai, kadam dar kadam
Shuruaat
Index X 20,000 par hai. 20,400 strike ka call ₹22 par trade karta hai. Strike 400 points door hai. 8 sessions bache hain. Delta kam hai. Zyada premium abhi tak na hue move ke chance ki keemat hai.
Aage kya hota hai
Agle 8 sessions mein index 180 points badhkar 20,180 hota hai. Move hua, tika aur pehle se sahi andaaza laga tha. Premium ₹22 se ₹34 hota hai.
Iska matlab — aur kya nahi
Index 180 points chadha. Option ₹12 chadha. Yeh delta hai. Premium ne move ka 0.1 se bhi kam hissa liya. 400 points door strike ke intrinsic value ke saath khatam hone ka chance ab bhi kam tha. Option apne niyam ke hisaab se chala. Holder ki direction sahi thi, phir bhi fayda kam mila. 'Mera option nahi hila' sawaal ke peeche yahi ganit hoti hai. Underlying chadhne par bhi khareeda call 3 wajah se loss de sakta hai. Delta pehli wajah hai. Woh chhota move samjhata hai. Doosri waqt hai. Bache sessions ke liye diya hissa har din ghatta hai, level hile ya na hile. /learn/options-theta-expiry-trap ise samjhata hai. Teesri implied volatility hai. Market ko underlying ke kam hilne ki ummeed ho, toh premium ghatta hai, sahi direction ke bawajood. /learn/implied-volatility-crush-after-event ise samjhata hai. Sabhi 3 saath kaam karte hain. Kul nateeja negative bhi ho sakta hai. Alag misaal mein ₹80 ka call khareeda. Underlying ₹20 chadha. Delta ne ₹10 jode. Delta ki badhti tezi ne ₹2 aur jode. Implied volatility ghatne se ₹10 gaye. 3 sessions ke waqt se ₹3 gaye. Premium ₹79 par bacha. Sahi direction ke baad bhi shuruaat se ₹1 kam.
- Index level
- Option ka premium (₹)
- Strike 20,400 · 20,400
Index 180 points chadhta hai. 400 points door strike ka premium ₹12 chadhta hai. Dono lines badhti hain. Dono 1 jitna nahi badhti.
Chart ka data dekhein
| Din | Index level | Option ka premium (₹) |
|---|---|---|
| 1 | 20,000 | ₹22 |
| 2 | 20,025 | ₹23 |
| 3 | 20,055 | ₹24 |
| 4 | 20,080 | ₹25 |
| 5 | 20,105 | ₹27 |
| 6 | 20,130 | ₹29 |
| 7 | 20,160 | ₹32 |
| 8 | 20,180 | ₹34 |
Isse kya establish nahi hota
Level strike ke paas aaye, toh low-delta vyakhya lagu nahi rehti. Option money ke paas aaye, toh delta badhta hai. Isliye upar ke move ka aakhri hissa pehle se zyada premium jodta hai. Doorii jaanchni hai, direction nahi. 'Underlying chadhega' sochkar li gayi holding mein doosri dhaarna chhipi hai. Move itna bada aur itni jaldi hoga ki strike aa jaaye. Strike woh level hai jahan is doosri dhaarna ki jaanch hoti hai.
Kya check karein
6Strike maujooda level se kitne points door hai?
Yeh strike move ka lagbhag kitna hissa lega?
Kya socha hua move diye premium ko poora karega, sirf sahi direction mein nahi jaayega?
Underlying chadha aur premium gira, toh 3 mein se kaunsi wajah hai? Door strike, beete sessions ya hilne ka ghatta anumaan?
Screen ka number best bid aur offer ke beech mid-price hai ya seller ko milne wali bid?
Premium ka badlav samjhaate waqt delta, waqt aur implied volatility saath dekhein.
Aam galtiyan
4Sahi direction ke andaaze se move ke hisaab mein fayda milega, aisa maan lena. Strike tay karti hai ki kitna hissa milega.
sabse sasta strike chunna aur sabse kam delta chunna ek hi baat hai, 2 alag tareekon se kahi gayi.
Har kamzor premium ko delta ki galti kehna. Waqt beetna aur implied volatility ghatna apne aap bhi nuksaan karte hain. Sirf delta dekhne se 3 mein se 1 wajah samajh aati hai.
Screen ke number ko bechne ki price samajhna. Mid-price best bid aur offer ke beech hai. Turant bechne wale ko bid milti hai.
- Premium ko index ke saath chalna chahiye tha. Quote purana hai.
- Kuch nahi. Door strike move ka chhota hissa leti hai.
- Holding ne iski jagah time decay se value kho di
Answer dikhao
B. Kuch nahi. Door strike move ka chhota hissa leti hai.
Delta underlying ke move ka premium mein aane wala hissa hai. Itni door strike ka delta kam hai. Direction sahi thi, phir bhi ganit ne bahut kam diya. Yeh uska tareeka hai, kharaabi nahi.
Aksar poochhe sawaal
5At-the-money option ka aam delta kitna hota hai?
Lagbhag 0.5. Is strike par intrinsic value ke saath aur bina uske khatam hone ka chance lagbhag barabar hai. Isliye premium underlying ke move ka lagbhag 0.5 hissa leta hai.
Kya delta wohi rehta hai?
Nahi. Underlying hilne aur expiry paas aane par badalta hai. Delta ke badalne ki dar gamma hai. Door strike ka delta kam hota hai. Level paas aaye, toh badhta hai.
Door strike sasti kyon hai?
Uske intrinsic value ke saath khatam hone ka chance kam hai. Kam price aur move par chhota badlav usi baat ke 2 nazariye hain.
Index chadha, phir bhi mere call mein loss hua. Kaunsi 3 baatein jaanchein?
Pehle delta: strike level se kitni door hai. Yeh page wahi samjhata hai. Phir time value. Bache sessions ke liye diya hissa har din ghatta hai. /learn/options-theta-expiry-trap ise samjhata hai. Phir implied volatility. Underlying ke hilne ka market anumaan ghate, toh premium bhi ghatta hai. /learn/implied-volatility-crush-after-event ise samjhata hai. Sabhi 3 saath kaam kar sakte hain. Milkar sahi direction ka poora fayda mita sakte hain.
Screen par dikhte premium par kyon nahi bech sakta?
Screen aksar mid-price dikhati hai. Yeh best bid aur offer ka beech hai. Kisi ko wahin trade karna zaroori nahi. Misaal mein holder ₹80 par khareedta hai. Baad mein screen ₹81 dikhati hai. Bid ₹79.50 aur offer ₹82.50 hai. Turant bechne par ₹79.50 milenge. Yeh khareed se ₹0.50 kam hai. Screen par ₹1 ka fayda dikh raha tha. 50 units par charges se pehle ₹25 ka loss hai.