Options mein breakeven ke 2 alag sawaal hote hain.
Premium aur charges ke baad option trade kahan se paisa banana shuru karta hai.
Expiry par underlying kahan ho ki yeh position charges ke baad barabar rahe.
Breakeven aur charges
23,400 strike par ₹120.00 mein khareeda, yeh CALL charges ke baad 23,521.02 par barabar hai — akele premium se 1.02 points aur door.
Charges kahan jaate hain
- Brokerage (buy + sell order)₹40.00 · 60.76%
- Securities Transaction Tax (STT)₹11.80 · 17.92%
- Stamp duty₹0.23 · 0.35%
- Exchange transaction charge₹5.57 · 8.46%
- SEBI turnover fee₹0.02 · 0.03%
- GST (18%)₹8.21 · 12.47%
Is contract par poora round trip
- Brokerage (buy + sell order) · Flat per order × 2₹40.00
- Securities Transaction Tax (STT) · 0.15%₹11.80
- Stamp duty · 0.003%₹0.23
- Exchange transaction charge · ₹3552.99/crore₹5.57
- Investor Protection Fund (IPFT) · ₹0.01/crore₹0.00
- SEBI turnover fee · ₹10/crore₹0.02
- GST (18%) · 18%₹8.21
- Kul charges · opening order aur closing order₹65.83
- Charges ÷ quantity · kul ÷ 65 units₹1.01
- Woh underlying level jahan charges ke baad aap barabar aate ho23,521.02
Charges ke bina yeh 23,520 hota — kitaabi strike-plus-premium figure. Dono ke beech ka farak hi charges ki laagat hai, aur yeh upar ke numbers ka arithmetic hai, index kahan jaayega uspar koi raay nahi.
Expiry par payoff
Expiry par yeh contract kitne ka hota, alag-alag maane hue underlying levels par. Yeh premium, lot aur charges ka arithmetic hai — koi forecast nahi, aur in levels mein se koi ek doosre se zyada mumkin nahi hai.
CALL khareeda · expiry par net profit aur loss
Yeh trade kahan break even hota hai?
Break-even woh index level hai jahan result ₹0 hota hai, aur charges use thoda aur door karte hain.
- Charges ke baad
- Charges se pehle
Break-even poore paise tak safe side par round hota hai. Isliye wahan result ₹0 se thoda upar rehta hai.
- Premium diya ₹7,800.00
- Charges se pehle break-even 23,520
- Charges ke baad break-even 23,521.02
- Charges ₹65.83 (premium par ₹1.01)
23,521.02 par · Charges se pehle +₹66.30 · Charges ke baad +₹0.47
Horizontal axis: 22,230 se 24,570 tak maane hue underlying levels. Vertical axis: 65 units par net profit ya loss. Solid line upar itemise kiye gaye charges ke baad khinchi gayi hai — ₹65.83 ke round-trip charges, jahan option in the money khatam ho wahan flat maane gaye. Isliye woh zero ko charges-ke-baad wale breakeven 23,521.02 par kaatti hai, jabki dashed line — kitaabi sirf-premium wala version — 23,520 par kaatti hai. Dono ke beech ka farak hi charges ki laagat hai. Saadi grey vertical line strike hai, 23,400. Jahan option zero par khatam hota hai, wahan kuch becha nahi jaata, isliye sirf entry ke charges lagte hain. Woh flat leg, ₹7,827.11, expiry par zyada se zyada loss hai. Strike ke thoda paar line ₹38.72 neeche aati hai. Yeh band karne ke charges hain.
Dono payoff lines sirf charges jitni door hain, ₹65.83. Is scale par woh ek hi line jaisi dikhti hain.
Payoff ke numbers dikhao
| Expiry par underlying | Charges se pehle | Charges ke baad |
|---|---|---|
| 22,230 | -₹7,800.00 | -₹7,827.11 |
| 22,620 | -₹7,800.00 | -₹7,827.11 |
| 23,010 | -₹7,800.00 | -₹7,827.11 |
| 23,400 · strike | -₹7,800.00 | -₹7,827.11 |
| 23,520 · charges se pehle breakeven | ₹0.00 | -₹65.83 |
| 23,521.02 · charges ke baad breakeven | ₹66.30 | ₹0.47 |
| 23,790 | ₹17,550.00 | ₹17,484.17 |
| 24,180 | ₹42,900.00 | ₹42,834.17 |
| 24,570 | ₹68,250.00 | ₹68,184.17 |
Har file mein har rate ka source aur check date likhi hai. CSV 2 files mein aata hai, figures aur unke sources.
Link mein sirf yeh inputs hote hain. Saved inputs sirf is browser mein rehte hain, aur jab tak aap on na karein, band rehte hain.
Aage: is option ka premium kaise hilega? → Underlying, CALL ya PUT, strike aur aapka daala premium Market X-Ray: Option Premium mein observed premium ki tarah le jaata hai — model value se kabhi replace nahi hota.
Ek cheez badal kar dekho
Har button theek ek input badalta hai aur batata hai ki headline figure par kya asar hua. Reset use wapas kar deta hai.
Is total mein aapki type ki hui brokerage judi hai.
Pehla sawaal: expiry se pehle position band karne par kitna bacha. Woh premium ke farak se, dono order ke charges ghata kar nikalta hai. Doosra sawaal: expiry tak rakhne par kahan barabar hoga. Woh strike aur diye gaye premium se juda hai. Dono alag hisaab hain, aur ek ka jawab doosre ke sawaal ka jawab nahi hota. Calculator ka mode pehle padhiye.
Expiry se pehle: premium ka farak guna quantity, phir dono order ke charges ghata kar net. Underlying ke points seedhe use mat karo.
Expiry par: long call mein strike aur premium jud jaate hain, long put mein ghat jaate hain.
Charges dono taraf lagti hain, aur unhe cover karne ke liye thoda extra move chahiye.
Direction sahi hone ke baad bhi premium gir sakta hai. Time aur volatility alag se kaam karte hain.
Yeh calculator kya karta hai aur kya nahi
Yeh calculator kya karta hai
- Expiry breakeven tab: strike aur premium se woh bhaav nikaalta hai jahan expiry par na fayda hota hai na nuksan — charges ke saath, isliye jawab sirf strike aur premium jodne se alag aata hai.
- Expiry se pehle band karo tab: entry premium aur exit premium daalo, aur dekho gross premium P&L, opening aur closing order ke charges alag alag, net, aur woh exit premium jahan poora round trip theek zero par aata hai. Strike ki zaroorat nahi.
- Call aur put, khareeda ya becha — sab ke liye ek hi tarah kaam karta hai, aur har charge us trade date ke published rate se lagta hai.
Yeh kya nahi karta
- Yeh nahi batata ki option khareedna chahiye ya nahi.
- Expiry se pehle option ka bhaav kya hoga, yeh nahi batata — exit premium aap daalte ho. Waqt, volatility aur spread ka asar isme nahi hai.
- Exercise par lagne wala STT isme nahi hai. Dono tabs exchange par 2 orders ka hisaab hain. Expiry tak rakha in-the-money option alag tarah settle hota hai.
Method aur assumptions dekho
Method
- Charges se pehle: call breakeven = strike + premium. Put breakeven = strike − premium.
- Charges ke baad premium ki jagah woh exit premium aata hai jahan net result zero ho.
- Units = lots × lot size.
- Expiry se pehle close: entry aur exit premium ka farak × units, charges ghata kar.
- Expiry par sabse zyada loss ya bachat: option zero par khatam hota hai. Kuch becha ya waapas khareeda nahi jaata. Sirf entry ke charges lagte hain.
- In the money khatam hone wala option exchange settle karta hai. Tab uski in-the-money value par STT lagta hai. Yeh page use nahi jodta.
Yeh kya maan kar chalta hai
- Breakeven view mein position expiry tak rakhi maani gayi hai.
- Lot size us date ke published circular se aata hai, jab tak aap na badlo.
- Charges trade date par lagu options rates se lagte hain.
Sources, effective dates aur exclusions
- Calculation ki date
- aaj
Rates aur lot size form ki trade date ke hisaab se lagte hain.
Source: Finance Act (for STT) and the NSE/BSE transaction-charge circulars Source ka naam English mein hai.
- Rules kab se lagu
- 1 Apr 2026
- Source kab publish hua
- listed nahi
- Aakhri review
- 5 Oct 2026
Source: NSE and BSE index derivative contract-size circulars Source ka naam English mein hai.
- Rules kab se lagu
- 28 Oct 2025
- Source kab publish hua
- 3 Oct 2025
- Aakhri review
- 5 Oct 2026
Shaamil nahi
- Live market prices. Yahan har price aap khud type karte ho.
- Option exercise hone par lagne wala STT.
Isse kya badal sakta hai?
- Trade ki date. Option ki sale par STT aur exchange transaction charge dono is saal badle. Date tay karti hai kaunsa rate lagta hai.
- Khareeda ya becha. Long ko charges wapas kamane hote hain. Short ko credit ka itna hissa bachana hota hai ki charges cover ho — aur uska koi breakeven na bhi ho sakta hai.
- Lot size. Instrument aur date ke liye published table se aata hai. Override karne se quantity aur uske saath har charge badalta hai.
- Position kaise khatam hoti hai. Exchange par band karna 2 orders hai. Expiry tak rakha in-the-money option exercise ya assign hota hai. Uska charge alag hota hai aur yahan model nahi hai.
PEHLA SAWAAL
Expiry se pehle band karne par
Long option ka gross result seedha hai: jis par becha, usme se jis premium par kharida tha woh ghatao, aur total quantity se guna kar do.
100 rupaye premium par kharida aur 112 par becha. Quote ka farak 12 rupaye hai. Quantity 50 ho, toh gross 600. Round-trip costs 120 ho, toh net 480. Contract ke liye current alag se check karein.
DOOSRA SAWAAL
Expiry tak rakhne par barabar kahan hoga
Costs ke bina long call ka , aur diye gaye premium ka jod hai. Long put mein strike se premium ghataaya jaata hai.
Yeh 2 formulas yaad rakhne layak hain, lekin unse zyada zaroori yeh samajhna hai ki woh expiry ka sawaal answer karte hain. Agar aap position pehle hi band kar rahe ho, toh yeh number aapke result ke baare mein kuch nahi keh raha.
CHARGES
Charges jodne par kya badalta hai
Long option mein costs recover karne ke liye thoda aur favourable move chahiye. Simple model mein total cost ko quantity se baant kar long call ke threshold mein joda ja sakta hai, aur long put ke threshold me se ghataya ja sakta hai.
Short side par yeh adjustment aankh band karke mat lagaiye. Short positions ka payoff, aur risk alag hain, aur premium receive karna maximum loss ki koi limit nahi banata.
SABSE POOCHHA JAANE WALA
Direction sahi thi, phir bhi loss kyun
Expiry se pehle premium sirf direction se nahi chalta. Bacha hua time, market ki expected volatility, strike ka underlying se rishta, aur — sab saath mein kaam karte hain.
Isi wajah se 2 cheezein possible hain jo pehli baar mein ulti lagti hain: expiry breakeven cross na hone par bhi premium trade profit de sakta hai, aur soch wali direction aane ke baad bhi loss ho sakta hai.
EXPIRY
Har contract ko ek jaisa mat maano
Exercise, delivery aur settlement ke rules contract ke hisaab se alag hote hain, aur broker ki apni policies bhi lagti hain. Expiry ka payoff chart funding ya operational requirement nahi dikhata.
Material decision se pehle relevant contract specification aur apne broker ke rules dekh lijiye.
Yeh figure aksar kaise galat padha jaata hai
- Expiry breakeven ko jaldi band ki gayi position ka barabar-point samajh lena. Expiry se pehle market jo premium deta hai wahi trade settle karta hai. Close before expiry tab wahi price karta hai. Expiry tab settlement price karta hai.
- Strike mein premium jod kar ruk jaana. Charges dono orders par lagte hain. Isliye charges ke baad ka breakeven strike se utna door hota hai jitna akela premium nahi le jaata.
- Maan lena ki published lot size revision se pehle khule contract par bhi lagta hai. Khula contract apna jaari hua lot rakhta hai. Aapka typed figure table se alag ho to calculator warn karta hai, aur typed figure hi price karta hai.
ISKE BAAD KYA
SAWAAL JAWAB
Aksar poochhe jaane wale sawaal
Lot size is the number of units of the underlying that one derivatives contract stands for.
Aage padhoExpiry day is the last day on which a derivative contract can be traded.
Aage padhoBreakeven is the point at which a defined result is exactly zero.
Aage padhoThe strike price is the level at which an option can be exercised.
Aage padhoMargin is the money a participant must keep in place to carry a leveraged position.
Aage padhoLiquidity describes how easily a given quantity can be traded.
Aage padhoDerivatives se cash market: trade settle kab hota hai
Ab derivatives chhod kar cash market: equity trade ka indicative settlement din kaun sa hai. Calculator trade date se aage settlement ke din ginta hai, holidays aur published clearing exceptions ke saath. Contract apne cycle par settle hota hai.