Monday, 7 April 2025
A NIFTY put bought at Friday’s close turned ₹122.65 into ₹743.95.
The call at the same went from ₹147.15 to ₹13.60.
Monday, 7 April 2025: NIFTY fell 742.85 points. The practice put changed from ₹122.65 to ₹743.95. Why?
What you will learn
- See how an index move changes a put and a call.
- Separate time passing from IV, the expected size of future moves.
- Compare the result before and after costs.
| premium | 4 Apr 2025 → 7 Apr 2025 | After charges |
|---|---|---|
| Put 22,900Expiry 9 Apr 2025 | ₹122.65 → ₹743.95₹9,198.75 → ₹55,796.25 | +₹46,439.01 gainCharges ₹158.49 |
| Call 22,900Expiry 9 Apr 2025 | ₹147.15 → ₹13.60₹11,036.25 → ₹1,020.00 | −₹10,070.37 lossCharges ₹54.12 |
Monday, 7 April 2025 · NIFTY
Official close · 15:30 · NIFTY 22,161.60
- Official close
- NIFTY 22,161.60
- Put
- ₹743.95P&L so far +₹46,597.50
- Call
- ₹13.60P&L so far −₹10,016.25
Between the two closes, each premium is worked out from that minute’s NIFTY. P&L is for 1 lot, before charges.
Read the prices
| Time | Open | High | Low | Close |
|---|---|---|---|---|
| 4 Apr 2025 · Previous close | — | — | — | 22,904.45 |
| 09:15 | 21,758.40 | 22,102.95 | 21,743.65 | 21,888.35 |
| 09:20 | 21,890.10 | 22,080.30 | 21,867.35 | 22,030.80 |
| 09:25 | 22,035.25 | 22,077.70 | 22,011.45 | 22,041.85 |
| 09:30 | 22,042.35 | 22,190.00 | 22,038.35 | 22,141.75 |
| 09:35 | 22,141.05 | 22,148.15 | 22,033.45 | 22,036.05 |
| 09:40 | 22,037.10 | 22,054.35 | 21,977.05 | 22,021.70 |
| 09:45 | 22,023.35 | 22,037.05 | 21,959.75 | 22,022.70 |
| 09:50 | 22,019.75 | 22,050.65 | 21,996.40 | 22,019.55 |
| 09:55 | 22,018.95 | 22,033.40 | 21,960.70 | 21,963.25 |
| 10:00 | 21,960.55 | 22,011.05 | 21,960.30 | 21,984.10 |
| 10:05 | 21,985.20 | 22,000.85 | 21,956.05 | 21,982.95 |
| 10:10 | 21,983.85 | 21,989.50 | 21,911.05 | 21,918.15 |
| 10:15 | 21,916.00 | 21,938.35 | 21,898.30 | 21,922.00 |
| 10:20 | 21,921.90 | 21,960.85 | 21,921.90 | 21,945.30 |
| 10:25 | 21,946.10 | 22,005.65 | 21,923.35 | 22,005.15 |
| 10:30 | 22,004.40 | 22,008.90 | 21,954.10 | 21,960.95 |
| 10:35 | 21,960.65 | 21,969.20 | 21,935.75 | 21,959.90 |
| 10:40 | 21,959.65 | 22,021.65 | 21,950.90 | 22,007.55 |
| 10:45 | 22,009.20 | 22,042.55 | 21,976.40 | 22,042.15 |
| 10:50 | 22,040.70 | 22,082.70 | 22,014.60 | 22,026.25 |
| 10:55 | 22,025.30 | 22,032.10 | 21,981.05 | 21,983.65 |
| 11:00 | 21,980.25 | 22,015.90 | 21,980.25 | 21,989.15 |
| 11:05 | 21,989.00 | 22,015.70 | 21,984.80 | 22,005.60 |
| 11:10 | 22,007.65 | 22,014.85 | 21,981.30 | 21,986.30 |
| 11:15 | 21,985.80 | 22,006.00 | 21,966.25 | 21,979.45 |
| 11:20 | 21,979.05 | 21,984.55 | 21,949.30 | 21,954.60 |
| 11:25 | 21,954.90 | 22,009.40 | 21,952.15 | 22,009.10 |
| 11:30 | 22,006.85 | 22,033.10 | 22,004.20 | 22,027.40 |
| 11:35 | 22,028.00 | 22,069.50 | 22,025.85 | 22,032.70 |
| 11:40 | 22,033.25 | 22,034.50 | 21,987.05 | 22,002.05 |
| 11:45 | 22,001.30 | 22,004.50 | 21,977.55 | 22,003.35 |
| 11:50 | 22,003.45 | 22,004.85 | 21,979.80 | 21,985.40 |
| 11:55 | 21,986.50 | 21,987.35 | 21,948.85 | 21,965.20 |
| 12:00 | 21,965.40 | 21,967.70 | 21,938.10 | 21,938.10 |
| 12:05 | 21,938.55 | 21,946.75 | 21,911.40 | 21,927.70 |
| 12:10 | 21,928.05 | 21,935.00 | 21,886.15 | 21,890.95 |
| 12:15 | 21,890.15 | 21,896.95 | 21,856.00 | 21,863.35 |
| 12:20 | 21,864.45 | 21,883.75 | 21,850.35 | 21,850.35 |
| 12:25 | 21,848.55 | 21,879.70 | 21,839.40 | 21,846.15 |
| 12:30 | 21,846.20 | 21,863.20 | 21,796.90 | 21,816.90 |
| 12:35 | 21,816.30 | 21,872.55 | 21,812.85 | 21,866.25 |
| 12:40 | 21,865.70 | 21,898.90 | 21,857.00 | 21,896.10 |
| 12:45 | 21,894.75 | 21,943.25 | 21,894.75 | 21,927.75 |
| 12:50 | 21,927.60 | 21,934.35 | 21,879.10 | 21,889.85 |
| 12:55 | 21,886.50 | 21,894.85 | 21,859.90 | 21,865.25 |
| 13:00 | 21,865.75 | 21,879.25 | 21,846.45 | 21,847.35 |
| 13:05 | 21,847.25 | 21,880.50 | 21,841.85 | 21,879.85 |
| 13:10 | 21,879.70 | 21,886.85 | 21,841.65 | 21,859.65 |
| 13:15 | 21,860.85 | 21,862.30 | 21,821.80 | 21,825.75 |
| 13:20 | 21,825.20 | 21,883.35 | 21,814.35 | 21,875.00 |
| 13:25 | 21,875.30 | 21,918.85 | 21,872.95 | 21,898.10 |
| 13:30 | 21,898.05 | 21,953.65 | 21,885.20 | 21,935.55 |
| 13:35 | 21,935.55 | 21,963.65 | 21,934.15 | 21,950.60 |
| 13:40 | 21,950.40 | 21,991.20 | 21,939.35 | 21,977.80 |
| 13:45 | 21,978.75 | 22,037.80 | 21,968.80 | 21,974.70 |
| 13:50 | 21,973.30 | 21,994.05 | 21,967.30 | 21,990.75 |
| 13:55 | 21,990.65 | 21,999.50 | 21,965.25 | 21,985.00 |
| 14:00 | 21,984.50 | 22,009.40 | 21,964.85 | 22,007.55 |
| 14:05 | 22,006.85 | 22,033.30 | 22,005.20 | 22,019.70 |
| 14:10 | 22,019.20 | 22,020.75 | 21,981.50 | 21,997.70 |
| 14:15 | 21,998.90 | 22,018.05 | 21,973.40 | 22,014.95 |
| 14:20 | 22,011.45 | 22,036.55 | 21,991.70 | 22,020.25 |
| 14:25 | 22,019.10 | 22,032.80 | 22,009.70 | 22,020.55 |
| 14:30 | 22,020.15 | 22,080.85 | 22,006.70 | 22,044.65 |
| 14:35 | 22,044.45 | 22,048.85 | 22,010.10 | 22,017.65 |
| 14:40 | 22,015.65 | 22,021.65 | 21,996.50 | 22,000.20 |
| 14:45 | 22,001.25 | 22,026.40 | 22,001.25 | 22,016.45 |
| 14:50 | 22,015.75 | 22,034.75 | 22,008.10 | 22,022.90 |
| 14:55 | 22,023.35 | 22,070.95 | 22,023.35 | 22,046.50 |
| 15:00 | 22,046.20 | 22,125.60 | 22,040.90 | 22,109.60 |
| 15:05 | 22,108.05 | 22,188.50 | 22,095.45 | 22,184.90 |
| 15:10 | 22,184.10 | 22,210.85 | 22,142.80 | 22,184.65 |
| 15:15 | 22,184.30 | 22,188.80 | 22,134.65 | 22,173.55 |
| 15:20 | 22,172.45 | 22,244.80 | 22,154.15 | 22,244.80 |
| 15:25 | 22,244.10 | 22,254.00 | 22,221.65 | 22,238.00 |
| Official close | — | — | — | 22,161.60 |
On this day 1 was 75. It is 65 now. Charges use the rates as at 18 Oct 2026.
How the money is worked out × lot size = the money for 1 lot. Money received − money paid − charges = the result.
- Put 22,900: ₹122.65 × 75 = ₹9,198.75 paid. ₹743.95 × 75 = ₹55,796.25 received. ₹55,796.25 − ₹9,198.75 − ₹158.49 charges = +₹46,439.01 gain.
- Call 22,900: ₹147.15 × 75 = ₹11,036.25 paid. ₹13.60 × 75 = ₹1,020.00 received. ₹1,020.00 − ₹11,036.25 − ₹54.12 charges = −₹10,070.37 loss.
Cost details
Each charge in rupees. Together they make the Charges total above.
Put 22,900 · Charges ₹158.49
- Brokerage
- ₹40.00
- STT
- ₹83.69
- Exchange transaction charge
- ₹23.09
- SEBI fee
- ₹0.06
- Stamp duty
- ₹0.28
- GST
- ₹11.37
- Total charges
- ₹158.49
Your broker’s fee. We use ₹20.00 for each order. This trade has 2 orders.
. The government takes this tax on the sell order.
The stock exchange takes this fee on each trade.
SEBI watches over the market. This is its tiny fee.
A government tax on the buy order.
Goods and Services Tax. It is charged on the brokerage and the fees.
Call 22,900 · Charges ₹54.12
- Brokerage
- ₹40.00
- STT
- ₹1.53
- Exchange transaction charge
- ₹4.28
- SEBI fee
- ₹0.01
- Stamp duty
- ₹0.33
- GST
- ₹7.97
- Total charges
- ₹54.12
Your broker’s fee. We use ₹20.00 for each order. This trade has 2 orders.
Securities Transaction Tax. The government takes this tax on the sell order.
The stock exchange takes this fee on each trade.
SEBI watches over the market. This is its tiny fee.
A government tax on the buy order.
Goods and Services Tax. It is charged on the brokerage and the fees.
What moved them
NIFTY 22,904.45 → 22,161.60 · India VIX 13.76 → 22.79
Estimated price split
is the size of move suggested by the option’s price. India VIX is a separate number.
Price change before charges
Put
- NIFTY’s move
- +₹43,098.41 gain
- Time passed
- −₹3,427.76 loss
- IV’s move
- +₹6,926.86 gain
- Remaining difference
- −₹0.01 loss
Call
- NIFTY’s move
- −₹12,611.40 loss
- Time passed
- −₹4,331.49 loss
- IV’s move
- +₹6,926.66 gain
- Remaining difference
- −₹0.02 loss
The model uses interest 7% and dividend 0.6%.
Every strategy that day
Long put
Bought the put
+₹46,439.01 gainLong call
Bought the call
−₹10,070.37 lossLong straddle
Bought both
+₹36,368.64 gainShort straddle
Sold both
−₹36,740.08 lossNIFTY fell. Which option rose at the close?
See the answer
The put changed by +₹621.30 gain. The call changed by −₹133.55 loss.
Questions on this
Recorded NIFTY minute prices · Monday, 7 April 2025
The official close has its own point. It differs from the last minute candle.