Tuesday, 4 June 2024
A NIFTY put bought at Monday’s close turned ₹171.45 into ₹1,362.50.
The call at the same went from ₹197.55 to ₹5.15.
Tuesday, 4 June 2024: NIFTY fell 1,379.40 points. The practice put changed from ₹171.45 to ₹1,362.50. 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 | 3 Jun 2024 → 4 Jun 2024 | After charges |
|---|---|---|
| Put 23,250Expiry 6 Jun 2024 | ₹171.45 → ₹1,362.50₹4,286.25 → ₹34,062.50 | +₹29,661.70 gainCharges ₹114.55 |
| Call 23,250Expiry 6 Jun 2024 | ₹197.55 → ₹5.15₹4,938.75 → ₹128.75 | −₹4,859.68 lossCharges ₹49.68 |
On this day 1 was 25. 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 23,250: ₹171.45 × 25 = ₹4,286.25 paid. ₹1,362.50 × 25 = ₹34,062.50 received. ₹34,062.50 − ₹4,286.25 − ₹114.55 charges = +₹29,661.70 gain.
- Call 23,250: ₹197.55 × 25 = ₹4,938.75 paid. ₹5.15 × 25 = ₹128.75 received. ₹128.75 − ₹4,938.75 − ₹49.68 charges = −₹4,859.68 loss.
Cost details
Each charge in rupees. Together they make the Charges total above.
Put 23,250 · Charges ₹114.55
- Brokerage
- ₹40.00
- STT
- ₹51.09
- Exchange transaction charge
- ₹13.63
- SEBI fee
- ₹0.04
- Stamp duty
- ₹0.13
- GST
- ₹9.66
- Total charges
- ₹114.55
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 23,250 · Charges ₹49.68
- Brokerage
- ₹40.00
- STT
- ₹0.19
- Exchange transaction charge
- ₹1.80
- SEBI fee
- ₹0.01
- Stamp duty
- ₹0.15
- GST
- ₹7.53
- Total charges
- ₹49.68
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.
Tuesday, 4 June 2024 · NIFTY
Official close · 15:30 · NIFTY 21,884.50
- Official close
- NIFTY 21,884.50
- Put
- ₹1,362.50P&L so far +₹29,776.25
- Call
- ₹5.15P&L so far −₹4,810.00
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 |
|---|---|---|---|---|
| 3 Jun 2024 · Previous close | — | — | — | 23,263.90 |
| 09:15 | 23,179.50 | 23,179.50 | 22,724.80 | 22,851.35 |
| 09:20 | 22,850.40 | 22,862.75 | 22,566.95 | 22,647.55 |
| 09:25 | 22,654.05 | 22,681.60 | 22,479.40 | 22,479.40 |
| 09:30 | 22,479.70 | 22,650.15 | 22,389.85 | 22,586.45 |
| 09:35 | 22,588.55 | 22,662.80 | 22,559.50 | 22,652.90 |
| 09:40 | 22,651.80 | 22,651.80 | 22,545.05 | 22,584.15 |
| 09:45 | 22,584.60 | 22,758.15 | 22,565.65 | 22,724.65 |
| 09:50 | 22,725.60 | 22,785.45 | 22,677.40 | 22,785.45 |
| 09:55 | 22,783.85 | 22,880.80 | 22,763.45 | 22,783.60 |
| 10:00 | 22,785.00 | 22,791.70 | 22,698.30 | 22,756.55 |
| 10:05 | 22,756.60 | 22,822.60 | 22,753.50 | 22,811.75 |
| 10:10 | 22,812.55 | 22,833.90 | 22,796.00 | 22,833.90 |
| 10:15 | 22,832.50 | 22,832.50 | 22,768.45 | 22,769.40 |
| 10:20 | 22,767.25 | 22,800.30 | 22,642.45 | 22,800.30 |
| 10:25 | 22,801.30 | 22,802.20 | 22,725.20 | 22,735.20 |
| 10:30 | 22,736.25 | 22,746.90 | 22,665.30 | 22,665.70 |
| 10:35 | 22,665.60 | 22,705.80 | 22,662.15 | 22,677.00 |
| 10:40 | 22,676.15 | 22,683.55 | 22,534.30 | 22,553.95 |
| 10:45 | 22,552.35 | 22,607.75 | 22,497.15 | 22,575.85 |
| 10:50 | 22,573.95 | 22,590.55 | 22,444.70 | 22,444.70 |
| 10:55 | 22,444.80 | 22,444.80 | 22,277.75 | 22,335.70 |
| 11:00 | 22,336.60 | 22,359.75 | 22,238.10 | 22,263.95 |
| 11:05 | 22,263.45 | 22,263.45 | 22,000.60 | 22,189.30 |
| 11:10 | 22,185.40 | 22,271.25 | 22,072.15 | 22,095.10 |
| 11:15 | 22,097.00 | 22,172.75 | 22,089.90 | 22,105.15 |
| 11:20 | 22,102.25 | 22,264.35 | 22,052.35 | 22,255.75 |
| 11:25 | 22,253.45 | 22,270.55 | 22,162.05 | 22,245.10 |
| 11:30 | 22,239.10 | 22,259.75 | 22,127.65 | 22,259.20 |
| 11:35 | 22,256.75 | 22,293.25 | 22,197.80 | 22,229.20 |
| 11:40 | 22,230.70 | 22,247.90 | 22,119.80 | 22,127.65 |
| 11:45 | 22,128.60 | 22,179.55 | 22,107.35 | 22,162.05 |
| 11:50 | 22,163.65 | 22,195.80 | 22,107.60 | 22,119.15 |
| 11:55 | 22,116.10 | 22,119.30 | 21,886.80 | 21,886.80 |
| 12:00 | 21,884.35 | 21,950.80 | 21,790.95 | 21,845.35 |
| 12:05 | 21,846.20 | 21,850.10 | 21,660.25 | 21,665.75 |
| 12:10 | 21,664.60 | 21,750.30 | 21,481.80 | 21,591.90 |
| 12:15 | 21,591.25 | 21,705.80 | 21,591.25 | 21,617.20 |
| 12:20 | 21,618.40 | 21,619.35 | 21,366.65 | 21,366.65 |
| 12:25 | 21,372.10 | 21,408.35 | 21,281.45 | 21,294.10 |
| 12:30 | 21,296.30 | 21,591.25 | 21,296.30 | 21,568.30 |
| 12:35 | 21,572.45 | 21,650.80 | 21,469.45 | 21,473.30 |
| 12:40 | 21,475.15 | 21,838.30 | 21,475.15 | 21,794.35 |
| 12:45 | 21,793.85 | 21,911.35 | 21,692.00 | 21,907.60 |
| 12:50 | 21,903.20 | 21,993.50 | 21,736.45 | 21,992.40 |
| 12:55 | 21,993.40 | 22,005.55 | 21,839.55 | 21,887.80 |
| 13:00 | 21,886.70 | 21,943.10 | 21,759.95 | 21,851.95 |
| 13:05 | 21,852.20 | 21,883.95 | 21,800.40 | 21,848.75 |
| 13:10 | 21,847.50 | 21,946.70 | 21,813.40 | 21,944.75 |
| 13:15 | 21,944.45 | 21,996.80 | 21,881.50 | 21,994.35 |
| 13:20 | 21,992.15 | 22,126.00 | 21,978.40 | 22,083.25 |
| 13:25 | 22,086.45 | 22,127.50 | 21,949.70 | 22,005.25 |
| 13:30 | 22,002.50 | 22,062.80 | 21,927.85 | 22,062.80 |
| 13:35 | 22,061.55 | 22,096.05 | 22,009.85 | 22,035.20 |
| 13:40 | 22,038.05 | 22,071.90 | 21,968.60 | 22,071.45 |
| 13:45 | 22,070.95 | 22,163.05 | 22,054.15 | 22,160.15 |
| 13:50 | 22,166.40 | 22,271.70 | 22,162.50 | 22,252.20 |
| 13:55 | 22,253.60 | 22,256.40 | 22,157.00 | 22,239.70 |
| 14:00 | 22,241.55 | 22,243.75 | 22,099.45 | 22,101.30 |
| 14:05 | 22,105.10 | 22,117.85 | 21,948.30 | 22,032.85 |
| 14:10 | 22,037.30 | 22,070.15 | 21,982.75 | 22,061.05 |
| 14:15 | 22,061.80 | 22,062.00 | 21,958.35 | 22,002.75 |
| 14:20 | 22,001.60 | 22,012.35 | 21,883.45 | 21,966.10 |
| 14:25 | 21,964.80 | 21,972.65 | 21,897.95 | 21,909.75 |
| 14:30 | 21,909.85 | 22,090.05 | 21,909.85 | 22,009.30 |
| 14:35 | 22,015.55 | 22,020.65 | 21,912.40 | 21,992.55 |
| 14:40 | 21,993.05 | 22,027.60 | 21,929.15 | 21,989.75 |
| 14:45 | 21,990.50 | 22,048.65 | 21,915.15 | 21,923.00 |
| 14:50 | 21,926.50 | 21,957.60 | 21,899.95 | 21,900.60 |
| 14:55 | 21,905.05 | 21,944.75 | 21,798.70 | 21,800.85 |
| 15:00 | 21,802.60 | 21,851.15 | 21,745.50 | 21,758.25 |
| 15:05 | 21,756.60 | 21,915.05 | 21,725.30 | 21,890.60 |
| 15:10 | 21,889.65 | 21,969.65 | 21,889.65 | 21,949.70 |
| 15:15 | 21,948.60 | 21,953.55 | 21,871.45 | 21,917.85 |
| 15:20 | 21,918.75 | 21,942.45 | 21,879.35 | 21,941.20 |
| 15:25 | 21,942.10 | 22,068.55 | 21,910.25 | 21,996.45 |
| Official close | — | — | — | 21,884.50 |
The official close has its own point. It differs from the last minute candle.
What moved them
NIFTY 23,263.90 → 21,884.50 · India VIX 20.94 → 26.75
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
- +₹28,439.17 gain
- Time passed
- −₹558.72 loss
- IV’s move
- +₹1,895.81 gain
- Remaining difference
- −₹0.01 loss
Call
- NIFTY’s move
- −₹6,039.85 loss
- Time passed
- −₹659.90 loss
- IV’s move
- +₹1,889.75 gain
- Remaining difference
- +₹0.00 no change
The model uses interest 7% and dividend 0.6%.
Every strategy that day
Long put
Bought the put
+₹29,661.70 gainLong call
Bought the call
−₹4,859.68 lossLong straddle
Bought both
+₹24,802.02 gainShort straddle
Sold both
−₹25,093.78 lossThe next day · Wednesday, 5 June 2024
A NIFTY put bought at Tuesday’s close turned ₹192.80 into ₹8.70.
More days
5 Jun 2024
A NIFTY put bought at Tuesday’s close turned ₹192.80 into ₹8.70.
| premium | 4 Jun 2024 → 5 Jun 2024 | After charges |
|---|---|---|
| Put 21,900Expiry 6 Jun 2024 | ₹192.80 → ₹8.70₹4,820.00 → ₹217.50 | −₹4,652.29 lossCharges ₹49.79 |
| Call 21,900Expiry 6 Jun 2024 | ₹185.00 → ₹732.90₹4,625.00 → ₹18,322.50 | +₹13,613.04 gainCharges ₹84.46 |
4 Jul 2025 – 10 Jul 2025 · A quiet week
NIFTY stayed within 0.85% from 4 Jul 2025 to 10 Jul 2025. Both options lost .
| premium | 3 Jul 2025 → 10 Jul 2025 | After charges |
|---|---|---|
| Put 25,400Expiry 10 Jul 2025 | ₹146.45 → ₹44.75₹10,983.75 → ₹3,356.25 | −₹7,661.07 lossCharges ₹33.57 |
| Call 25,400Expiry 10 Jul 2025 | ₹182.90 → ₹0.00₹13,717.50 → ₹0.00 | −₹13,747.27 lossCharges ₹29.77 |
4 Jul 2025 – 10 Jul 2025 · A quiet week · Premium (₹)
10 Jul 2025 · Call ₹0.00 · Put ₹44.75
Read the prices
| Date | Call | Put |
|---|---|---|
| 3 Jul 2025 | ₹182.90 | ₹146.45 |
| 4 Jul 2025 | ₹197.10 | ₹109.40 |
| 7 Jul 2025 | ₹169.70 | ₹95.05 |
| 8 Jul 2025 | ₹182.95 | ₹51.55 |
| 9 Jul 2025 | ₹121.15 | ₹40.60 |
| 10 Jul 2025 | ₹0.00 | ₹44.75 |
5 Aug 2024
A NIFTY put bought at Friday’s close turned ₹145.10 into ₹658.80.
| premium | 2 Aug 2024 → 5 Aug 2024 | After charges |
|---|---|---|
| Put 24,700Expiry 8 Aug 2024 | ₹145.10 → ₹658.80₹3,627.50 → ₹16,470.00 | +₹12,762.03 gainCharges ₹80.47 |
| Call 24,700Expiry 8 Aug 2024 | ₹188.80 → ₹27.40₹4,720.00 → ₹685.00 | −₹4,085.65 lossCharges ₹50.65 |
7 Apr 2025
A NIFTY put bought at Friday’s close turned ₹122.65 into ₹743.95.
| 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 |
12 May 2025
A NIFTY put bought at Friday’s close turned ₹226.60 into ₹13.60.
| premium | 9 May 2025 → 12 May 2025 | After charges |
|---|---|---|
| Put 24,000Expiry 15 May 2025 | ₹226.60 → ₹13.60₹16,995.00 → ₹1,020.00 | −₹16,031.82 lossCharges ₹56.82 |
| Call 24,000Expiry 15 May 2025 | ₹259.85 → ₹950.90₹19,488.75 → ₹71,317.50 | +₹51,635.82 gainCharges ₹192.93 |
20 Jan 2026
A NIFTY put bought at Monday’s close turned ₹70.60 into ₹367.50.
| premium | 19 Jan 2026 → 20 Jan 2026 | After charges |
|---|---|---|
| Put 25,600Expiry 20 Jan 2026 | ₹70.60 → ₹367.50₹4,589.00 → ₹23,887.50 | +₹19,237.01 gainCharges ₹61.49 |
| Call 25,600Expiry 20 Jan 2026 | ₹60.55 → ₹0.00₹3,935.75 → ₹0.00 | −₹3,961.12 lossCharges ₹25.37 |
27 Jan 2026
A NIFTY put bought at Friday’s close turned ₹81.20 into ₹0.00.
| premium | 23 Jan 2026 → 27 Jan 2026 | After charges |
|---|---|---|
| Put 25,050Expiry 27 Jan 2026 | ₹81.20 → ₹0.00₹5,278.00 → ₹0.00 | −₹5,303.99 lossCharges ₹25.99 |
| Call 25,050Expiry 27 Jan 2026 | ₹97.40 → ₹125.40₹6,331.00 → ₹8,151.00 | +₹1,781.31 gainCharges ₹38.69 |
NIFTY fell. Which option rose at the close?
See the answer
The put changed by +₹1,191.05 gain. The call changed by −₹192.40 loss.
Questions on this
Recorded NIFTY minute prices · Tuesday, 4 June 2024
The official close has its own point. It differs from the last minute candle.