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 time value.
The call at the same went from ₹182.90 to ₹0.00.
Thursday, 3 July 2025 – Thursday, 10 July 2025: NIFTY fell 50.05 points. The practice put changed from ₹146.45 to ₹44.75. 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 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 |
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 25,400: ₹146.45 × 75 = ₹10,983.75 paid. ₹44.75 × 75 = ₹3,356.25 received. ₹3,356.25 − ₹10,983.75 − ₹33.57 charges = −₹7,661.07 loss.
- Call 25,400: ₹182.90 × 75 = ₹13,717.50 paid. ₹0.00 × 75 = ₹0.00 received. ₹0.00 − ₹13,717.50 − ₹29.77 charges = −₹13,747.27 loss.
Cost details
Each charge in rupees. Together they make the Charges total above.
Put 25,400 · Charges ₹33.57
- Brokerage
- ₹20.00
- STT
- ₹5.03
- Exchange transaction charge
- ₹3.90
- SEBI fee
- ₹0.01
- Stamp duty
- ₹0.33
- GST
- ₹4.30
- Total charges
- ₹33.57
Your broker’s fee. We use ₹20.00 for each order. This trade has 1 order.
. At it is charged on what the option is worth. This one is our estimate.
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 25,400 · Charges ₹29.77
- Brokerage
- ₹20.00
- STT
- ₹0.00
- Exchange transaction charge
- ₹4.87
- SEBI fee
- ₹0.01
- Stamp duty
- ₹0.41
- GST
- ₹4.48
- Total charges
- ₹29.77
Your broker’s fee. We use ₹20.00 for each order. This trade has 1 order.
Securities Transaction Tax. None here, because the option was worth nothing at expiry.
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 25,405.30 → 25,355.25 · India VIX 12.39 → 11.67
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
- +₹2,589.60 gain
- Time passed
- −₹10,217.11 loss
- IV’s move
- —
- Remaining difference
- +₹0.01 gain
IV cannot be solved at expiry. The index and time split holds the starting IV.
Call
- NIFTY’s move
- −₹1,163.94 loss
- Time passed
- −₹12,553.57 loss
- IV’s move
- —
- Remaining difference
- +₹0.01 gain
IV cannot be solved at expiry. The index and time split holds the starting IV.
The model uses interest 7% and dividend 0.6%.
This calculation uses 0.15% for exercise STT.
Every strategy that day
Long put
Bought the put
−₹7,661.07 lossLong call
Bought the call
−₹13,747.27 lossLong straddle
Bought both
−₹21,408.34 lossShort straddle
Sold both
+₹21,250.37 gainThe index stayed quiet. Which option kept its time value?
See the answer
The put changed by −₹101.70 loss. The call changed by −₹182.90 loss.
Questions on this
Recorded NIFTY minute prices · Thursday, 10 July 2025
Put · Closing premium ₹51.85 · expiry value ₹44.75
Call · Closing premium ₹0.05 · expiry value ₹0.00