Trading members may note that Exchange, in consultation with SEBI, post review of existing strike scheme for long dated options contract has decided to review the strike prices interval and no of strike prices half yearly i.e  on December and June monthly expiry.

In view of the above, Trading Members are requested to note the following for S&P BSE SENSEX Long Dated Options contracts –

·       Minimum 1-1-1 (ITM-ATM-OTM) and Maximum 5-1-5  (ITM-ATM-OTM) no of strikes will be available for trading.

·       Strike price interval will be kept to ensure a minimum coverage of 5% in either side of Index Value.

·       All the long dated options contracts which are falling under the revised strike price scheme as mentioned above will continued to be available for trading.

·       All the long dated options contracts which are not falling under the revised strike price scheme as mentioned above but has open position will continued to be available for trading.

·       All the long dated options contracts which are not falling under the revised strike price scheme as mentioned above and do not have any open position will be discontinued and will not be available for trading w.e.f next trading day.

The revised strike price scheme shall be carried on December 31,2020 and shall be effective from January 01,2021.

For further clarification trading members are requested to contact their respective Relationship Managers.

For & On Behalf of BSE Ltd,

Ketan Jantre	Sameer Vaze
Sr.GM-Trading Operations	AGM – Trading Operations