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1. What are Long dated Options on "SENSEX@"? 2. What are Equity Long dated Options? 3. When do Long dated Options expire? 4. What are the trading hours for Long Dated Options? 5. What are the features of Long dated Options? 6. What option series will be available for Long dated Options? 1 What are Long dated Options on "SENSEX®"? BSE has introduced 'Long Dated Options on "SENSEX@ "whereby the members can trade in Sensex (normal lot of 15 only and not 'mini' Sensex) Options contracts with an expiry upto 3 years. These long-term options provide the holder the right to purchase, in the case of a call, or sell, in the case of a put, a specified number of quantity at a pre-determined price up to the expiration date of the option, which can be three years in the future. 2 What are Equity Long dated Options? Equity Long dated Options are currently not available in BSE however these are long-dated put and call options on stock. 3 When do Long dated Options expire? As with normal options, the expiration date is the last Thursday of the month if it's a holiday then expiry will be a day before Thursday. 4 What are the trading hours for Long Dated Options? As with regular equity options, the trading hours for LONG DATED OPTIONS are from 9:55 a.m. to 3:30 p.m. IST. 5 What are the features of Long dated Options? Longer Tenure Investor can use long-term calls to diversify their portfolios. Long term put provide investors with means to hedge current stock holdings. Longer term Options offer a good alternative to a longer-term trader to gain exposure to a prolonged period in a given security without having to roll several short-term contracts. 6 What option series will be available for Long dated Options? The options series available for the Sensex (normal lot of 15) Options contracts will be as below:
These series will be available for trading from 29- February -2008. To illustrate, from the March series onwards i.e. from February 29, 2008 onwards, the users will get to trade the following Futures and Options contracts on the normal Sensex market lot of 15 :
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