Bank Nifty Options - a Question

[OptionQuant]

Hi Friends,

Let us suppose that I have a position in weekly BN options. At settlement time, what is the BN price for settlement? Is it -

The last value of Index

OR

The average value of index for last 30 mins


Thanks in anticipation

 

[praveen98]

Hi Friends,

Let us suppose that I have a position in weekly BN options. At settlement time, what is the BN price for settlement? Is it -

The last value of Index

OR

The average value of index for last 30 mins


Thanks in anticipation

HI,
The later one...
The average value of index for last 30 mins

 

[OPTIONSRIGHT]

None of these!

Closing price of the Index is the weighted average (as defined in the index) of the closing prices of the constituent securities!

 

[travi]

It will be "Closing price of the relevant underlying index"

https://www.nseindia.com/products/content/derivatives/equities/settlement_price.htm

 

[samip2u]

It will be "Closing price of the relevant underlying index"

https://www.nseindia.com/products/content/derivatives/equities/settlement_price.htm

Isn't the index moves per the consituennts anyways ?

Sent from my Redmi Note 3 using Tapatalk

 

[toocool]

It will be "Closing price of the relevant underlying index"

https://www.nseindia.com/products/content/derivatives/equities/settlement_price.htm

Closing will be determined by last 30 minutes vwap

 

[OPTIONSRIGHT]

Closing price of the securities is the last 30 minutes VWAP.
But the closing price of index is NOT the last 30 minutes average.

That is what I had given in -

Closing price of the Index is the weighted average (as defined in the index) of the closing prices of the constituent securities!

There is no volume in index! The weighted average is on the basis of the weightage ratio given to the scrips in the index (constituent securities in the index). Means, the index is calculated on the closing prices (not the last traded prices) of the index securities according to their weightage in the index.

 

[OptionQuant]

i am confused. what is the consensus?

 

[toocool]

Closing price of the securities is the last 30 minutes VWAP.
But the closing price of index is NOT the last 30 minutes average.

That is what I had given in -


There is no volume in index! The weighted average is on the basis of the weightage ratio given to the scrips in the index (constituent securities in the index). Means, the index is calculated on the closing prices (not the last traded prices) of the index securities according to their weightage in the index.

Index or no index

Closing price is the vwap of last 30 minutes

Period

Index has volume, you just don't see it, index is made up of shares and shares have volume

Period