Options trading aggregated a notional value of Rs 218 crore last week on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) put together.
The NSE stood way ahead of the BSE, accounting for 99.6 per cent of the notional value. In absolute terms, the aggregate value of Nifty and stock options at NSE aggregated to Rs 217 crore.
The premium paid for the options contracts aggregated to Rs 11 crore. This indicates that the options holders were willing to pay a premium of five per cent over the strike price.
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The volume continued to be in the individual stock options, rather than index options. Of the total value of Rs 218 crore, nearly 78 per cent of the value was aggregated by stock options.
Call options were preferred in both indices as well as stock options indicating bullish undercurrent in the market.
For example, Nifty options had 114 contracts last week, of which 73 were call options and 41 were for put options.
In stock options, the call options accounted for 75.52 per cent of the total contracts made last week. In value terms, call options aggregated to 76.1 per cent of the total value.
Though as many as 28 stocks participated in the stocks options, top five stocks accounted for 71.7 per cent of the total volume.
Reliance Industries was the most preferred contract, followed by Satyam Computer, Infosys Technologies, Reliance petroleum and Digital Equipment.
Satyam Computer seems to be more speculative as the writer demanded higher premium for the contracts. Average premium paid in Satyam aggregated at 7.66 per cent.
A modest 3.27 per cent premium was paid on Infosys Technologies options while the premium paid on Reliance and Digital Equipment averaged at around 6.5 per cent.