The Bombay Stock Exchange today launched index options on its sensitive index. At the end of the day, 150 options trades were done, with a cumulative value of Rs 5.4 crore.
The first trade of 1 Sensex Call options of the June series was done between Emkay Share & Stock Brokers as the option writer and Dimensional Securities as the buyer, at a strike price of 3600 with a premium of 95 sensex points. This translates to a transaction value of Rs 9,500 (premium multiplied by 100).
If the closing value of the sensex on the last Thursday of June is 4000 and the buyer wishes to exercise the
