Description
BSE circular specifying the strike price intervals for equity derivatives across 70+ securities for options trading.
Summary
BSE has issued a circular defining the strike price intervals for equity derivatives across 70+ listed securities. The intervals range from ₹1.00 to ₹250.00 depending on the underlying security’s price and volatility characteristics. This circular provides the standardized framework for creating option contracts at various strike prices.
Key Points
- Strike price intervals specified for 70+ securities with equity derivatives
- Intervals range from ₹1.00 (GAIL, CANB, IOCL, IDEA, IDBL, GMRI, IEEX) to ₹250.00 (BOSH - Bosch Ltd)
- Most banking stocks have ₹10.00 intervals (AXIS, HDBK, ICIC, IIBK)
- High-value stocks have larger intervals: Bajaj Auto (₹100.00), Bosch (₹250.00), Dixon Technologies (₹100.00)
- Mid-tier stocks typically have ₹20.00 or ₹50.00 intervals
- Lower-priced stocks have smaller intervals: ₹1.00, ₹2.50, or ₹5.00
Regulatory Changes
No regulatory changes introduced. This is an informational circular providing the current strike price interval structure for equity derivatives trading.
Compliance Requirements
No specific compliance requirements. Market participants should use these strike price intervals when trading or creating derivative positions in the specified securities.
Important Dates
Circular issued: December 19, 2025
Impact Assessment
Market Impact: Medium - This circular standardizes strike price intervals for options trading, ensuring uniform market structure across derivatives. The specified intervals facilitate liquidity concentration at standard strikes and help market makers in pricing options.
Trading Impact: Traders and market makers must be aware of the specific strike intervals for each security when placing orders or creating strategies. The wide range of intervals (₹1 to ₹250) reflects the diverse price ranges of underlying securities.
Operational Impact: Minimal - This appears to be a reference document codifying existing strike intervals rather than introducing new changes. Trading systems and risk management platforms should already be configured with these intervals.
Impact Justification
Technical circular specifying standardized strike price intervals for derivatives trading across major securities; affects options traders and market makers but does not change existing trading rules.