The Hindu Business Line : BSE plans weekly options on select scrips, Sensex

In order to improve liquidity and volume in the derivatives segment, the Bombay Stock Exchange is planning to introduce weekly options on selected scrips and its benchmark index, Sensex.

At present, the stock and index options contracts are offered for one, two and three-month period.

The tentative date of commencement of weekly stock options is May 17. But BSE officials said the exchange has sought the approval of the Securities and Exchange Board of India (SEBI) for launching this instrument and after the approval they will be introduced.

The advantage of introducing weekly options is that they will command lower premiums and cost less than the monthly options leading to improve liquidity, BSE said in a notice to its members.

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