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Mumbai, March 3 National Stock Exchange has introduced trading in long-term options on S&P CNX Nifty Index on Monday. The S&P CNX Nifty Index has an Rs 15,000 crore daily average turnover.

Until now only three months contract were available for trading in the options segment. “With the introduction of longer term options trading in options investors will not only be able to invest for a longer period of time, but also hedge themselves for a longer period of time”, said Mr Aalap Shah, derivatives research analyst, Dolat Capital Markets Ltd.

Active trading was observed in the three quarterly expiries i.e June/Sept/Dec 2008. The total traded turnover for the day in long-term options contracts was Rs 150.16 crore at 5223 contracts. The open interest stood at 4184 contracts. Active contracts had strike prices between 4800 & 5550. The Nifty December 2008 call for 5000 strike was most actively traded contract recording a turnover of Rs 43.57 crore, mentions a NSE release.

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