BSE Derivative: Reading an Option Contract

BSX A 2 C 7575
Security Name
Prex: First 3 characters

BSX

Weekly or monthly
Weekly or Monthly: 4th character The 5th character represents a weekly option if it's an alphabet (A,B,C,D,E). It depicts a monthly contract in case of a number (1 - 2011, 2 - 2012 etc.) A B C D E 1 2 3 4 5 1st week 2nd week 3rd week 4th week 5th week 2011 2012 2013 2014 2015

Expiry month
Expiry month: 5th character

Call or Put
Type of contract: 6th character The 7th character states whether the contract type is a Put or a call C P Call Put

7575
Strike Price
Strike price: Last 4 characters The last four characters show the strike price

The rst four characters represent the scrip name or the index name

The 6th character denotes the month of expiry

BSX MSX

Sensex SensexMini

1 2 3 4 5 6 7 8 9 10 11 12

January February March April May June July August September October November December

7575 6295

Strike price Strike price