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How can I trade weekly Nifty option contracts in Zerodha?

NSE has announced the introduction of weekly options on Nifty 50 and will be allowed for trading w.e.f. Monday, February 11, 2019. Here are the contract specifications -

Instrument NameOPTIDX
Symbol
NIFTY
Expiry date
Every Thursday of the week. In case the Thursday is a trading holiday, the previous trading day shall be the expiry/last trading day. All contracts shall expire at the normal market closing time on the expiry day or such other time as decided by Exchange.
Contract cycle
7 weekly expiry contracts excluding the expiry week of the monthly contract. New serial weekly options contract shall be introduced after the expiry of the respective week’s contract.
All other contract specifications shall be in line with the monthly expiring NIFTY option contracts.

The following weekly options contracts shall be available for trading from February 11, 2019, onward:

SR NO
INSTRUMENT
SYMBOL
EXPIRY DATE
1OPTIDX
NIFTY
14-Feb-19
2OPTIDX
NIFTY
21-Feb-19
3OPTIDX
NIFTY
07-Mar-19
4OPTIDX
NIFTY
14-Mar-19
5OPTIDX
NIFTY
20-Mar-19
6OPTIDX
NIFTY
04-Apr-19
7OPTIDX
NIFTY
11-Apr-19
Click here for the NSE circular. Note, that BO/CO will also be allowed on the NIFTY weekly options.

To add the NIFTY weekly option contracts to your market-watch on Kite web and mobile, you can just type in the trading symbol [Nifty] followed by the [strike price]. You’ll see a drop down of the existing contracts for that strike price. You can select the weekly option contract you want from that list.



 


Note - On mobile, in the order book and the positions page, the contract will be shown in the numeric form as follows -




To add it on your Pi market watch, you will have to update Pi. You will receive an update prompt once you login. Restart Pi after the update and you will be able to add NIFTY weekly options to your market watch and trade them -



The process of adding NIFTY weekly to the market watch in NEST is similar to the above demo.