You can trade weekly currency options on Kite by searching for the contract name in the search bar. However, different order types and trading restrictions apply depending on the currency pair.
Order type restrictions
- USDINR contracts: You can place market orders for 3 monthly and 1 weekly contract. You must use limit orders for all other monthly and weekly contracts.
- Other currency pairs: You can only trade 3 monthly and 1 weekly contracts. Market orders are allowed for 1 monthly and 1 weekly contract only.
- Intraday (MIS) is currently blocked for weekly currency options contracts.
Adding contracts to your watchlist
- Method 1: Type USDINR (space) strike price (space) CE/PE (space) expiry date in the search bar.
- Method 2: Type USDINR followed by the strike price and select the weekly contracts from the dropdown menu.
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For monthly contracts:
Type the currency pair [USDINR] space [strike] space [contract month].
Understanding trading symbols
The trading symbol "USDINR 27th Nov 70 CE" means:
- USDINR is the underlying currency pair
- 27th Nov is the expiry date
- 70 is the strike price
- CE indicates a Call option (PE indicates Put option)
Contract specifications
| Instrument Name |
OPTCUR
|
| Symbol | USDINR |
| Expiry Date | Every Friday of the week. If Friday is a trading holiday, the previous trading day shall be the expiry/last trading day. All contracts shall expire at 12:30 PM on the expiry day. |
| Contract Cycle |
11 Serial weekly contracts expiring on Friday, excluding expiry week, wherein monthly contracts expire 2 working days prior to the last working day of the expiry month.
New Serial weekly options contract shall be introduced after the expiry of the respective week's contract. |