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Example : BUY BANK NIFTY 39000 PUT @ 246

In trading platform there is no choice like this. How does one interpret this in simple language.

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  • Where are you seeing this? My guess would be that someone bought a PUT option on the BANK NIFTY index with a strike at 39,000 for a 246 premium, but without the context that's just a guess.
    – D Stanley
    Nov 15, 2021 at 14:46

1 Answer 1

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BUY BANK NIFTY 39000 PUT @ 246

It means what it says:

  • It's a BUY order for a PUT

  • The underlying is the BANK NIFTY

  • The strike price is 39,000

  • The cost is 246

This entire statement is what a buy order would look like.

If you don't know what these terms mean then you should read about what options are.

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  • 8
    I will add that one essential component was overlooked in the OP's example: The option expiration date. Nov 15, 2021 at 15:17
  • 1
    Yep good point. Nov 15, 2021 at 18:13
  • Got it. Thank you.
    – nish
    Nov 17, 2021 at 10:08

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