Lot sizes for Futures and Options contracts starting November are increasing, and the Nifty will go to a lot size of 75.
What happens, then, if you had bought LEAPS (Long Term Options) of December 2015? These have a current lot size of 50.
September contracts expire on September 24 (Thursday). Come September 25 (which is a holiday, so it is actually Sep 28), and you will have new contracts for December 2015. (Currently today contracts are Sep, Oct and Nov. On Sep 28, the Sep contracts would have expired, so they will have the three months of Oct, Nov (both already there) and Dec)
When the December contracts come into place they will have a contract size of 75.
If you own 50 shares of Nifty (December 2015) you have three days to increase it to a contract size that is exactly divisible by 75, otherwise you won’t be able to sell your shares!… (Read On...)
