Request


You can use Exercise Request feature to exercise Options contracts for which you have taken long positions (Buy) in the market. On selecting this option, the system displays a list of Options Contract in Exercise Request table. (Kindly refer to the screenshot given below)

Place Exercise requests

Exercise Request Table
Exercise Request Table displays a list of outstanding Options Contracts for which you have taken BUY position. The details displayed in the table include:

  1. Symbol - It displays the exchange symbol of the underlying scrip.

  2. Expiry Date - It displays the expiry date of the corresponding contract.

  3. Option Type - It displays the option type of the corresponding contract. 'CA' indicates Call American, 'CE' indicates Call European, 'PA' indicates Put American and 'PE' indicates Put European.

  4. Strike Price - It displays the strike price of the corresponding contract.

  5. Last Traded Price - It displays the last traded price of the corresponding contract.

  6. Open Positions - It displays the number of open positions for the corresponding contract.

  7. Exercise Requested on - It displays the number of positions on which "Exercise" has already been requested.

  8. Do Not Exercise Requested on - It displays the number of positions on which "Do Not Exercise" has already been requested.

  9. New Request - Here, you can enter contract's quantity that you would like to exercise. Note! You cannot exercise quantity more than your net positions. Net Positions = Open Positions - (Exercise Requested on + Do Not Exercise Requested on).

  10. Exercise / Do Not Exercise - Here, you can select whether you wish to exercise the corresponding contract or do not wish to exercise the contract.

  11. Go - Click on 'Go' button to exercise the corresponding contract.

How to Exercise a Contract?
To exercise a contract, follow the steps given below:

  1. To begin with, enter the quantity that you would like to exercise / Do Not Exercise in New Request field.

  2. Next, select whether you wish to exercise the corresponding contract or do not wish to exercise the contract.

  3. Next, click on 'Go' button to place the exercise request. On clicking, the system display you a confirmation screen. Click on 'Confirm' button to confirm the exercise request.

Also Read:

Exercise Menu