Roll Over

Rollover is carrying forward a particular months futures positions to the next month. This is done by closing the existing futures portion of the current month and simultaneously taking a similar position in the subsequent series.

INDEX

Symbol
Future Price
Price Chg%
OL Chg%
Share Rolled
Rollover
RO Cost

22,589

-0.53

-3.01

9462115

41.39

0.4

1,452.8

-0.56

125

0

0

5.15

24,407.7

-1.11

7.16

4680

15.69

0.66

54,255.8

-1.28

-12.35

1357620

45

0.56

13,011.7

-2.08

-5.8

1677840

50.02

0.16

65,800.2

-2.37

1.78

7625

32.76

0.42

STOCKS

Symbol
Future Price
Price Chg%
OL Chg%
Share Rolled
Rollover
RO Cost

317

4.25

-3.36

87816525

48.32

0.45

22,980

2.54

-0.97

204050

42.54

-0.87

11,253

1.15

0.63

1553450

43.01

0.49

2,529.8

0.98

-17.05

15438375

54.83

0.16

7,697.5

0.77

15.9

1357875

47.82

0.49

2,243.4

0.56

-17.79

6715500

76.06

0.28

10,968

0.43

6.17

1419050

52.33

0.59

1,332.5

0.35

10.62

8235225

56.06

0.51

2,108.3

0.32

13.27

2773600

47.52

-0.09

2,302

0.27

4.87

4274000

45.17

0.25

2,894.3

0.25

-10.79

4890750

57.71

0.36

1,215.2

0.12

16.48

75551250

58.58

0.5

956.95

0.08

13.71

12549350

48.99

0.37

1,925

0.05

-9.32

4783800

49.39

0.34

3,654.3

-0.08

1.09

8469125

48.36

0.49

816

-0.08

0.87

14174600

45.59

0.5

247.5

-0.1

-0.19

40899400

50.85

-1.19

427.95

-0.15

0

8998400

43.78

-1.12

1,750.9

-0.15

-1.88

11999750

56.27

0.51

1,188.7

-0.18

0.36

104882000

53.46

0.49

225.51

-0.19

2.06

36497250

45.35

0.51

3,969

-0.19

9.42

4375525

42.78

0.41

1,411.8

-0.23

-16.5

15234800

56.39

0.36

44,205

-0.24

-7.13

125825

48.76

0.8

1,391.8

-0.25

9.03

89361300

57.57

0.54

1,900.6

-0.25

-0.73

6662825

41.03

0.23

814.6

-0.26

-0.22

8885625

45.9

0.72

257.95

-0.3

8.82

122792400

42.72

0.56

2,845

-0.41

-2.11

10297600

55.89

0.47

189.5

-0.43

-7.82

124911000

50.49

0.52

692.2

-0.51

-7.99

282794850

61.33

0.54

762.65

-0.54

5.33

8984400

41.59

0.7

404.05

-0.59

-16.88

12567500

51.92

-1.48

3,160

-0.6

-15.88

3589350

52.17

0.31

1,234

-0.62

9.38

12728750

46.08

0.08

144.82

-0.63

-0.06

64290000

42.41

-0.59

1,777.9

-0.65

-0.57

12233400

51.63

0.51

1,129.5

-0.67

-20.44

7211700

56.27

0.54

1,886.9

-0.69

10.34

41392450

55.3

0.59

2,355.4

-0.72

-40.11

5430950

68.82

-0.82

7,004.5

-0.72

11.22

2005500

45.7

0.69

86.66

-0.75

-9.07

53733150

60.39

-0.61

1,628.4

-0.8

9.69

5590125

50.28

0.86

1,467.6

-0.81

5.41

3274500

48.29

0.68

509.2

-0.82

-5.93

20451015

54.1

0.46

520.85

-0.83

21.44

26252600

42.48

0.47

533

-0.86

-15.44

5941150

45.95

0.69

775.2

-0.89

8.26

18079000

47.32

0.25

1,806.3

-0.89

4.84

11065200

46.25

-0.58

10,081

-0.92

-4.22

1155525

49.5

0.48

34,115

-0.97

-15.36

141760

51.56

0.36

128.38

-1

6.8

81700125

45.56

0.48

1,657.9

-1.03

12.15

5521800

45.88

0.42

2,318.8

-1.03

-13.07

2704000

52.02

0.43

856.05

-1.03

-7.99

10225800

56.22

-1.72

5,700

-1.1

-4.52

2783875

55.81

0

337

-1.15

2.81

28902825

50.05

0.56

2,049.1

-1.18

10.52

3403925

54.89

-2

494.95

-1.19

-18.2

27940000

57.95

0.18

11,151

-1.21

-8.18

0

0

N/A

3,227.1

-1.21

-10.73

7007000

45.74

0.6

4,942.5

-1.22

1.01

846750

40.9

0.36

377.95

-1.24

1.37

58672100

53.04

0.39

957.8

-1.25

7.56

71979000

51.17

0.48

3,691.3

-1.28

3.64

1907500

42.67

0.5

4,281.7

-1.32

2.22

3832850

49.02

0.56

2,253.7

-1.33

6.32

5272500

52.73

0.44

347

-1.35

-13

17688050

41.77

0.3

2,474.7

-1.35

15.98

3100900

45.56

0.33

1,021

-1.4

-1.42

10709375

49.35

0.39

396.4

-1.4

4.61

41330250

38.54

0.65

4,141.5

-1.47

-5.51

756600

47.75

0.63

318

-1.5

13.73

27103125

46.75

0.14

2,023.2

-1.5

-9.78

10609900

48.13

0.33

926

-1.52

15.17

51624000

55.47

0.55

430.55

-1.52

-6.85

101864000

55.73

0.67

847.15

-1.52

-8.27

5890500

49.04

-0.08

287.4

-1.52

-9.11

20744200

50.01

-0.15

359.95

-1.54

1.48

61498725

52.98

0.41

1,051.3

-1.55

-9.59

3896750

57.22

0.44

11.38

-1.55

-8.13

3621781200

48.7

0.61

181.92

-1.55

1.93

132738050

45.47

0.47

5,052

-1.56

0.35

2398800

50.88

-0.34

4,531.9

-1.58

-7.44

4254750

55.2

0.35

1,877.8

-1.64

-19.28

2626750

58.13

0.01

1,169.1

-1.66

3.74

8728000

52.71

0.7

1,208

-1.68

10.17

4482800

41.74

0.67

4,537.9

-1.71

-18.79

1810125

57.8

0.3

655.35

-1.72

-11.04

22258500

48.55

0.25

85.46

-1.78

-5.25

81049500

47.53

0.33

1,392.3

-1.81

-4.58

3991500

52.3

-0.54

296.65

-1.82

2.14

38905500

35.63

-0.25

1,137

-1.83

-4.68

23058800

25.22

-0.5

838.55

-1.87

5.52

5638000

45.68

0.32

1,016.2

-1.87

10.92

9880850

39.81

0.47

2,728.3

-1.87

-5.77

4721625

46.48

0.24

1,143.5

-1.89

-23.98

2920800

44.28

-1.2

392.75

-1.94

-3.03

38798250

46.89

0.39

447.1

-1.97

-15.91

7572600

48

-0.24

931.9

-1.99

-1.78

18761000

56.67

0.51

752

-2.01

-3.89

12590550

54.6

-0.5

832.25

-2.02

1.09

29386000

51.04

0.63

710.1

-2.06

11.29

8819500

52.43

0.91

340.15

-2.1

1.82

68427500

52.81

0.58

1,594.6

-2.1

-6.55

4763525

48.86

0.48

281

-2.1

0.24

26828400

44.71

0.35

1,964.3

-2.1

-16.57

14413450

62.26

0.48

264.2

-2.13

-7.09

59009600

48.48

0.41

1,704.5

-2.13

14.49

5205500

47.28

0.58

2,372.6

-2.14

-5.97

4582050

49.49

0.52

1,708.1

-2.14

-6.53

10402500

51.79

0.73

323.5

-2.16

-6.62

29475000

47.23

0.55

178.3

-2.16

7.77

79061475

51.36

0.65

1,567.9

-2.17

-8.45

9759200

63.16

0.56

870

-2.18

-2.7

43518300

61.48

0.45

363

-2.19

-4.77

46394400

44.25

-1.23

379.9

-2.2

6.58

28910000

42.7

0.57

74.52

-2.23

-22.86

68772725

56.93

-0.42

163.45

-2.24

-2.08

46955850

43.61

0.45

100.46

-2.26

-30.72

54761550

62.6

-3.99

360.8

-2.31

-19.8

18757500

58.93

-0.77

3,240

-2.31

-11.31

2094150

47.65

-1.33

1,353.6

-2.37

-8.31

3306925

50.55

0.47

8,908.5

-2.38

2.81

3452600

52.68

0.47

9,672

-2.39

-24.27

686900

51.5

-0.81

16,343

-2.41

-8

242050

57.13

-0.56

230.5

-2.45

12.08

92163825

46.9

0.43

3,022.4

-2.46

-0.54

4207725

43.31

0.34

119

-2.46

18.09

192456000

48.05

0.51

1,580

-2.49

0.19

3051300

46.59

0.7

1,185

-2.5

13.22

9886250

50.61

0.16

1,853

-2.5

-20.63

4244075

63.51

-2.28

2,488.3

-2.54

-4.91

9821874

47.96

0.59

1,250

-2.55

8.72

4322400

45.9

0.38

3,739

-2.58

-27.02

1303375

55.87

-0.22

167.1

-2.59

2.92

210449250

50.89

0.41

2,223

-2.64

-8.25

1915250

44.82

-0.48

654.95

-2.66

-17.62

5727975

49.69

0.09

4,320

-2.71

12.7

4051200

47.76

0.37

15.72

-2.72

1.46

878139600

50.71

0.31

2,135.5

-2.75

-11.64

7254750

59.16

0.37

4,482.8

-2.77

17.02

2425875

46.85

0.23

237.65

-2.78

-13.95

44223750

54.23

-0.69

204.7

-2.78

-11.72

128883400

50.33

0.61

387.55

-2.78

-4.62

57760500

53.93

0.63

343.05

-2.79

-6.15

29684400

40.94

0.37

7,435

-2.79

2.85

1211125

39.87

0.59

1,610.4

-2.84

-0.62

8613725

42.87

0.38

316.25

-2.87

-0.59

54234700

37.35

0.31

26,250

-2.9

-0.22

363300

50.66

0.6

182.39

-2.9

-10.29

23642850

54.03

-0.06

37.56

-2.92

-19.94

326034400

60.85

0.1

347.25

-2.96

-1.79

26247700

52.69

0.63

149.44

-2.97

4.59

107778750

52.14

0.6

293.9

-2.98

-11.58

28532700

50.32

-1.29

300.7

-3.03

-6.49

19603125

39.52

-0.83

1,186.5

-3.05

1.24

30979125

52.32

0.64

18,410

-3.06

-9.99

613700

57.78

0.07

4,722.2

-3.12

-0.35

3003600

47.25

0.58

72.48

-3.12

-0.21

265700925

52.05

0.4

6,033.5

-3.13

-11.86

728300

53.12

-0.45

194.82

-3.14

-6.24

46648550

49.61

0.74

68.3

-3.16

-8.37

40274000

39.31

0.29

1,188.5

-3.17

-11.93

6112775

44.07

0.22

1,852.7

-3.25

-25.96

3679650

58.66

-0.63

4,112.4

-3.26

-9.31

2856000

51.32

-1.71

496.7

-3.27

-2.36

13418650

43.78

0.5

115.98

-3.3

4.5

189229500

43.53

0.73

1,020.5

-3.31

-21.12

3931250

52.32

-1.22

3,393

-3.41

-17.23

1234450

45.96

0

100.9

-3.46

-8.75

31907250

37.75

0.73

224.5

-3.52

-0.37

38251300

48.69

0.53

1,092.5

-3.54

0.53

6045000

46.28

0.39

75.5

-3.58

6.55

22938500

39.67

0.79

66.3

-3.59

-4.6

215352000

42.51

0.49

11,232

-3.59

-0.46

1930550

58.36

-1.42

131.92

-3.61

-0.98

35921600

46.89

0.43

446.5

-3.64

-9.18

18748000

47.14

0.44

3,735

-3.77

-9.19

1408050

49.26

0.51

545.65

-3.88

-10.39

9404800

45.8

0.32

69.49

-3.88

-3.6

92740800

54.28

-0.48

162.65

-3.89

-3.05

137305800

51

0.56

1,661.4

-4.04

-18.93

866800

51.15

-0.99

3,245

-4.07

-24.65

2489900

58.81

0.06

407.9

-4.07

-10.43

13368750

48.21

0.02

510

-4.15

-7.9

12155400

44.55

0.46

1,375

-4.16

-0.7

4956750

57.22

-1.9

346.55

-4.17

-17.35

31372175

51.05

-0.46

1,612.6

-4.25

-9.29

5037450

56.11

-1.12

467.6

-4.25

-4.01

5335200

33.04

0.51

1,456.7

-4.36

15.48

9424375

48.78

0.37

949.6

-4.43

-3.24

6298125

41.9

0.43

1,497.3

-4.47

4.9

5035550

39.14

0.45

860.95

-4.48

19.53

18179700

41.41

-0.28

43.45

-4.5

7.48

70272000

41.67

0.82

58

-4.51

-20.35

28280000

51.93

0.63

1,498.9

-4.52

-6.67

4868500

57.64

-1.59

996

-4.57

-10.98

3752500

54.43

-0.28

2,635

-4.61

1.15

522725

47.32

1.09

923

-4.71

-14.84

3356875

59.29

-1.41

278.7

-4.71

-11

21015000

40.9

0.41

1,027.6

-4.71

-12.87

7427000

50.52

-0.15

1,187.5

-4.81

-17.55

15467400

57

0.37

59

-4.91

-16.57

65062400

48.29

0.28

959

-5.04

2.35

5536875

50.07

0.25

368.5

-5.13

7.61

15757550

39.67

0.77

6,138

-5.24

-8.89

1268500

46.03

0.62

800.05

-5.37

-22.78

3785225

62.88

-1.5

923.05

-5.5

-12.96

3227875

45.46

0.53

149.21

-6.24

-9.72

70318800

52.26

0.73

1,213.5

-6.25

1.51

17469000

65.37

0.78

282.5

-6.34

-6.26

37857000

45.26

0.53

175.4

-16.57

7.46

49729425

42.85

0.51

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Arbitrage Opportunities

Premium

Discount

Script
Spot
Future
Premium(%)

COFORGE

1,900.50

1,900.60

0.00%

ZYDUSLIFE

1,129.40

1,129.50

0.00%

GRASIM

2,894.00

2,894.30

0.01%

JUBLFOOD

404.00

404.05

0.01%

KOTAKBANK

430.50

430.55

0.01%

Derivatives Trading Strategy

A derivatives trading strategy uses financial tools, including futures, options, and swaps, to hedge against potential risks or to speculate on the price action of an underlying asset—for instance, stocks, commodities, or currencies. Such strategies can be used either as hedging to mitigate exposure to market fluctuations or leverage to amplify potential gains, depending on the trader's perception of market outcomes and his appetite for risk.

Though derivatives could improve profit and manage risks effectively, they carry a huge potential for losses. This is where proper structuring of strategy and an adequate risk management plan becomes quite crucial for good trading.

Futures Trading Strategies

Those who trade future contracts will either buy (long trades) or sell (short trades). A few common future trading strategies are as follows:

  • Long Trades: The most common type of futures trading is a long trade. When you buy futures, you are essentially optimistic about the rise of the price of the underlying asset before the contract expires. The higher the price goes beyond the strike price or the agreed-upon rate between you and the seller, the more you can profit.
  • Short Trades: Short trades are selling futures. When one sells a futures contract, they expect the price of the underlying to decline before expiration. Short trades are riskier than long trades because losses can be massive if the price goes against you.
  • Bull Calendar Spread: In this futures trading strategy, the trader buys and sells futures contracts on one underlying asset but for different expiration dates. Generally speaking, a trader will go long on the near-term expiry and short on the long-term expiry. Investors, while pursuing this strategy, expect the spread to widen in favour of the long term, thereby increasing the profit margin.
  • Bear Calendar Spread: In this strategy of futures trading, a trader goes short on the short-term contract and long on the long-term contract. Investors preferring this strategy expect the spread to widen in favour of the short so as to make a higher profit.

Options Trading Strategies

Options have two types: call and put. A call option would give a trader the right to purchase an underlying asset at a predecided price in the future. The put option permits the trader to sell an underlying asset at a predecided price in the future. These are the most common trading strategies in options that traders use:

  • Buy Call: One of the most popular investments in options is the long call. This is common when the underlying asset and the agreed-upon rate are likely to go up before the contract expires on its date. The faster the price of the underlying asset moves above the strike price, the quicker you profit. But if the price goes up on the last day for which the contracts will expire, you are bound to lose money.
  • Buy Put: You buy a put, hoping that the underlying asset goes down in the future or before expiration. The money will be made if the underlying asset goes down to below the strike price. If the rate goes up, your premium value becomes zero.
  • Covered Call Strategy: This is a strategy where you purchase an underlying asset in the spot market and let go of a call of the same asset. It is preferred by investors who have a neutral to bullish stance. The reward can be limited, but losses may be unlimited. Also, volatility might create further issues for a trader depending on this strategy to generate profits.
  • Married Put Strategy: This strategy is applied when a shareholder purchases a put option on the stocks they already have or that they will eventually buy. Investors who adopt this strategy reduce the potential decline in prices of a stock they believe in generally.

FAQs on Roll Over

Derivative rollover refers to the act of closing an existing contract position that is close to maturity and opening a new position in a longer-term contract. This helps maintain continuity in investment as one can continue holding positions without having to close or settle the original contract.
A rollover strategy entails the transferring of positions from an expiring contract to a new one with a later expiration date. It helps maintain market exposure in futures and options markets. This is highly practical for traders since it enables them to avoid delivering the underlying asset while continuing to benefit from any price movement.
A rollover is an extension of the expiration date for a position, whereby a position is rolled over into a new contract. On the other hand, a swap refers to a financial agreement between parties to exchange cash flows or liabilities related to different currencies or interest rates. Rollovers extend open positions, while swaps manage risk or cash flows between parties.
The first rollover risk is the cost of maintaining the position, including possible negative spread shifts between expiring and new contracts. In addition, during the rollover period, market volatility may create price mismatches. Hence, the total yield of the strategy is not too appealing.

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