250 Derivatives and Risk Management
11.8.2 Offsetting Orders
An investor who has purchased an option can close out their position by issuing an osetting order to
sell the same option. Similarly, a person who has written an option can close out their position by issuing
an osetting order to purchase the same option.
11.9 Price Quotes
Table 11.3 shows the price quotes for selected S&P CNX Niy index options and Bharti Airtel options as
of September 1, 2009, obtained from the NSE.
Symbol: is is the symbol under which the option is traded on the NSE.
Expiry Date: is is the expiry date of the option. For Niy index options, the expiry dates are
in September 2009, October 2009, November 2009, December 2009, March 2010, June ...