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SEBI Weekly Index Options Expiry May Turn Fortnightly

9 July 20251 min read
BANKING & FINANCESEBI Weekly IndexOptions ExpiryMay TurnFortnightly9 July 2025safalsetu.com

Why in the news

SEBI may go fortnightly on index options expiry if its latest curbs fail.

Key facts

  • The 3 July interim order against US-based Jane Street alleged ₹4,844 crore of manipulation on an expiry day.
  • Retail traders dominate, yet 91% lost money on a net basis in FY25, as in FY24 (Equity Derivatives Study).
  • Possible outcome: a single fortnightly expiry per benchmark index (Sensex, Nifty), decided after stakeholder consultation.

Steps taken so far

WhenMeasure
October 2023One weekly expiry per exchange; contract size up to ₹15-20 lakh from ₹5-10 lakh
May 2025Open interest measured on a future-equivalent basis; position limits tightened

Exam angle

  • Regulator: SEBI; benchmark indices: Sensex and Nifty.
  • Related terms: open interest, position limits.

Test yourself

1. SEBI's 3 July interim order against Jane Street alleged market manipulation worth how much?

The order alleged ₹4,844 crore of manipulation on options expiry day.

2. What share of retail index options traders incurred net losses in FY25, per SEBI's Equity Derivatives Study?

The study found 91% incurred net losses in FY25, similar to FY24.

3. If its reforms fail, SEBI may change index options expiry to what schedule?

SEBI may move to a single fortnightly expiry per benchmark index.

This topic is part of Daily Current Affairs 9 July 2025 (15 topics).

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