{"id":25142,"date":"2026-04-28T14:12:40","date_gmt":"2026-04-28T08:42:40","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=25142"},"modified":"2026-04-28T14:12:40","modified_gmt":"2026-04-28T08:42:40","slug":"sebi-weighs-intraday-strike-price","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/sebi-weighs-intraday-strike-price\/","title":{"rendered":"SEBI Weighs Intraday Strike Price Framework to Improve Options Liquidity"},"content":{"rendered":"<p data-section-id=\"e48qo0\" data-start=\"545\" data-end=\"633\"><span role=\"text\">Explained: Why SEBI Is Reviewing Intraday Strike Prices in India\u2019s Options Market<\/span><\/p>\n<p data-start=\"635\" data-end=\"663\">Dateline: April 28, 2026<\/p>\n<p data-start=\"665\" data-end=\"912\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Securities and Exchange Board of India<\/span><\/span> (SEBI) is in discussions with stock exchanges and market participants on a proposal to allow exchanges to introduce new options strike prices during trading hours, according to people familiar with the matter.<\/p>\n<p data-start=\"914\" data-end=\"1115\">The proposal\u2014currently under consultation\u2014aims to address gaps in strike price availability during sharp intraday market movements, where existing strike levels often fail to reflect prevailing prices.<\/p>\n<p data-start=\"1117\" data-end=\"1192\">An email sent to SEBI seeking official comments did not receive a response.<\/p>\n<p data-start=\"1194\" data-end=\"1391\">One person aware of the discussions said, <em data-start=\"1236\" data-end=\"1391\">\u201cThe key element under consideration is enabling exchanges to introduce strike prices intraday, particularly during sharp moves in the underlying asset.\u201d<\/em><\/p>\n<p data-start=\"1327\" data-end=\"1520\">Also Check :<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><a href=\"https:\/\/www.niftytrader.in\/nifty50-contributors\">Nifty 50<\/a><\/li>\n<li><a href=\"https:\/\/www.niftytrader.in\/nifty-bank-contributors\">Bank Nifty<\/a><\/li>\n<li><a href=\"https:\/\/www.niftytrader.in\/stocks-price\/bse\">Sensex<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 data-section-id=\"1eeapr9\" data-start=\"1398\" data-end=\"1469\"><span role=\"text\">Why SEBI Is Looking at Strike Price Gaps in a High-Volume Market<\/span><\/h2>\n<p data-start=\"1471\" data-end=\"1571\">The review comes amid sustained growth in India\u2019s derivatives market, particularly in index options.<\/p>\n<p data-start=\"1573\" data-end=\"1773\">According to the National Stock Exchange\u2019s derivatives report for March 2026, index options average daily turnover was in the range of \u20b940\u201350 lakh crore, underlining the scale of trading activity.<\/p>\n<p data-start=\"1775\" data-end=\"1959\">Separately, a SEBI study on retail participation in futures and options found that over 90% of individual traders incurred net losses, highlighting structural risks in the segment.<\/p>\n<p data-start=\"1961\" data-end=\"2029\">SEBI\u2019s internal observations indicate that during volatile sessions:<\/p>\n<ul data-start=\"2031\" data-end=\"2212\">\n<li data-section-id=\"16rfa45\" data-start=\"2031\" data-end=\"2079\">Relevant strike prices are often unavailable<\/li>\n<li data-section-id=\"1eptjj6\" data-start=\"2080\" data-end=\"2148\">Deep out-of-the-money strikes remain listed despite low activity<\/li>\n<li data-section-id=\"1cz25ay\" data-start=\"2149\" data-end=\"2212\">Traders face execution gaps due to misaligned strike levels<\/li>\n<\/ul>\n<p>Read More : <a href=\"https:\/\/www.niftytrader.in\/markets\/amazon-now-expands-to-100-cities\/\">Amazon Now Expands to 100 Cities; Swiggy, Eternal Shares Fall Up to 3%<\/a><\/p>\n<h2 data-section-id=\"1yvv0wr\" data-start=\"2219\" data-end=\"2280\"><span role=\"text\">How Fragmented Exchange Practices Led to This Proposal<\/span><\/h2>\n<p data-start=\"2282\" data-end=\"2359\">Strike price management currently differs across exchanges and asset classes.<\/p>\n<p data-start=\"2361\" data-end=\"2502\">While index options follow relatively structured frameworks, stock, currency, and commodity options often rely on exchange-specific policies.<\/p>\n<p data-start=\"2504\" data-end=\"2668\">Another person familiar with the discussions said, <em data-start=\"2555\" data-end=\"2668\">\u201cNot all exchanges currently allow adding strike prices intraday, which creates inconsistency across segments.\u201d<\/em><\/p>\n<p data-start=\"2670\" data-end=\"2753\">To address this, SEBI is evaluating a uniform framework that would standardise:<\/p>\n<ul data-start=\"2755\" data-end=\"2896\">\n<li data-section-id=\"1bjgli2\" data-start=\"2755\" data-end=\"2809\">Introduction of strike prices across asset classes<\/li>\n<li data-section-id=\"18o2f8z\" data-start=\"2810\" data-end=\"2852\">Ongoing monitoring and periodic review<\/li>\n<li data-section-id=\"iihtot\" data-start=\"2853\" data-end=\"2896\">Public disclosure of strike price rules<\/li>\n<\/ul>\n<h2 data-section-id=\"p6a5u5\" data-start=\"2903\" data-end=\"2965\"><span role=\"text\">What Intraday Strike Additions Could Change for Traders<\/span><\/h2>\n<p data-start=\"2967\" data-end=\"3121\">Under the proposed framework, exchanges may introduce new strike prices during trading hours, particularly during sharp movements in the underlying asset.<\/p>\n<p data-start=\"3123\" data-end=\"3228\">This would allow options contracts to stay aligned with real-time market levels during volatile sessions.<\/p>\n<p data-start=\"3230\" data-end=\"3356\">The proposal also includes a design where such changes would not require system modifications for brokers during live trading.<\/p>\n<p data-start=\"3358\" data-end=\"3439\">SEBI has not released a consultation paper or implementation timeline so far.<\/p>\n<h2 data-section-id=\"u6sv7l\" data-start=\"3446\" data-end=\"3519\"><span role=\"text\">Impact on Traders: More Relevant Strike Prices in Volatile Markets<\/span><\/h2>\n<p data-start=\"3521\" data-end=\"3562\">For traders, especially in index options:<\/p>\n<ul data-start=\"3564\" data-end=\"3736\">\n<li data-section-id=\"1vrew3h\" data-start=\"3564\" data-end=\"3630\">Access to closer-to-market strike prices may improve execution<\/li>\n<li data-section-id=\"9dv02d\" data-start=\"3631\" data-end=\"3680\">Intraday strategies could become more precise<\/li>\n<li data-section-id=\"2rac1q\" data-start=\"3681\" data-end=\"3736\">Hedging during volatility may become more efficient<\/li>\n<\/ul>\n<p data-start=\"3738\" data-end=\"3821\">The change primarily targets active participants in short-duration options trading.<\/p>\n<h2 data-section-id=\"1960gba\" data-start=\"3828\" data-end=\"3900\"><span role=\"text\">Impact on Investors: Indirect Influence Through Market Efficiency<\/span><\/h2>\n<p data-start=\"3902\" data-end=\"3955\">For investors, the proposal is indirect but relevant.<\/p>\n<p data-start=\"3957\" data-end=\"4011\">Changes in derivatives market structure can influence:<\/p>\n<ul data-start=\"4013\" data-end=\"4152\">\n<li data-section-id=\"1r4okoi\" data-start=\"4013\" data-end=\"4065\">Price discovery in underlying stocks and indices<\/li>\n<li data-section-id=\"15f61wo\" data-start=\"4066\" data-end=\"4119\">Liquidity concentration in specific strike ranges<\/li>\n<li data-section-id=\"1czxubm\" data-start=\"4120\" data-end=\"4152\">Short-term volatility trends<\/li>\n<\/ul>\n<h2 data-section-id=\"ekkai6\" data-start=\"4159\" data-end=\"4217\"><span role=\"text\">FAQs: SEBI Intraday Strike Price Proposal Explained<\/span><\/h2>\n<h3 data-section-id=\"80km4y\" data-start=\"4219\" data-end=\"4278\"><span role=\"text\">What is SEBI proposing for options strike prices?<\/span><\/h3>\n<p data-start=\"4279\" data-end=\"4417\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Securities and Exchange Board of India<\/span><\/span> is evaluating a framework that allows exchanges to introduce new strike prices during trading hours.<\/p>\n<h3 data-section-id=\"1lhytfa\" data-start=\"4424\" data-end=\"4479\"><span role=\"text\">Why is SEBI reviewing strike price rules now?<\/span><\/h3>\n<p data-start=\"4480\" data-end=\"4594\">The review is driven by high derivatives trading volumes and gaps in strike availability during volatile sessions.<\/p>\n<h3 data-section-id=\"mo13zf\" data-start=\"4601\" data-end=\"4659\"><span role=\"text\">Will this apply across all derivatives segments?<\/span><\/h3>\n<p data-start=\"4660\" data-end=\"4760\">Yes, the proposal aims to create a uniform framework across equity, commodity, and currency options.<\/p>\n<h3 data-section-id=\"1qrz91m\" data-start=\"4767\" data-end=\"4826\"><span role=\"text\">Has SEBI released an official consultation paper?<\/span><\/h3>\n<p data-start=\"4827\" data-end=\"4870\">No, the proposal is still under discussion.<\/p>\n<h3 data-section-id=\"1xlx6od\" data-start=\"4877\" data-end=\"4924\"><span role=\"text\">How could this affect retail traders?<\/span><\/h3>\n<p data-start=\"4925\" data-end=\"5013\">Retail traders may benefit from improved strike price availability and better execution.<\/p>\n<h3 data-section-id=\"1g78m1n\" data-start=\"5020\" data-end=\"5064\"><span role=\"text\">Will brokers need system upgrades?<\/span><\/h3>\n<p data-start=\"5065\" data-end=\"5139\">No, the framework is expected to avoid system changes during live trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Explained: Why SEBI Is Reviewing Intraday Strike Prices in India\u2019s Options Market Dateline: April 28, 2026 Securities and Exchange Board of India (SEBI) is in discussions with stock exchanges and market participants on a proposal to allow exchanges to introduce new options strike prices during trading hours, according to people familiar with the matter. The [&hellip;]<\/p>\n","protected":false},"author":4,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1331],"class_list":{"0":"post-25142","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1331,"user_id":4,"is_guest":0,"slug":"sourabh","display_name":"Sourabh Sharma","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/25142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=25142"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/25142\/revisions"}],"predecessor-version":[{"id":25145,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/25142\/revisions\/25145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/25144"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=25142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=25142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=25142"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=25142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}