India-US trade deal effect: Rs 1.5 Nifty Call option becomes Rs 460 in one day; profit of Rs 30,000 per lot

India-US trade deal effect: Rs 1.5 Nifty Call option becomes Rs 460 in one day; profit of Rs 30,000 per lot

The surprise India-US trade deal announcement turned out to be a jackpot for option buyers on February 3 as they made a whopping 300% gains.

For example, the 26,000 Nifty Call option (weekly expiry) traded at Rs 1.5 yesterday and today it hit a high of Rs 460, which translates into a profit of Rs 30,000 per lot.

However, call sellers and put buyers would have faced heavy losses as both the benchmarks rose about 5% at the open, logging their biggest intra-day jump in five years.

At 10:59 am, the Sensex was up 2,299.56 points or 2.82% at 83,966.02, and the Nifty was up 692.30 points or 2.76% at 25,780.70. About 3,027 shares advanced, 682 shares declined, and 141 shares were unchanged.

The massive gains in options are coming at a time when Finance Minister Nirmala Sitharaman announced hike in Securities Transaction Tax in F&O in Budget 2026.

Sebi’s recent study on F&O trading suggests that 91 percent of traders incurred losses in FY25 in F&O. The study indicates that the net losses of individual traders widened by 41 percent to Rs 1,05,603 crore in FY25 from Rs 74,812 crore in FY24, after accounting for transaction costs.