Canara Bank 31 October 2024 106 Put

Canara Bank 31 October 2024 106 Put

Q: What is the Canara Bank 31 October 2024 106 Put Option?

The Canara Bank 31 October 2024 106 Put Option is a financial contract that gives the holder the right, but not the obligation, to sell the Canara Bank stock at a strike price of 25,200 on 5th September 2024. It is used to hedge against or speculate on a decline in the Canara Bank stock. Its value depends on the stock's performance relative to the strike price.

Q: What is the significance of the strike price in Canara Bank 31 October 2024 106 Put?

The significance of the strike price of 25,200 in the Canara Bank 31 October 2024 106 Put Option is the level at which the holder can sell the Canara Bank stock. It determines the point at which the Option becomes profitable if the stock falls below this value. The significance lies in its impact on the Option's potential value and profitability based on Canara Bank's movement.

Q: How does the expiry date affect the Canara Bank 31 October 2024 106 Put?

The expiry date determines the final opportunity to exercise the Canara Bank 31 October 2024 106 Put Option. As the expiry approaches, the time value diminishes, potentially reducing its price. The Option's value is influenced by the Canara Bank stock's movement relative to the strike price as the expiry date nears.

Q: Can the Canara Bank 31 October 2024 106 Put be sold before expiry?

Yes, the Canara Bank 31 October 2024 106 Put can be sold before expiry. Selling the Option before expiry allows you to avail any gains or limit losses based on the Option's current market value. The price at which you can sell it depends on market conditions and the Canara Bank stock's performance.