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F&OAdvancedHybrid

NIFTY and BANKNIFTY: Expiry-Day Risk

Why expiry days are different, and how not to be surprised by them.

About this course

How index options behave around expiry: decay, gamma, liquidity and margin changes, and why expiry-day risk comes mostly from size, not direction.

What you will learn

  • Explain why option prices move so quickly on expiry day
  • Estimate the worst case for a position before entering
  • Recognise liquidity and margin traps
  • Write a pre-expiry checklist and follow it

Learning outcomes describe knowledge and skills. They are not a promise of trading results.

Syllabus

Draft: Draft outline
Module 1Expiry mechanics2 lessons
  1. What changes on expiry day

    Decay, gamma and settlement.

    15 min
  2. Margin and liquidity traps

    Where the surprises come from.

    13 min
Module 2A disciplined approach1 lessons
  1. Pre-expiry checklist

    Decide before the day starts.

    12 min

Before you start

  • Options Greeks and Risk

Your mentor

Derivatives Faculty

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Futures, options and expiry-day risk (placeholder profile)

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Questions about this course

Does this course promise any result?

No. It teaches how the market and the product work and how to manage risk. Results in markets are never guaranteed.

Will I be told what to buy or sell?

No. There are no tips, signals or personal recommendations. You learn to build and judge your own process.

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