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Time value ka aakhri hafta, aur out of the money option ka anjaam
Published by The Retail Trader · JUL 31, 2026 · Derivatives (F&O)
Option ka premium do hisson se banta hai — intrinsic value aur time value. Expiry ke paas time value tezi se gayab hoti hai, aur yahi wo baat hai jo aakhri hafte ko baaki hafton se alag banati hai.
Time value ka kshay linear nahi hota. Wo shuru mein dheere aur expiry ke paas bahut tez hota hai, isliye ek hi din mein premium ka bada hissa nikal sakta hai.
Isi wajah se out of the money options expiry ke din aksar lagbhag zero par aa jaate hain, chahe underlying thoda aapke favour mein hi kyun na ho.
Ye baat buyer aur seller dono ke liye ek jaisi nahi hai:
• Buyer ke liye aakhri hafta sabse mushkil hai — direction sahi ho kar bhi paisa ja sakta hai.
• Seller ke liye decay favourable hai, par gamma risk bhi sabse zyada wahi hai.
• Ek badi move seller ke kai hafton ka faayda ek din mein le sakti hai.
• Isliye decay ko free income samajhna sabse mehnga assumption hai.
Sasta lagne wala far out of the money option sasta isliye hai kyunki uske profit ka chance kam hai — wo bargain nahi hai, wo probability hai. Lottery ticket ke bhaav se kabhi ye nahi pata chalta ki jeetne ka chance kitna hai.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.