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F&O Expiry Explained — Complete Guide (Hindi)

F&O expiry kya hai, weekly vs monthly expiry, expiry day trading — complete Hindi guide.

Published by The Retail Trader · AUG 06, 2026 · Features

F&O expiry kya hai, weekly vs monthly expiry, expiry day trading — complete Hindi guide.

F&O Expiry Kya Hai?

F&O expiry ka matlab hai ki futures ya options contract ka last din — us din ke baad contract settle hota hai.

Expiry Schedule:
• Nifty Weekly: Every Thursday
• Bank Nifty Weekly: Every Wednesday
• Stock F&O: Last Thursday of month
• Nifty Monthly: Last Thursday of month

Expiry Day Characteristics

Ye paanch baatein dhyaan mein rakho:
• Premium decay — Maximum theta loss
• Volatility — Very high (gamma risk)
• Volume — 3-5x normal
• Max Pain — Market gravitates toward it
• Spread — Wide (low liquidity)

Expiry Day Strategies

Strategy 1: Sell ATM Straddle:
• Sell ATM Call + ATM Put
• Profit from rapid time decay
• Stop loss essential (unlimited risk)

Strategy 2: Iron Condor (Limited Risk):
• OTM Call spread + OTM Put spread
• Defined risk, defined reward
• Best for range-bound expiry

Strategy 3: Max Pain Trading:
• Identify Max Pain level
• Trade toward Max Pain
• 70-80% accuracy on Nifty

Risk Management (Expiry Day)

Ye chaar baatein dhyaan mein rakho:
• Max risk per trade — 1%
• Position size — Half of normal
• No new entries — After 2:30 PM
• Close all positions — By 3:15 PM

Cheat Sheet

Ye baatein dhyaan mein rakho:
• 📌 F&O EXPIRY QUICK REFERENCE
• SCHEDULE:
• 📊 Nifty Weekly: Thursday
• 📊 Bank Nifty Weekly: Wednesday
• 📊 Stock F&O: Last Thursday
• CHARACTERISTICS:
• 📊 Maximum theta decay
• 📊 High gamma risk
• 📊 Volume 3-5x normal
• 📊 Max Pain gravity
• STRATEGIES:
• ✅ Sell ATM straddle
• ✅ Iron condor
• ✅ Max Pain trading
• ✅ Scalping (experienced only)
• RISK:
• 💰 Max 1% risk per trade
• 💰 Half position size
• 💰 No entries after 2:30 PM
• 💰 Close by 3:15 PM
• AVOID:
• ❌ OTM options hold till expiry
• ❌ ATM straddle without stop loss
• ❌ New strategy on expiry day
• ❌ Averaging down

Aage Kya Padhein?

Ye chaar baatein dhyaan mein rakho:
• Option Chain Kaise Padhein?
• Option Greeks Kya Hain?
• Iron Condor Strategy
• Implied Volatility Kya Hai?

The Retail Trader — educational market analysis. Not investment advice.

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.

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