Getting Started with F&O on Firstock
- Open a Firstock Trading & Demat Account
- Activate F&O Segment
- Submit income proof (6 Months Bank statement or ITR/ salary slip, etc.)
- Accept risk disclosures
- Login & Trade
- Fund your account, Search F&O contracts & place orders
- Monitor positions and square off before expiry if needed
FAQ
- Call Option: Gives the buyer the right to buy the underlying asset.
- Put Option: Gives the buyer the right to sell the underlying asset.
In Futures, both parties have an obligation under the contract. In Options, the buyer has a right but generally no obligation, while the option seller takes on the obligation if the buyer exercises the option.
The strike price is the predetermined price at which the underlying asset can be bought or sold under an options contract.
The expiry date is the date on which an F&O contract expires. After expiry, the contract is settled according to the applicable exchange rules.