Risk Disclosure

Trading in options, futures and other derivatives carries a high risk of loss and is not suitable for every investor. Expiry day is the single riskiest point in a contract's life.

• Option buyers can lose 100% of the premium paid, often rapidly, as time decay (Theta) accelerates into expiry.
• Option sellers face large, and in some cases theoretically unlimited, losses that can exceed the premium received, amplified by exploding gamma near expiry.
• Physical-settlement (stock) options that finish in-the-money can trigger a delivery obligation requiring full contract-value funds — a common and expensive expiry surprise.
• Pin risk near a strike means you may not know until after the close whether you were assigned.
• Past performance and illustrative examples do not indicate future results.

Studies by regulators, including SEBI, have found that a large majority of individual F&O traders lose money. Never trade with money you cannot afford to lose, and understand settlement before you hold to expiry. This site is educational only — see our SEBI Disclaimer.

Last updated 11 July 2026.