Difference between look like similar options

Hi all,

Good morning.

I have a doubt regarding some options scrip codes I saw in my Sharekhan site.

I see that NIFTY~O:1-Mon:CE:6000 is of the price 65 , but NIFTY~O:2-Mon:CE:6000 is of the price 154 and NIFTY~O:4-Mon:CE:6000 is of the price 290. I dont understand what this prices mean. I could see the only change in these scrips being 1,2 or 4 in the middle of the scrip. Please let me know what does these scrips mean.

Thank you.

Regards,
Manoj

Isn't it obvious that, 1:Mon , 2:Mon stand for 1 Month, 2 Month respectively meaning the Option Expiry Period. Options expiring further in time are costlier because they have more Time Value (since larger time to expire means more probability of larger movement).

You can have a look at complete Nifty Option chain here
http://www.nseindia.com/marketinfo/fo/optionKeys.jsp?symbol=NIFTY&instrument=OPTIDX&date=30DEC2010

Hi Aditya,

Thanks for your reply. I still have a doubt. If the scrip with NIFTY~O:1-Mon:CE:6200 expires for the month, then a scrip which has the scrip name NIFTY~O:2-Mon:CE:6200 will get changed to NIFTY~O:1-Mon:CE:6200?

If not, then how a call with NIFTY~O:2-Mon:CE:6200 can be placed in the next month?

Please educate me.

Thanks,
Manoj