Options

Option Symbol

A standardized code encoding an Options contract's underlying, expiry, strike price, and type (CE/PE) — e.g., "NIFTY 25JAN 24000 CE."

An option symbol is a standardized format used by Indian exchanges to unambiguously identify a specific Options contract, encoding: Underlying, Expiry, Strike Price, and Option Type (CE for Call, PE for Put) — for example, “NIFTY 25JAN 24000 CE.”

See a full step-by-step decoding walkthrough in Options Terminology Explained: Strike Price, Premium, Expiry, Lot Size.