Alert: F&O contracts on PFIZER to stop from 29-Apr-22
Do you know that the stocks have to fulfill certain eligibility criteria to trade under F&O?
SEBI has laid down certain eligibility criteria for the selection of stocks to trade in the F&O segment (Read here to know the criteria for the inclusion of stocks in the F&O segment)
Once a security is included to trade in the F&O segment, it has to continue to meet the eligibility criteria to remain in the F&O segment. If any existing security under F&O fails to meet the eligibility criteria consecutively for 3 months, then a fresh month contract will not be issued on that security.
PFIZER has recently been excluded from the F&O segment for not meeting the eligibility criteria.
As per a recent NSE circular, the PFIZER contracts for new expiry months will not be issued on the expiry of existing contract months:
However, the existing unexpired contracts of expiry months Mar-22 and Apr-22 will be available for trading till their respective expiry and new strikes can also be introduced in the existing contract months.
Accordingly, no contracts will be available for trading with effect from 29-Apr-22.
Please take appropriate action as needed.
For more information, refer