According to a circular released by the exchange, the market lot for the Nifty 50 derivative contract will be reduced by half, decreasing from 50 to 25. Similarly, the lot size for the Nifty Financial Services derivative contract will decrease from 40 to 25, while for the Nifty Midcap Select, it will decrease from 75 to 50.

This is because the entire concept of trading options and selecting the right strategies depends upon the concept of volatility & pricing.   

Do you or your friends also face the dilemma of which strike price to choose? In this article, we will try to decode as to which strike price should be the best one to choose.