The exchange has received approval from the IFSCA to launch these one-day wonders
At a time when the market regulator is contemplating ending weekly options and pushing for long-term derivatives, famously known as LEAPS, the NSE International Exchange (NSE-IX) based in GIFT City has announced the launch of zero-day-to-expiry (0DTE) options contracts on the Nifty 50 Index.
Trading in these contracts will begin from October 13. The exchange has received approval from the International Financial Services Centres Authority (IFSCA) to launch these one-day wonders.
0DTE options
The 0DTE options contracts are structured with weekly expiries on each day of the week, Monday through Friday. This feature makes NSE-IX the first exchange in India to offer international investors such an instrument, designed to meet the needs of modern trading strategies that demand agility, precision and cost efficiency, the bourse said.
The introduction of 0DTE derivatives offers a cost-effective and efficient tool for short-term risk management, enabling broader participation from investors across diverse capital bases and risk profiles.
“Their rapid pace and responsiveness make them especially attractive to high-frequency trading (HFT) and quantitative strategy desks, which rely on agility to capture short-term opportunities,” it further added.
At the same time, the accessibility and affordability of these contracts open new avenues for retail investors, including non-resident Indians (NRIs) and overseas citizens of India, to participate more actively in India’s flagship index through GIFT IFSC.
On each trading day, the applicable 0DTE options contracts shall expire at 3.30 pm IST. Additionally, new 0DTE options contracts, as applicable, should be made available for trading after 3.30 pm IST, ensuring that five serial weekly expiry contracts remain available for trading at all times, with a new contract introduced on each trading day, as per NSE-IX circular.
Who can trade
According to NSE-IX, any trading member Indian/foreign registered or non-registered with their domestic regulator by setting up its office through subsidiary/branch model can start trading in the Gift Nifty products by taking membership of NSE-IX.
Participants like NRIs, foreign portfolio investors and eligible foreign investors can trade in these products by becoming the client of trading member of NSE-IX.
However, desi residents are not eligible to trade in this product. Indian retail investors can only invest in NSE-IX receipts (US stocks) under liberalised remittance scheme (LRS) route by becoming the client of trading member of NSE-IX. There is an exclusive product called unsponsored depository receipts through which a resident Indian can purchase US stocks under LRS.
To whom it suits
The product is suitable for high conviction trades which means that a trader can identify the precise movement of the underlying securities. In overseas market, it is popular among option writer (seller) who benefit from the rapidly decaying premium. Also, traders can employ complex strategies such as iron butterfly or iron condor that use multiple options through these contracts. Currently, global indices such as S&P 500, Nasdaq 100, Russell 2000 index, EURO Stoxx 50 and DAX index have same-day expiry options.
Various reports suggest that 0DTE options are gaining popularity among retail investors in the developed markets. Domestic investors who wish to trade in this dream product may have to wait for a very long time. It is also possible that this may never happen given the weak understanding of many option traders about derivative products.
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Published on October 10, 2025
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