--- title: "Are there 0DTE options in India, and can I sell options on" description: "Yes, a weekly contract has zero days to expiry on the day it expires, so Nifty weekly options on their expiry day are 0DTE." source_url: "https://www.rupeecase.com/learn/questions/zero-dte-options-india" --- On expiry day the payoff of a short dated option is a sharp bend at its strike, not a slope Profit and loss for one lot of a bought call on the 16 Jun 2026 weekly, bought at the settle price of 10 Jun 2026. The lines show the same position three days before expiry and at expiry. Source: NSE end of day data, computed by RupeeCase. As of 10 Jun 2026. A 0DTE option has no days left before expiry on the day it trades. Nifty weekly options expire on Tuesdays, so on a Tuesday the weekly contract is 0DTE for that session. The chart shows a call bought on the 10 Jun 2026 chain against the 16 Jun 2026 weekly, drawn at three days before expiry and at expiry. On expiry day an option is worth only its intrinsic value at settlement, which for expiries before 7 Dec 2026 is the index close. Its time value collapses through the session, so the price moves in steps near the strike. A buyer needs the index to cross the strike and stay across it at the close, which is a narrow test that is decided fast. Selling on expiry day is a different risk. Gamma is highest for at the money strikes, so the position's delta can change sharply within minutes. SEBI's circular of 1 Oct 2024 added 2% extra margin on short options expiring that day and removed the calendar spread offset. A short seller keeps the premium only if the close stays inside the band. Expectancy is the test that matters. A cheap far out strike pays a large multiple of its price on a steep move, and that is why it draws attention. Most of the time the same strike expires worthless. Expectancy adds both outcomes together, after STT on a sale and on exercise, exchange fees and brokerage. SEBI's Aug 2026 study found that 87.7% of individual F&O traders made a net loss in FY26. It counts traders over the year, not expiry day trades, so it does not measure 0DTE alone. **Before you trade.** Derivatives trading carries a high risk of loss. SEBI's study "Profitability of Individual Traders in the Equity Derivatives Segment (FY25 to FY26)" (August 2026) found that 87.7% of individual traders in equity F&O made net losses in FY26, with aggregate net losses of Rs 91,685 crore. [Read the SEBI study](https://www.sebi.gov.in/reports-and-statistics/research/aug-2026/study-profitability-of-individual-traders-in-the-equity-derivatives-segment-fy25-fy26-_103835.html) Are there 0DTE options in India, and can I sell options on expiry day?Yes, a weekly contract has zero days to expiry on the day it expires, so Nifty weekly options on their expiry day are 0DTE, but a short dated contract is not a shortcut. Selling on expiry day carries the highest gamma and extra margin, and a far out strike that pays on a steep move does not by itself show a positive expectancy. Wrong as stated. Cheap and fast does not mean positive expectancy. The payoff is a rare large gain set against a common full loss of the premium, with costs on both sides of the trade. LGo deeper ## Where Learn teaches this. [Go deeperExpiry and settlement: cash, physical, exercise and STT8 min, Beginner](/learn/path-14/module-14-6-expiry-and-settlement)[Go deeperExpiry day: gamma, theta, settlement and the rules10 min, Intermediate](/learn/path-17/module-17-12-expiry-day)[Try itGreeks calculatorDelta to rho, and vanna to colour in expert mode, from one Black 76 engine.](/learn/tools/greeks-calculator) SSources ## Go to the source. 4 sources, NSE the most cited The publisher of each source listed below. Source: Module undefined source list. 1. [NSE option chain page (this page reads dated end of day files only)](https://www.nseindia.com/option-chain) NSE 2. [NSE, equity derivatives contract specifications (expiry cycle, lot size and strike rules)](https://www.nseindia.com/static/products-services/equity-derivatives-contract-specifications) NSE 3. [SEBI, Profitability of individual traders in the equity derivatives segment, FY25 to FY26 (Aug 2026)](https://www.sebi.gov.in/reports-and-statistics/research/aug-2026/study-profitability-of-individual-traders-in-the-equity-derivatives-segment-fy25-fy26-_103835.html) SEBI 4. [SEBI circular of 1 Oct 2024, Measures to strengthen the equity index derivatives framework (extra margin on expiry day, para 5.6)](https://www.sebi.gov.in/legal/circulars/oct-2024/measures-to-strengthen-equity-index-derivatives-framework-for-increased-investor-protection-and-market-stability_87208.html) SEBI ?Questions people ask ## Related questions. [QuestionDo expiry day setups like the 9:20 straddle or "hero zero" work?Intermediate, trap check](/learn/questions/expiry-day-strategies)[QuestionWhat happens on expiry day?Beginner](/learn/questions/what-happens-on-expiry-day)[QuestionWhat is theta decay, and how fast is it on expiry day?Beginner](/learn/questions/theta-decay-on-expiry)[QuestionWhy is Nifty expiry on Tuesday and Sensex on Thursday, and why no Bank Nifty weekly?Beginner](/learn/questions/expiry-days-nifty-sensex)[QuestionCan an option buyer lose more than the premium, and can I hold options to expiry?Beginner](/learn/questions/can-option-buyer-lose-more) [All 130 questions](/learn/questions/) Explore next ## Go deeper on this question. * [QuestionIs there a "sure shot" option strategy with 90% accuracy?A short answer with a dated chart](/learn/questions/sure-shot-option-strategy) * [QuestionWhat happens to options around Budget day and results day?A short answer with a dated chart](/learn/questions/budget-day-option-strategy) * [ToolOption payoff builderLegs on a dated Nifty chain, breakevens and charges](/learn/tools/payoff-builder) * [GlossaryInvesting glossary, 230 termsPlain word definitions, and the app’s own](/learn/glossary) Community ## Join my WhatsApp group. Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me. New to RupeeCase? [Getting started](/getting-started) [See the terminal](/terminal) [Sign up for RupeeCase](https://invest.rupeecase.com/signup) [Join the WhatsApp group](https://forms.gle/C6HMtM1Z2GfeocQV7) [One form, one group](https://forms.gle/C6HMtM1Z2GfeocQV7)Scan with your phone camera Education only, not investment advice, a research report or a recommendation to buy, sell or hold any security. RupeeCase (QC Alpha Technologies Pvt Ltd) is not registered with SEBI as an investment adviser or research analyst. Contracts and prices shown are for illustration only, come from NSE end of day files at least 30 days old, and are not recommendatory. Derivatives trading carries a high risk of loss.