The operation of index options is based on the idea of a premium, a strike price, and an expiration date. 1. Underlying Asset: The underlying asset for an index option is a stock market index, such as the Nifty 50 or Bank Nifty. The option contract's value is based on the movement of this index. 2. Call Options Vs. Put Options: Call Option: Provides the buyer with the option to pur... https://topcollegesadmission.in/college-list/mca/pune