NISM Series 8 — Equity Derivatives
Futures, options, and the equity derivatives market — required for anyone working as an approved user or sales person on the equity derivatives segment.
Quick info
- Layer
- NISM Certifications
- Track
- NISM Certifications
- Estimated hours
- 70 hrs
- Chapters
- 7
- Exam body
- NISM
- Cost on Trustner
- Free
The full chapter-by-chapter syllabus is published below so you know exactly what you're committing to. Individual lesson pages are being authored progressively over the coming weeks. Bookmark this page or browse all courses.
About this course
Required for sales personnel, dealers, and approved users on the equity derivatives segment. Covers futures, options, the option chain, hedging, and the operational mechanics of derivatives in India.
Who this is for
- Sales and dealer staff at NSE / BSE member firms.
- Active traders seeking a structured derivatives education.
- Investment professionals expanding into options strategies.
What you'll learn
- How forwards, futures, options, and swaps differ — and where each is useful
- Pricing intuition for futures (cost-of-carry) and options (intrinsic + time value)
- Reading an option chain and the four basic strategies
- Margins, mark-to-market, and the daily settlement cycle
- Risk management at the trader and at the firm level
Full syllabus — 7 chapters
- 1Chapter 1
Basics of derivatives
- Forwards, futures, options, swaps
- Underlying, lot size, expiry
- 2Chapter 2
Equity derivatives in India
- Index futures, stock futures, index options, stock options
- Currency derivatives — overview
- 3Chapter 3
Pricing and Greeks
- Cost-of-carry pricing for futures
- Black-Scholes intuition; Delta, Gamma, Theta, Vega
- 4Chapter 4
Strategies and applications
- Hedging, speculation, arbitrage
- The four basic option strategies and their P&L diagrams
- 5Chapter 5
Trading mechanics
- Order types, margins, mark-to-market
- Settlement cycles, physical settlement
- 6Chapter 6
Risk management
- SPAN margin, exposure margin
- Position limits, circuit filters
- 7Chapter 7
Regulatory framework
- SEBI regulations on derivatives
- Code of conduct, investor protection
About the exam
- Provider
- NISM
- Duration
- 2 hrs
- Questions
- 100
- Pass mark
- 60%
- Exam fee
- ₹1,500
Note: Negative marking 25%.
The exam is administered by NISM. Trustner Academy is not affiliated with NISM; we provide independent preparatory educational material. See our disclaimer.
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