Data to 5 October 2026
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How much speculation is there?

Options premium against cash turnover

0.45×
× cash turnover, Sept 2026

Inside its usual range of 0.11× to 0.57×. The record is 1.31×, in March 2023. Down from 0.50× a year ago.

202020250.00×0.20×0.60×0.80×1.00×1.20×1.40×1.31×, Mar 2023usual range, 0.11× to 0.57×0.45×2016201820202022202420260.00×0.20×0.60×0.80×1.00×1.20×1.40×1.31×, Mar 2023usual range, 0.11× to 0.57×0.45×2016201820202022202420260.00×0.20×0.40×0.60×0.80×1.00×1.20×1.40×1.31×, Mar 20230.07×, Mar 2017usual range, 0.11× to 0.57×0.45×2016201820202022202420260.00×0.20×0.40×0.60×0.80×1.00×1.20×1.40×1.31×, Mar 2023usual range, 0.11× to 0.57×0.45×

What it is. Premium paid for options in the month, against the value of shares traded.

How to read it. The best single gauge of option speculation. Most option buyers lose money, and SEBI tightened the rules in late 2024 when this kind of activity peaked.

Source: NSE business growth Method Data

The numbers

Latest0.45×Sept 2026
A week ago0.35×
A month ago0.42×
A year ago0.50×
Usual range0.11× to 0.57×
Median0.23×
Lowest0.07×31 Mar 2017
Highest1.31×31 Mar 2023
Percentile, full history61
Percentile, last 5 years11

The usual range is the middle half of readings since 2015. A percentile is the share of the 138 readings since 30 Apr 2015 that were below today's. Data: statistics, history (JSON); history as CSV.

To cite: tipsheet, “Options premium against cash turnover”, data to Sept 2026, https://tipsheet.markets/i/options-premium-to-cash/

Read it with

Margin book as a share of market value 32 bpsrecord high
Index options put-call ratio 0.98usual
Margin-trading book ₹1.5 lakh crbelow its record
Foreign investors' long share of index futures 8%below usual
IPO heat 0.77above usual
Median IPO listing-day gain, last 3 months 15%usual

the usual range: the middle half of all readingstodayEach line runs from the lowest reading ever to the highest.