NSE · Derivatives · Low

NSE adjusts UNIONBANK F&O contracts for ₹5 dividend, effective July 3

Strike prices revised downward by ₹5 across option ladder. A routine mechanical adjustment, with members required to load updated contract files.

01 Jul 2026 Effective July 3, 2026 Affects: Traders and clearing members holding or trading UNIONBANK F&O contracts.

What changed

UNIONBANK option strike prices reduced by ₹5 per share due to dividend.
Adjustment applies to contracts expiring July 28, 2026.
NSE issues updated contract and spread files for members to load.

The read

NSE adjusted UNIONBANK F&O contracts for a ₹5 dividend. Strike prices are revised downward by ₹5: for example, ₹140 becomes ₹135, keeping contracts economically neutral post ex-date. The adjustment is purely mechanical, affecting only options expiring July 28, and requires members to load updated contract files before trading on the ex-date. No market-wide impact.

UNIONBANKUnion Bank of India₹5 dividend

Primary source: official circular (PDF)