What is the meaning of lot size in derivatives contract?
Each derivative contract, whether OTC or Exchange Traded, would have contract specifications. One such specification would be in the context of the quantity to be bought or sold as per contract. This quantity is called contract size or lot size. The lot size would be different for different derivative securities. For e.g. an equity derivative on stock A might have 300 shares as lot size whereas an equity derivative on stock B might have 100 shares as lot size.
You can check the lot size of derivatives contract on ICICIdirect.com under the F&O tab by logging into your account.
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