[00:02] Contracts don't mean anything real. Welcome today to episode 72 of the Learn Trading Welcome today to episode 72 of the Learn Trading series. Now what is the option? Now you know that there is a thing called call in option trading. There is something called a put. [00:15] If the market goes up, I would make a profit if you have bought a call. So the call can go up as well, the call can go down as well. The put can go down dimensional. I just told you the difference. So CE means [00:30] that the brother trader is betting. The trader is anticipating that the price will go up. Suppose the price goes up then you will make profit. Suppose the price goes down then you will incur a loss. This is the story of CE. When does the PE man buy? When he feels [00:43] that the market will go down. Whenever the market goes down, you bought PE and you will make profit. And anytime you buy PE and the market goes up, you make a loss. So how do you buy CE? Write Nifty C. Yes, let's write Nifty C. [00:55] But Nifty options do not have a single format. Look, let me explain the format to you. written like this. Nifty CE is written. After this, its strike price is written and its expiry is written next to it. It has a lot of volume. [01:09] Earlier there used to be weekly in Bank Nifty etc. and then in Nifty also. Now after closing everything, Nifty Sussex has been made weekly. Every Tuesday one will expire. It will What will happen if it ends? A lot will happen because theta gets lost. [01:22] lot will happen because theta gets lost.