APLAPOLLO
Futures
APL Apollo Tubes Limited (Metals & Mining) — near-month futures price, basis to spot, open interest, contract specs and the APLAPOLLO options picture.
APLAPOLLO futures snapshot
APL Apollo Tubes Limited (APLAPOLLO) near-month futures last settled at ₹1,871.60, up 0.57% on the day. Against a spot of ₹1,874.00, the contract is trading at a discount of ₹2.40 (0.13%). A futures premium typically reflects the cost of carry (financing minus dividends); a persistent discount can signal bearish positioning, heavy hedging or an upcoming dividend. One lot is 350 shares, a contract value of about ₹655,060.
APLAPOLLO derivatives snapshot
On the options side, APLAPOLLO's nearest expiry (2026-06-30) shows a put-call ratio of 0.84, max pain at 1,860 and an ATM implied volatility of 31.6%. The heaviest call open interest sits at 1,900 (resistance) and the heaviest put OI at 1,800 (support). See the full APLAPOLLO option chain.
Contract specifications
| Exchange & segment | NSE — Equity Futures (F&O) |
| Sector | Metals & Mining |
| Lot size | 350 shares |
| Approx. contract value | ₹655,060 |
| Expiry | Monthly (last Thursday) — near, next & far series |
| Settlement | Cash settled |
How APLAPOLLO futures work
A APLAPOLLO futures contract is an agreement to buy or sell 350 APLAPOLLO shares at a set price on a future date. You don't pay the full contract value — only a margin (the exchange's VaR + ELM), which is what gives futures their leverage. Work out the exact figure with the equity margin calculator.
Two ideas matter most: basis (futures minus spot, which converges to zero by expiry) and rollover (moving a position to the next series as expiry nears — heavy rollover with rising OI signals continued interest). Positions are marked-to-market daily, so profit and loss settle into your account each session.
Futures vs options on APLAPOLLO
Futures give linear, leveraged exposure with unlimited profit and loss; options let you define risk (a buyer's loss is capped at the premium) and express views on volatility. Many traders use the APLAPOLLO option chain for the OI walls and sentiment, then trade futures or options around those levels. Size any trade with the position size calculator.
Track APLAPOLLO live
Live APLAPOLLO futures, option chain, OI, PCR and max pain with AI commentary — free to start on TradePulse.