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Index Futures Calendar and Jelly

The Jelly view shows two kinds of live calendar spread for Indian indices: futures month spreads for NIFTY, SENSEX and BANKNIFTY, and the jelly, a 4-leg ATM (at-the-money) synthetic calendar, for NIFTY and SENSEX. Every value is computed from the live bid and ask of each leg.

ShowsFutures-to-futures month spreads and 4-leg ATM synthetic calendars (jelly)
LayoutTwo sections of cards, one card per index; each row has a Buy and a Sell value
PricingLive bid and ask of every leg
InstrumentsFutures Calendar: NIFTY, SENSEX, BANKNIFTY. Jelly: NIFTY, SENSEX
UpdatesStreams live during market hours
HistorySpread chart with 1D, 7D, 15D and 30D windows in the side panel
Open itquintalmind.com/sheets → Jelly

What "jelly" means​

A synthetic future is a call and a put at the same strike and expiry. Buying the call and selling the put behaves like buying a future. Selling the call and buying the put behaves like selling one.

A jelly puts two synthetic futures in different expiries against each other. It is a calendar spread made of options instead of futures. All four legs use the ATM strike shown on the card.

Buy Jelly for a near expiry N and a later expiry F:

  • Buy 1 put at ATM, expiry N
  • Sell 1 call at ATM, expiry N
  • Buy 1 call at ATM, expiry F
  • Sell 1 put at ATM, expiry F

Sell Jelly flips every leg.

What you see​

Futures Calendar​

One card per index, with the front future's price in the header. Each row is a month pair (M1-M2, M2-M3 and M1-M3 when three monthly futures trade):

  • Buy = near future bid − far future ask (sell the near month, buy the far month)
  • Sell = far future bid − near future ask (the reverse)

A negative Buy value means you pay to enter.

Jelly​

One card each for NIFTY and SENSEX. The header shows Spot · ATM, and a Fut − Spot line shows the futures basis for each month.

The default rows use the option expiries of one month. If the current month has two or more expiries, it uses this month; if it has only one, it moves to the next month. Each earlier expiry is paired with the last expiry of that month, and the nearest-to-next pair is added when there is room, up to three rows. The fourth row is a custom pair: pick a short and a long option expiry from the two dropdowns.

How to use it​

  1. Sign in with your broker at quintalmind.com and open Sheets.
  2. In the left panel, under the index table, click Jelly.
  3. Read the Futures Calendar and Jelly cards. Set the custom row with the short and long dropdowns.
  4. Click any Buy or Sell value. A panel slides in with the legs, the Mid, Legs apart and Near expiry days, the spot, and the margin for the basket.
  5. Use Buy Jelly / Sell Jelly (or Buy Spread / Sell Spread) in the panel to switch sides.
  6. In Historical, pick 1D, 7D, 15D or 30D. Scroll on the chart to zoom. The dashed lines are the median and ±1σ. Use the expand button to open the full chart.

FAQ​

What is a jelly spread in Nifty options?​

A jelly is a calendar spread built from options instead of futures. It sells a synthetic future (sell call, buy put) at the ATM strike in one expiry and buys a synthetic future (buy call, sell put) at the same strike in a later expiry. That is four option legs in total.

Where can I see live Nifty futures calendar spread prices?​

On the Jelly view of the Quintal Mind Sheets page. The Futures Calendar section shows live month-to-month futures spreads for NIFTY, SENSEX and BANKNIFTY.

Why is there no jelly card for BANKNIFTY?​

BANKNIFTY has only monthly option expiries, so there is no pair of expiries inside one month to price a jelly. BANKNIFTY appears in the Futures Calendar section only.

Are jelly prices based on LTP or bid and ask?​

Bid and ask. Every leg is priced at the side you would trade on, so the Buy and Sell values show the cost of crossing the spread.

Quintal Mind shows market data and analytics for information only. Nothing here is investment advice, and Quintal Mind does not place orders.

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