Click Here to open a Trading Account with "Zerodha" through us and get FREE Training on Futures and Options Trading Strategies.
ICICI has designed Options Premium Fair Value Calculator. This is very useful for investors to compute whats a fair premium value to buy a Options contract at.

Select "Compute price" in the below link and feed in Volatility (% per annum), Stock price (In Rupees), Strike Price (In Rupees), Duration left, Option Type and select Exercise Type as American. Then Click on the "Compute" button to calculate the fair premium value of a Options contract.