Why are the PUT options way cheaper than the call options for the long term expiry?
For Eg: 24000CE is trading at 2000 whereas 24000PE is trading at 791 at the moment. why is this disparity?
No, they are equal-ish, but you need to check the row corresponding to the Future price of expiry date, not the current spot price.
@srinivasr You are checking for December 2025 options which have almost 360 days for expiry. The correct matric to check would be Put Call Parity. PFA the tentative calculations
PS: This is one of the method to estimate the spread in NIFTY Contracts and establish an arbitrage between Actual Futures and Synthetic Futures.