|
|
 Home > Products Specifications & Margin
KOSPI200 Options
| |
SPECIFICATION |
Underlying Asset |
KOSPI 200 Index |
Trading Unit |
One contract |
Contract Months |
The three consecutive near months plus one nearest from the quarterly cycle (March, June, September and December) |
Trading Hours |
- 09 : 00 ~ 15 : 15 (Monday - Friday)
- 09 : 00 ~ 14 : 50 (Last trading day) |
Exercise Style |
European |
Multiplier |
KRW 100,000 |
Tick Size & Value |
- 0.05 point (KRW 5,000) for 3 point or more of premium
- 0.01 point, (KRW 1,000) for less than 3 point of premium |
Options Strike Interval |
- 5.0 points for the contract months from the quarterly cycle
- 2.5 points for the others |
Last Trading Day |
Second Thursday of the contract month |
Final Settlement Day |
The following day of the last trading day |
Settlement Method |
Cash settlement |
Circuit Breakers |
- When the lead month contract hits ±5% of the previous closing price for 1 minute, and the difference between the current price and the theoretical price is ± 3% or more, the trading of all contracts are halted for next five minutes. For the next ten minutes following the cooling-off period, orders are collected and then matched at a single price. As well, the futures and options markets are automatically suspended if the stock market is halted. Trading in the stock market is halted for twenty minutes if the KOSPI falls 10% or more from the previous closing value and this continues for one minute or longer. |
Listing Date |
July 7, 1997 |
|
