MCX is introducing Options on Futures with Silver Mini (5 KG) as underlying from 19th July 2021
Contract Specification -
| Exchange | MCX | ||||
|---|---|---|---|---|---|
| Contract | Silver Mini (SilverM) | ||||
| Product | SilverM Options | ||||
| Underlying | SilverM futures of that particular month | ||||
| Trading Units | 5 Kg | ||||
| Underlying Quotation | Re 1 per every 1 KG | ||||
| Minimum Tick Size | Rs 0.5 | ||||
| Strike Interval | 250 | ||||
| Margins | SPAN + ELM (Extreme Loss Margin) for Short options and Premium for Long options | ||||
| Additional/Special Margin | Decided by MCXCCL from time to time | ||||
| Expiry | Three business days prior to the first business day of Tender Period of the underlying futures contract. |
||||
| Pre-Expiry Margin (Devolvement Margin) |
Applicable on all ITM and CTM (Long Options) beginning from 1 day to expiry | ||||
| Due Date Rate (Final Settlement Price) |
Daily settlement price of underlying futures contract on the expiry day of options contract. | ||||
| Settlement Type | Based on option position, all exercised will be devolved into futures of same month expiry |
Contract Details -
| Particulars | Dates | Dates | Dates | Dates | Dates |
|---|---|---|---|---|---|
| Contract | Silver Mini Option 20 August 2021 | Silver Mini Option 19 November 2021 | Silver Mini Option 17 February 2022 | Silver Mini Option 20 April 2022 | Silver Mini Option 21 June 2022 |
| Underlying Futures Contract | Silver Mini 31 August 2021 |
Silver Mini 30 November 2021 |
Silver Mini 28 February 2022 |
Silver Mini 29 April 2022 | Silver Mini 30 June 2022 |
| Contract Start Date | July 19, 2021 | July 19, 2021 | July 19, 2021 | July 19, 2021 | July 19, 2021 |
| Option Contract Expiry Date | August 20, 2021 | November 19, 2021 | February 17, 2022 | April 20, 2022 | June 21, 2022 |
For more details -
