TAIEX Options

Underlying Index, Taiwan Stock Exchange Capitalization Weighted Stock Index ... After-hours trading session: 03:00PM on trading day of TWSE- 05:00AM of the ... skiptomaincontent ::: Home > Products> EquityIndexOptions> TAIEXOptions Products EquityIndexFutures TAIEXFutures Mini-TAIEXFutures Taiwan50Futures F4GTIPTWESGFutures ElectronicsSectorIndexFutures MiniElectronicsSectorFutures FinanceSectorIndexFutures MiniFinanceSectorFutures Non-FinanceNon-ElectronicsSub-IndexFutures ShippingandTransportationSectorFutures(TobelaunchedonJune.27) TaiwanSemiconductor30Futures(TobelaunchedonJune.27) TIPTaiwanBIOFutures TaipeiExchangeStockIndexFutures TPEx200Futures TOPIXFutures DJIAFutures S&P500Futures Nasdaq-100Futures FTSE^®100Futures EquityFutures SingleStockFutures/ETFFutures EquityIndexOptions TAIEXOptions ElectronicsSectorIndexOptions FinanceSectorIndexOptions EquityOptions SingleStockOptions/ETFOptions CommodityFutures TAIFEXGoldFutures TAIFEXNTDollarGoldFutures BrentCrudeOilFutures CommodityOptions GoldOptions FXFutures USD/CNTFXFutures USD/CNHFXFutures EUR/USDFXFutures USD/JPYFXFutures GBP/USDFXFutures AUD/USDFXFutures FXOptions USD/CNTFXOptions USD/CNHFXOptions TAIEXOptions TradingCalendar PositionLimit FinalSettlementPrice TradingRules TradingCostandRelatedCost Margining AnnualTradingVolume  Item  Description UnderlyingIndex TaiwanStockExchangeCapitalizationWeightedStockIndex(TAIEX) TickerSymbol TXO ExerciseStyle European Multiplier NTD50(perindexpoint) ExpirationMonths/Weeks Spotmonth,thenexttwocalendarmonths,andthenexttwoquarterlymonths TheTAIFEXmay,intheregulartradingsessionontheWednesdayinagiventradingweek,addtheweeklyoptionsforwhichtheinitialtradingdayisthegivenWednesdayandthelasttradingdayisthenextWednesday.TheexceptionisthesecondWednesdayofeachmonth. Uponexpirationofnearmonth,newcontractmonthwillbelistedfortradingbeginningonthenextregulartradingsession StrikePriceInterval StrikePrice(K) TheWeeklyOptions TheMonthlyOptions(Spotmonthandthenexttwocalendarmonths) TheQuarterlyOptions(Thenexttwoquarterlymonths) within3%oftheunderlyingindexaboveandbelow others K<3,000255050100 3,000≦K<15,00050100100200 K≧15,000100200200400 Strike(Exercise)Price ForlistingseriesofnewexpirationMonthsorWeeks,orserieswithnewstrikepricesforexistingexpirationdates,TAIFEXshall,basedonthepreviousbusinessday'sclosingpriceoftheunderlyingindex,intheregulartradingsessionconsecutivelyintroduceserieswithnewstrikepricesaccordingtothestrikepriceintervalabove,untilthefollowingconditionsaresatisfied: Fortheweeklyoptions,thehighestandloweststrikepricesshouldcover10percentaboveandbelowtheunderlyingindex. Forthemonthlyoptions,thehighestandloweststrikepricesshouldcover15percentaboveandbelowtheunderlyingindex. Forthequarterlyoptions,thehighestandloweststrikepricesshouldcover20percentaboveandbelowtheunderlyingindex. PremiumQuotation <10points:0.1points(NTD5) >=10points,<50points:0.5points(NTD25) >=50points,<500points:1point(NTD50) >=500points,<1,000points:5points(NTD250) >=1,000points:10points(NTD500) PriceLimits +/-10%ofthelatestclosingpriceoftheunderlyingindex PositionLimit Anyinvestor'saggregateopensame-sidepositionsintheContractforvariousdeliverymonthsandweeksatanytimeshallnotexceedthelimitstandardsannouncedbyTAIFEX. Institutionalinvestorsmayapplyforanexemptionfromtheabovelimitontradingaccountsforhedgingpurposes. Thesepositionlimitsarenotapplicabletoomnibusaccounts,withtheexceptionofundisclosedomnibusaccounts,whichaccountsaresubjecttothelimitsforinstitutionalinvestors. TradingHours TradingdaysarethesameastheregularbusinessdaysoftheTaiwanStockExchange Regulartradingsession:08:45AM-1:45PMTaiwantime,08:45AM-1:30PMonthelasttradingdayfortheexpiredcontract After-hourstradingsession:03:00PMontradingdayofTWSE-05:00AMofthefollowingday;noafter-hourstradingsessiononthelasttradingdayforthedeliverymonthcontract LastTradingDay Fortheweeklyoptions,thelasttradingdayisthenextWednesdayofitslistingday. Forthemonthlyandquarterlyoptions,thelasttradingdayisthethirdWednesdayofthedeliverymonth. ExpirationDay Thesamedayasthelasttradingday FinalSettlementPrice Theaveragepriceoftheunderlyingindexdisclosedwithinthelast30minutespriortothecloseoftradingonthefinalsettlementday.Methodusedtocalculatefinalsettlementprice. Settlement Cashsettlement.Anoptionthatisin-the-moneyandhasnotbeenliquidatedorexercisedontheexpirationdayshall,intheabsenceofcontraryinstructionsdeliveredtotheExchangebytheClearingMemberrepresentingtheoptionbuyer,beexercisedautomatically. Ifthelasttradingdayfallsonaholidayoriftradingcannotproceedonthatdayduetoaforcemajeureevent,thenextbusinessdayshallbethelasttradingday.(PleaserefertoTradingRules.) TAIEXOptionsInformation CalculatingTheoreticalOptionsPrice MethodologyofCalculatingTheoreticalEuropeanOptionsPrice ::: MarketData DailyMarketReport MarketDataofMajorInstitutionalTraders OpenInterestofLargeTraders DailyForeignExchangeRates HistoricalDataApplicationForm DataDownload InformationVendors TAIFEXReal-TimeSnapshotQuotes InformationofTradingHaltofSingleStockFuturesandEquityOptions Trading TradingScheme FeeSchedule ElectronicTradingSystem PositionLimit RegisterofFCMs,IBs,andOthers TradingCalendar SingleStockFuturesandOptionsInformation TradingSafeguard Clearing ClearingMechanism Margining SafeguardSystem QualifyingCentralCounterparty(QCCP)Disclosure ClearingforClearingMembership ClearingMembers PositionManagement TheFinalSettlementPrice NoticeforForeignCurrencyDenominatedContractsSettlement SettledPositionsofContractsonExpirationDate FeeSchedule Productsexemptedandnotexemptedfromliquidationonbehalfofaprincipalintheafter-hoursession QuantitativeDisclosure Statistics MemberDailyVolumeReport MemberWeeklyVolumeReport MemberMonthlyVolumeReport MemberYearlyVolumeReport HighlightsofAnnualTradingVolume HighlightsofMarketParticipants MonthlyTradingStatistics–byProductCategoryandParticipant TradingStatistics–byBrokerandDealer TradingStatistics–byParticipant PreviousMonth'sDailyTradingStatistics–byProduct TAIEXOptionsVolatilityIndexDownload TAIEXOptionsVolatilityIndexQuotes MarketStatistics News Notices PressReleases SingleStockFuturesandOptionsContractAdjustment HistoricalDataQuery DailyMarketReport RSSFeeds PrivacyStatement  Disclaimer  InformationSecurity..  PersonalInformation..  BusinessContinuity..  TAIFEXWhistle-blowing..  SexualHarassment..  RSS