Products
- Equity Index Futures
- TAIEX Futures
- Mini-TAIEX Futures
- Micro TAIEX Futures
- Taiwan Mid-Cap 100 Futures(The listing date is still awaiting approval)
- F4G TIP TW ESG Futures
- Electronics Sector Index Futures
- Mini Electronics Sector Futures
- Finance Sector Index Futures
- Mini Finance Sector Futures
- Non-Finance Non-Electronics Sub-Index Futures
- Shipping and Transportation Sector Futures
- Taiwan Semiconductor 30 Futures
- TIP Taiwan BIO Futures
- Taipei Exchange Stock Index Futures
- TPEx 200 Futures
- TOPIX Futures
- DJIA Futures
- S&P 500 Futures
- Nasdaq-100 Futures
- PHLX Semiconductor Sector Futures
- FTSE<sup>®</sup> 100 Futures
Products
TAIEX Options
Item | Description | |||||||||||||||||
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Underlying Index | Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) | |||||||||||||||||
Ticker Symbol | TXO | |||||||||||||||||
Exercise Style | European | |||||||||||||||||
Multiplier | NTD 50 (per index point) | |||||||||||||||||
Expiration Months / Weeks | Spot month, the next two calendar months, and the
next two quarterly months The TAIFEX may, in the regular trading session on the Wednesday in a given trading week, add the weekly options for which the initial trading day is the given Wednesday and the last trading day is the second Wednesday following the initial trading day. The exception is the first Wednesday of each month. Upon expiration of near month, new contract month will be listed for trading beginning on the next regular trading session |
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Strike Price Interval |
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Strike (Exercise) Price | For listing series of new expiration Months or Weeks,
or series with new strike prices for existing expiration
dates, TAIFEX shall, based on the previous business day's
closing price of the underlying index, in the regular trading
session consecutively introduce series with new strike prices
according to the strike price interval above, until the
following conditions are satisfied:
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Premium Quotation |
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Price Limits | +/- 10% of the latest closing price of the underlying index | |||||||||||||||||
Position Limit |
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Trading Hours | Trading days are the same as the regular business
days of the Taiwan Stock Exchange
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Last Trading Day | For the weekly options, the last trading day is the
second Wednesday following its listing day. For the monthly and quarterly options, the last trading day is the third Wednesday of the delivery month. |
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Expiration Day | The same day as the last trading day | |||||||||||||||||
Final Settlement Price | The average price of the underlying index disclosed within the last 30 minutes prior to the close of trading on the final settlement day.Method used to calculate final settlement price. | |||||||||||||||||
Settlement | Cash settlement. An option that is in-the-money and has not been liquidated or exercised on the expiration day shall, in the absence of contrary instructions delivered to the Exchange by the Clearing Member representing the option buyer, be exercised automatically. |
If the last trading day falls on a holiday or if trading cannot proceed on that day due to a force majeure event, the next business day shall be the last trading day. (Please refer to Trading Rules.)
TAIEX Options Information
Calculating Theoretical Options Price |
Methodology of Calculating Theoretical European Options Price |