|Underlying Index||Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX)|
|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 next Wednesday. The exception is the second Wednesday of each month.
Upon expiration of near month, new contract month will be listed for trading beginning on the next regular trading session
|Strike Price Interval||
|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:
|Price Limits||+/- 10% of the latest closing price of the underlying index|
Trading days are the same as the regular business days of the Taiwan Stock Exchange
|Last Trading Day||For the weekly options, the last trading day is the next Wednesday of its listing day.
For the monthly and quarterly options, the last trading day is the third Wednesday of the delivery month.
|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|