BIST Increasing GEREL.E 2.76 20.00 % ASCEL.E 4.45 19.95 % GARFA.E 3.24 11.72 % EGCYH.E 0.21 10.53 % AGYO.E 2.12 9.84 % Decreasing TRNSK.E 0.51 -10.53 % SODSN.E 3.2 -9.86 % HDFGS.E 3.02 -6.79 % EGPRO.E 9.46 -5.49 % VERUS.E 17.16 -5.09 % VIOP Most Change O_HALKBE0218P10.00 % 150,00 O_EREGLE0218C10.00 % -100,00 O_PGSUSE0118C34.00 % -100,00 O_KCHOLE1217P16.00 % -100,00 O_XU030E1217C122.000 % -100,00 Highest Open Position F_USDTRY1217 594.919 F_XU0301217 380.364 F_VAKBN1217 59.058 F_VAKBN0118 52.368 F_ISCTR0118 48.225

MINI BIST 30 INDEX OPTIONS CONTRACT SPECIFICATION

Underlying Securities

BIST 30 Price Index.

Option Class
Call and put options.

Exercise Style
European; an option may only be exercised on the expiry date.

Contract Size
Underlying security is the 1/1000 of the index values.
Contract size for the index options is 1 underlying securities.

Tick Size
Prices are offered for the premium value of one underlying security.

Contract Months
February, April, June, August, October and December (Contracts with three different expiration months nearest to the current month shall be traded concurrently. If December is not one of those three months, an extra contract with an expiration month of December shall be launched.)

Settlement
Cash settlement.

Trading Hours
Continuous trading from 09:30 to 18:15 (local time).

Settlement Period
T+1 (first day following the expiry date)
Losses are deducted from the accounts at the end of T day, profits are added to the accounts on T day as well..

Daily Settlement Price
The daily settlement price is calculated as follows at the end of the session and rounded to the nearest price tick:
a) The weighted average price of all the trades executed within the last 10 minutes of the session,
b) If less than 10 trades were realized in the last 10 minutes of the session, the weighted average price of the last 10 trades executed during the session,
c) If less than 10 trades were realized in the session, the weighted average price of all the trades executed during the session,
d) If no trades were done during the session, theoretical prices calculated, considering prices of underlying asset and other contracts based on the same underlying asset,
will be determined as the daily settlement price.
If the daily settlement price cannot be calculated with the above methods by the end of the session, or the prices calculated do not reflect the market correctly, the Exchange may determine the daily settlement price in consideration of theoretical price, spot price of the underlying asset, the previous day’s settlement price or the best bid and ask prices at the end of the session.
Trade reporting will not be taken into consideration in the above calculations. The Settlement Price Committee’s right to change the daily settlement price is under reserve.

Final Settlement Price

For call options, the final settlement price shall be calculated by weighting of the time weighted average of index values of the last 30 minutes of continuous auction in the equity market and closing price of the index with 80% and 20%, respectively. The difference between the calculated weighted average price (divided by 1000) and strike price is rounded to the nearest price tick and called as the final settlement price.

For put options, the final settlement price shall be calculated by weighting of the time weighted average of index values of the last 30 minutes of continuous auction in the equity market and closing price of the index with 80% and 20%, respectively.  The difference between strike price and the weighted average price (divided by 1000) is rounded to the nearest price tick and called as the final settlement price.

Expiry Date
Last business day of the contract month.

Last Trading Day
Last business day of the contract month.

Strike Prices

Strike price tick is 5 (5,000 index points)

Strike prices are calculated with previous business day’s closing price of underlying asset which is BIST30 index at spot market by applying theoretical pricing method. For each maturity, at least seven strike prices such that two are “in the money”, one is “at the money” and four are “out of the money” shall be available.

Daily Price Limit
Base price is the price determined by the Settlement Price Committee on the day the relevant contract is introduced for trading, and used in calculating the daily price change limits. For the other days, base price is the settlement price of the previous day.

 

0,01-14,99

Constant

+20,00

Base Price: 5,00

Lower Limit: -

Upper Limit: 25,00

BIST30 Index and Mini BIST30 Index Options Contracts

 

15,00-99,99

Percentage (%)

+%200

Base Price: 50,00

Lower Limit: -

Upper Limit: 150,00

 

100,00 and above

Constant

+50,00

Base Price: 150,00

Lower Limit: -

Upper Limit: 200,00

Margins
Clearing legislation shall be applied.

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