Stock Index Product
Stock Index Product is one of the indicators of the economic climate and the index can vary depending on diverse factors like economy,
government policy and natural disasters.
Commodities for trading are
KOSDAQ150 FUTURES,
KRX300 FUTURES,
KOSDAQ150 OPTIONS,
KOSPI200 FUTURES ,
KOSPI200 OPTION,
KOSPI200 OPTION
KOSPI200 OPTIONS target the KOSPI200 INDEX (calculated in January 3rd, 1990.) based on the aggregate market values of 200 items listed on the stock market. Since KOSPI200 OPTIONS target the stock index, cash settlement is required for the final clearing.
Specification
| Underlying Asset | KOSPI 200 Index |
|---|---|
| Trading Unit | One contract |
| Trading Hours | - 09 : 00 ~ 15 : 15 (Mon. - Fri.)- 09 : 00 ~ 14 : 50 (Last trading day) |
| Exercise Style | European |
| Multiplier | KRW 500,000 |
| Last Trading Day | Second Thursday of the contract month |
| Final Settlement Day | The following day of the last trading day |
| Settlement Method | Cash settlement |
| Daily Price Limit | - |
| Position Limit | - |
| Listing date | 7 - July - 1997 |
| Contract Months | The three consecutive near months plus one nearest from the quarterly cycle (March, June, September and December) |
| Tick Size & Value | - 0.05 point (KRW 5,000) for 3 point or more of premium- 0.01 point, (KRW 1,000) for less than 3 point of premium |
| Options Strike Interval | -5.0 points for the contract months from the quarterly cycle - 2.5 points for the others |
