Derivatives Market - Index Derivatives Derivatives Market

TA-35 Index
TA-125 Index
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TA-125 Index
TA-125 Index Options
 

Launch Date

January 2015

 

 

Trading Hours

For details, click here

 

 

Underlying Asset

TA-125 Index

 

 

Contract Size

NIS 100 multiplied by the index level

 

 

Expiry

Monthly

 

 

Contract Months

Every month, a new series of options for a period of three months is issued.

At any given time, three series of options are active, for one, two and three months.

 

 

Price Quotation

Stated in NIS

 

 

Minimum Price Change

NIS 1   (for prices up to NIS 20)

NIS 2   (for prices between NIS 21-100)

NIS 5 (for prices between NIS 101-200)

NIS 10 (for prices exceeding NIS 200)

 

 

Strike Prices

The difference in strike prices between adjacent options:

Option Strike Price

Strike Price Increments

Lower than 1000

10

Higher than 1000

20

 

Starting 8 weeks prior to expiry, additional strike prices are opened in increments of 10 points.

 

 

Last Trading Day

The Wednesday preceding the last Friday of the expiration month

 

 

Final Settlement Price

Calculation based on the opening prices of the index constituents on the last trading day prior to the expiration date (usually Thursday)

 

 

Expiration Date

The last Friday of the expiration month

 

 

Exercise Style

European

 

 

Final Settlement

Cash settlement

 

 

Position Limit

30,000

 

 

Daily Price Change Limit

None

TA-125 Index Futures
 

Launch Date

January 2015

 

 

Trading Hours

For details, click here

 

 

Underlying Asset

TA-125 Index

 

 

Contract Size

NIS 100 multiplied by the index level

 

 

Expiry

Monthly 

 

 

Contract Month

Every month, a new series of futures for a period of three months is issued.

At any given time, three series of futures are active, for one, two and three months.

 

 

Price Quotation

Stated in NIS

 

 

Minimum Price Change

NIS 10

 

 

Last Trading Day

The Wednesday preceding the last Friday of the expiration month

 

 

Final Settlement Price

Calculation based on the opening prices of the index constituents on the last trading day prior to the expiration date (usually Thursday)

Expiration Date

The last Friday of the expiration month

 

 

Settlement

Daily cash settlement, ”mark-to-market”

 

 

Position Limit

30,000

 

 

Daily Price Change Limit

None