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CH20O Product Specification
Cboe Switzerland 20 Index Options
- Contract Name
- Cboe Switzerland 20 Index Options (CH20O)
- Underlying
- The Cboe Switzerland 20 index (Symbol: BCH20P) aims to be comprised of the largest 20 Swiss issuers. This is a price return index.
- Contract Multiplier
- CHF100 (e.g. value CHF105,000 for an index level of 1,050.00).
- Symbol(S)
- CH20O
- Contract Expirations
-
The Exchange will list for trading the following expiration months:
1, 2, 3 of the Monthly Cycle;
6, 9, 12 Months of the Quarterly Cycle; and 18, 24 Months of the Yearly Cycle
- Trading Hours
-
Monday – Friday
08:01 – 16:20
All times referenced are London time.
- Minimum Price Intervals
- Premium based tick sizes CHF0.01 / CHF0.05 / CHF0.10
- Block Trades
-
The minimum Block Trade quantity for Cboe Switzerland 20 Index Options is 500 contracts. For options strategies each leg is required to have a minimum quantity of 500 contracts.
The minimum price increment for a Block Trade in Cboe Switzerland 20 Index Options is 0.01 index points (CHF1).
- Deferred Publication
- Block trades at or above 5,000 contracts are eligible for intraday deferred publication.
- Daily Settlement Price
- Index Options Daily Settlement Prices will be calculated by Cboe using the Black 76 options pricing model.
- Termination Of Trading
- Trading hours for Cboe Switzerland 20 Index Options end at 16:20 London time the day before the final settlement date.
- Option Exercise Style
- European Style - Cboe Switzerland 20 Index Options may be exercised only on the final settlement date.
- Final Settlement Date
-
The final settlement date for a Cboe Switzerland 20 Index Option contract is the third Friday of the calendar month in which the contract expires.
If that Friday that is a Cboe trading holiday, the final settlement date for the contract shall be on the business day immediately preceding that Friday.
- Final Settlement Value
-
The final settlement value calculation for Cboe Switzerland 20 Index Options uses a 10 minute average of the index levels (only every 30th print is considered) during the timing window below on the settlement date:
Start: 08:00 London time
End: 08:10 London time
- Delivery
- Settlement of Cboe Switzerland 20 Index Option contracts will result in the delivery of a cash settlement amount based on the final settlement value.