Service Navigation

DAX® Options

DAX® Options (ODAX)

Product ISIN
DE0008469495
Underlying ISIN
DE0008469008
Currency
EUR

Latest

Prices/Quotes

For the selected product there are no data available.

Statistics

Data is for Sep 17, 2014   Last update: Sep 18, 2014 00:00:00

Product type:
O
Stock Exchange:
n/a
Underlying closing price:
9,661.5
Product nameContract typeExpiryTraded contractsPut Call RatioOpen Interest (adj.)*Strike Price RangeStrike Price Series
ODAX Sep 1489,7761.100808,6132,000/12,00094
 CALLSep 1442,752 308,906  
 PUTSep 1447,024 499,707  
ODAX Oct 1446,8163.561281,9465,500/11,05075
 CALLOct 1410,264 109,119  
 PUTOct 1436,552 172,827  
ODAX Nov 144,1111.62557,9265,500/11,00070
 CALLNov 141,566 24,707  
 PUTNov 142,545 33,219  
ODAX Dec 1450,1978.3721,057,9521,000/14,00095
 CALLDec 145,356 436,328  
 PUTDec 1444,841 621,624  
ODAX Mar 155,2450.974225,2602,000/12,00088
 CALLMar 152,657 100,100  
 PUTMar 152,588 125,160  
ODAX Jun 153,8092.404242,0164,800/12,60085
 CALLJun 151,119 89,486  
 PUTJun 152,690 152,530  
ODAX Dec 155,2694.784289,8081,800/15,00073
 CALLDec 15911 112,913  
 PUTDec 154,358 176,895  
ODAX Jun 16101100.00018,8546,200/13,00048
 CALLJun 161 7,409  
 PUTJun 16100 11,445  
ODAX Dec 160n/a102,4831,800/15,00053
 CALLDec 160 61,951  
 PUTDec 160 40,532  
ODAX Jun 170n/a717,600/11,40020
 CALLJun 170 0  
 PUTJun 170 71  
ODAX Dec 170n/a14,9481,800/15,00053
 CALLDec 170 6,230  
 PUTDec 170 8,718  
ODAX Dec 180n/a2,0577,600/15,00024
 CALLDec 180 1,002  
 PUTDec 180 1,055  
Total  205,3242.1773,101,934  
 Call 64,626 1,258,151  
 Put 140,698 1,843,783  

Vendor Codes

Vendor NameVendor Code
Bloomberg L.P.DAX Index OMON
ComStock<17>l,ODAX\myssssss
CQGDC
FIDES Information ServicesO,DAX
SIX TelekursDAX
Thomson FinancialODAX/O.EX*
thomsonreuters<0#GDAX*.EX>
vwd6051-6063

Trading

Contract Specifications

Version : 13 Aug 2012

Contract Standards

Contract

Product ID

Underlying

DAX® Options

ODAX

DAX®, the blue chip index of Deutsche Börse AG

DivDAX® Options

ODIV

DivDAX®, the dividend index of Deutsche Börse AG

MDAX® Options

O2MX

MDAX®, the international mid cap index of Deutsche Börse AG

TecDAX® Options

OTDX

TecDAX®, the international technology index of Deutsche Börse AG

Settlement

Cash settlement, payable on the first exchange day following the Final Settlement Day.


Contract Values, Price Gradations and Contract Months

Contract

Contract Value

Minimum Price Change

Contract Months

Points

Value

DAX® Options

EUR 5

0.1

EUR 0.50

60

DivDAX® Options

EUR 200

0.01

EUR 2

24

MDAX® Options

EUR 5

0.1

EUR 0.50

24

TecDAX® Options

EUR 10

0.1

EUR 1

24

Up to 24 months:The three nearest successive calendar months, the three following quarterly months of the March, June, September and December cycle thereafter, and the two following semi-annual months of the June and December cycle thereafter.

Up to 60 months: The three nearest successive calendar months, the three following quarterly months of the March, June, September and December cycle thereafter, the four following semi-annual months of the June and December cycle thereafter and the two following annual months of the December cycle thereafter.


Last Trading Day and Final Settlement Day
Last Trading Day is the Final Settlement Day.

Final Settlement Day is the third Friday of each expiration month if this is an exchange day; otherwise the exchange day immediately preceding that day.

Close of trading in the expiring option series on the Last Trading Day is at the beginning of the Xetra® intraday auction starting at 13:00 CET (for MDAX® Options at 13:05 CET).


Daily Settlement Price
The Daily Settlement Price is established by Eurex. The Daily Settlement Prices for equity index options (as well as Weekly Options) are determined through the Black/Scholes 76 model. If necessary, dividend expectations, current interest rates or other payments are taken into consideration.


Final Settlement Price
The Final Settlement Price is established by Eurex on the Final Settlement Day of the contract and is determined by the value of the respective index, based on Xetra® auction prices of the respective index component shares. The intraday auction starts at 13:00 CET (for MDAX® component shares at 13:05 CET).


Exercise
European-style; an option can only be exercised on the Final Settlement Day of the respective option series until the end of the Post-Trading Full Period (21:00 CET).


Exercise Prices

Contract

Exercise Price Intervals in Index Points for Contract Months with a Remaining Lifetime of

≤ 3 months

4-12 months

13-24 months

25-36 months

> 36 months

DAX® Options

50

50

100

200

200

DivDAX® Options

5

5

10

-

-

MDAX® Options

50

50

100

-

-

TecDAX® Options

5

10

20

-

-


Number of Exercise Prices

Upon the admission of the options, at least seven exercise prices shall be made available for each due date with a term of up to 24 months for each call and put, such that three exercise prices are in-the-money, one is at-the-money and three are out-of-the-money.

Upon the admission of the options, at least five exercise prices shall be made available for each due date with a term of more than 24 months for each call and put, such that two exercise prices are in-the-money, one is at-the-money and two are out-of-the-money.


Option Premium
The equivalent of the premium in points, payable in full in the currency of the respective contract on the exchange day following the day of the trade.


Further details are available in the clearing conditions and the contract specifications.

Trading Calendar

  • 02 Jan 2014
    Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | Interest Rate Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 02 Jan 2014
    Equity Index Derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

  • 06 Jan 2014
    Equity Index Derivatives | Austria | Finland | Holiday

    Eurex is closed for trading and exercise in Austrian and Finnish equity index derivatives

  • 20 Jan 2014
    Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • 17 Feb 2014
    Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • 18 Apr 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 21 Apr 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 01 May 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 26 May 2014
    Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • 29 May 2014
    Equity Index Derivatives | Austria | Finland | Holiday

    Eurex is closed for trading and exercise in Austrian and Finnish equity index derivatives

  • 29 May 2014
    Fixed Income Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 29 May 2014
    Equity Index Derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

  • 09 Jun 2014
    Fixed Income Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 09 Jun 2014
    Equity Index Derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

  • 09 Jun 2014
    Equity Index Derivatives | Austria | Holiday

    Eurex is closed for trading and exercise in Austrian equity index derivatives

  • 19 Jun 2014
    Equity Index Derivatives | Finland | Last Trading Day

    Last Trading Day for Finnish equity index derivatives

  • 19 Jun 2014
    Equity Index Derivatives | Austria | Holiday

    Eurex is closed for trading and exercise in Austrian equity index derivatives

  • 20 Jun 2014
    Equity Index Derivatives | Finland | Holiday

    Eurex is closed for trading and exercise in Finnish equity index derivatives

  • 04 Jul 2014
    Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • 01 Aug 2014
    Fixed Income Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 01 Aug 2014
    Equity Index Derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives

  • 14 Aug 2014
    Equity Index Derivatives | Austria | Last Trading Day

    Last Trading Day for austrian equity index derivatives

  • 15 Aug 2014
    Equity Index Derivatives | Austria | Holiday

    Eurex is closed for trading and exercise in Austrian equity index derivatives

  • 01 Sep 2014
    Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • 03 Oct 2014
    Equity Index Derivatives | Germany | Holiday

    Eurex is closed for trading and exercise in German equity index derivatives

  • 13 Oct 2014
    Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • 11 Nov 2014
    Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • 27 Nov 2014
    Equity Derivatives | Equity Index Derivatives | Bloomberg | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • 08 Dec 2014
    Equity Index Derivatives | Austria | Holiday

    Eurex is closed for trading and exercise in Austrian equity index derivatives

  • 24 Dec 2014
    Volatility Derivatives | Property Derivatives | FX Derivatives | Interest Rate Derivatives | Equity Index Derivatives | Exchange Traded Funds Derivatives | Equity Derivatives | Dividend Derivatives | Commodity Derivatives | Holiday

    Eurex is closed for trading in all derivatives

  • 25 Dec 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | FX Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 26 Dec 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | FX Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 31 Dec 2014
    Commodity Derivatives | Dividend Derivatives | Equity Derivatives | Exchange Traded Funds Derivatives | Equity Index Derivatives | Interest Rate Derivatives | Property Derivatives | FX Derivatives | Volatility Derivatives | Holiday

    Eurex is closed for trading in all derivatives

Trading Hours

Regular Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:5017:3019:0020:30
Last Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:5013:0019:0020:3021:00

Transaction Fees

Fee TypeFee
Exchange transactions: Standard feesEUR 0.50 per contract
Exchange transactions: Reduced fees (contract volume above threshold)EUR 0.25 per contract
TES transactions: Standard feesEUR 0.50 per contract
TES transactions: Reduced fees (contract volume above threshold)EUR 0.25 per contract
Threshold A-accounts2,000.00 contracts
Threshold P-accounts2,000.00 contracts
Exercise of optionsEUR 0.50 per contract
Position transfer with cash transferEUR 7.50 per transaction

Block Trades

Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 500 contracts.

Parameters

Maximum Spreads

Number of Expiration Months

Bid price up to
(index points)

Maximum Spread (index points)

≤ 80 - 252
 25.01 - 3008 %
 > 30024.00
> 80 - 151.20
 15.01 - 9999.98 %
 > 9999.9800.00

Minimum Quote Size

Term

Quotation on request (RMM)

Permanent quotation (PMM/AMM)

Permanent quotation (PMM short)

Permanent quotation (PMM long)

≤ 8 Months   50 200 200
> 8 Months   50 200 200

Market Makers

Maturity Range for PMM/AMM

Maturity Range for PMM/AMM up to (months): 8

Maturity Range for PMM short up to (months): 5

Maturity Range for PMM long up to (months): 5

AMM Package ID

Admitted to the following Advanced Market-Making package(s): DE

Mistrade Ranges

Number of Expiration Months

Reference Price (Index Points)

Mistrade Range (Index Points)

0 - 80 - 151.20
15.01 - 3008 %
> 30024.00
> 80 - 151.80
15.01 - 30012 %
> 30036.00

For equity and equity index options, mistrade parameters will be doubled on the Last Trading Day.

For the transactions in option contracts accomplished during a fast-market period, the mistrade ranges reduplicate.

Crossing Parameters

(section 2.3 Eurex Trading Conditions)

(1) Orders and quotes relating to the same contract or to a system-supported combination of contracts may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Participant (a cross trade) nor pursuant to a prior understanding by two different Exchange Participants (a prearranged trade), unless the conditions according to paragraph 3 have been fulfilled. The same shall apply for the entry of orders as part of a quote.

(2) An Exchange Participant may submit a description of his internal and external links to the EDP system of the Eurex Exchanges to the Market Surveillance Office of Eurex Germany or to the Surveillance and Enforcement Office of Eurex Zurich, with a view to a decision on whether the Exchange Participant acted knowingly within the meaning of paragraph 1. The details of the specifications of the description of the IT linkage pursuant to sentence 1 shall be determined by the Surveillance Offices of Eurex Germany and Eurex Zurich in agreement with the Boards of Management of the Eurex Exchanges. The specifications shall be subject to publication. Disclosure of said specifications to one of the two Surveillance Offices named above shall be deemed to be disclosure to both Eurex Surveillance Offices.

(3) A cross trade or a pre-arranged trade is admissible if a participant in a cross-trade or a pre-arranged trade, prior to entering his order or quote, enters a cross request equivalent to the number of contracts of the order. The order or quote giving rise to the cross trade or pre-arranged trade must be entered five seconds at the earliest and 65 seconds at the latest with regard to Money Market Futures contracts, Fixed Income Futures contracts, options on Money Market Futures contracts and options on Fixed Income Futures contracts, respectively 35 seconds at the latest with regard to all other futures and option contracts after having entered the cross request. The purchasing Exchange Participant shall bear the responsibility for compliance with the content of the cross request entry.

(4) Paragraphs 1 and 3 shall not apply to transactions consummated during the netting process in the opening period (subsection 1.3 paragraph 2) or during the closing auction (subsection 1.3 paragraph (3)).

(5) Paragraph 1 shall apply mutatis mutandis to other behaviour constituting evasion of this regulation.