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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 Apr 22, 2014   Last Update: Apr 23, 2014 00:00:00

Product Type:
O
Stock Exchange:
n/a
Underlying Closing Price:
9,600.09
Product NameContract TypeExpiryTraded ContractsPut Call RatioOpen Interest (adj.)*Strike Price RangeStrike Price Series
ODAX May 1481,1351.145342,2807,000/10,95069
 CALLMay 1437,822 133,354  
 PUTMay 1443,313 208,926  
ODAX Jun 1424,4641.210805,8552,000/12,000113
 CALLJun 1411,069 337,480  
 PUTJun 1413,395 468,375  
ODAX Jul 141310.87108,150/10,65051
 CALLJul 1470 0  
 PUTJul 1461 0  
ODAX Sep 145,0430.489263,3936,000/12,00060
 CALLSep 143,386 96,170  
 PUTSep 141,657 167,223  
ODAX Dec 148,7100.605665,9931,000/14,00084
 CALLDec 145,428 258,450  
 PUTDec 143,282 407,543  
ODAX Mar 1527026.00011,1275,000/12,00077
 CALLMar 1510 2,609  
 PUTMar 15260 8,518  
ODAX Jun 153773.09870,8264,800/12,60063
 CALLJun 1592 19,187  
 PUTJun 15285 51,639  
ODAX Dec 15750.190160,8961,800/13,00063
 CALLDec 1563 68,272  
 PUTDec 1512 92,624  
ODAX Jun 161n/a4,8626,200/11,20026
 CALLJun 160 607  
 PUTJun 161 4,255  
ODAX Dec 1646n/a39,8931,800/14,00050
 CALLDec 160 18,071  
 PUTDec 1646 21,822  
ODAX Dec 172,0010.0006,0301,800/12,00049
 CALLDec 172,001 3,028  
 PUTDec 170 3,002  
ODAX Dec 180n/a1,0147,600/11,20019
 CALLDec 180 511  
 PUTDec 180 503  
Total  122,2531.0402,372,169  
 Call 59,941 937,739  
 Put 62,312 1,434,430  

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 | Dow Jones-UBS | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Coal Derivatives | Weather Derivatives | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • 17 Feb 2014
    Equity Derivatives | Equity Index Derivatives | Dow Jones-UBS | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Coal Derivatives | Weather 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 Index Derivatives | Exchange Traded Funds Derivatives | Inflation Derivatives | Commodity Derivatives | Weather 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 Index Derivatives | Exchange Traded Funds Derivatives | Inflation Derivatives | Commodity Derivatives | Weather 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 Index Derivatives | Exchange Traded Funds Derivatives | Inflation Derivatives | Commodity Derivatives | Weather 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 | Dow Jones-UBS | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Coal Derivatives | Weather 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 | Dow Jones-UBS | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Coal Derivatives | Weather 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 | Dow Jones-UBS | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Coal Derivatives | Weather Derivatives | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • 13 Oct 2014
    Equity Derivatives | Equity Index Derivatives | Dow Jones-UBS | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Coal Derivatives | Weather Derivatives | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • 11 Nov 2014
    Equity Derivatives | Equity Index Derivatives | Dow Jones-UBS | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Coal Derivatives | Weather Derivatives | Brazil | Canada | Russia | USA | Holiday

    No cash payment in USD

  • 27 Nov 2014
    Equity Derivatives | Equity Index Derivatives | Dow Jones-UBS | Gold Derivatives | Silver Derivatives | Exchange Traded Commodities Derivatives | Coal Derivatives | Weather 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
    Weather Derivatives | Volatility Index Derivatives | Property Derivatives | Interest Rate Derivatives | Inflation 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 Index Derivatives | Exchange Traded Funds Derivatives | Inflation Derivatives | Commodity Derivatives | Weather 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 Index Derivatives | Exchange Traded Funds Derivatives | Inflation Derivatives | Commodity Derivatives | Weather 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 | Inflation Derivatives | Interest Rate Derivatives | Property Derivatives | Volatility Index Derivatives | Weather 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
OTC transactions: Standard FeesEUR 0.50 per contract
OTC 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

OTC Block Trade

Admitted to the OTC Block Trade Facility for minimum number of tradable contracts: 500

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 Zürich, 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 Zürich 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.