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Options on Euro-Bobl Futures

Options on Euro-Bobl Futures (OGBM)

Product ISIN
DE0009652693
Underlying ISIN
DE0009652651
Currency
EUR

Latest

Prices/Quotes

Displayed data is 15 minutes delayed.Last trade:Jul 21, 2017 17:50:21

Strike priceVers. num.Opening priceHighLowBid priceBid volAsk priceAsk volDiff. to prev. day lastLast priceDateTimeDaily settlem. priceTraded contractsOpen interest (adj.)Open interest dateLast trading day
134.75 0 0.001 0.001 0.001 n.a. 0 0.005 0 -80.00% 0.001 07/21/2017 17:50:21 0.001 0 0 04/24/2017 n.a.
134.50 0 0.001 0.001 0.001 n.a. 0 0.005 0 -80.00% 0.001 07/21/2017 17:50:21 0.001 0 0 04/24/2017 n.a.
134.25 0 0.001 0.001 0.001 n.a. 0 0.005 0 -80.00% 0.001 07/21/2017 17:50:21 0.001 0 2,006 06/28/2017 n.a.
134.00 0 0.001 0.001 0.001 n.a. 0 0.005 0 -80.00% 0.001 07/21/2017 17:50:21 0.001 0 1,014 06/09/2017 n.a.
133.75 0 0.001 0.001 0.001 n.a. 0 0.005 0 -80.00% 0.001 07/21/2017 17:50:21 0.001 0 2,352 06/27/2017 n.a.
133.50 0 0.001 0.001 0.001 n.a. 0 0.005 0 -80.00% 0.001 07/21/2017 17:50:21 0.001 0 1,203 07/17/2017 n.a.
133.25 0 0.001 0.001 0.001 n.a. 0 0.005 0 -80.00% 0.001 07/21/2017 17:50:21 0.001 0 5,766 07/03/2017 n.a.
133.00 0 0.001 0.001 0.001 n.a. 0 0.005 0 -80.00% 0.001 07/21/2017 17:50:21 0.001 0 5,974 07/04/2017 n.a.
132.75 0 0.001 0.001 0.001 n.a. 0 0.005 0 -80.00% 0.001 07/21/2017 17:50:21 0.001 317 16,283 07/10/2017 n.a.
132.50 0 0.001 0.001 0.001 n.a. 0 0.005 0 -80.00% 0.001 07/21/2017 17:50:21 0.001 0 6,929 07/20/2017 n.a.
132.25 0 0.005 0.005 0.001 n.a. 0 0.010 0 -80.00% 0.001 07/21/2017 17:50:21 0.001 1,391 16,023 07/21/2017 n.a.
132.00 0 0.020 0.075 0.020 0.020 0 0.050 0 +14.29% 0.040 07/21/2017 17:50:21 0.040 2,923 9,496 07/21/2017 n.a.
131.75 0 0.260 0.335 0.260 0.250 0 0.315 0 +100.00% 0.290 07/21/2017 17:50:21 0.290 401 7,797 07/21/2017 n.a.
131.50 0 0.540 0.540 0.540 0.500 0 0.565 0 +54.29% 0.540 07/21/2017 17:50:21 0.540 0 3,561 07/18/2017 n.a.
131.25 0 0.790 0.790 0.790 0.750 0 0.815 0 +33.90% 0.790 07/21/2017 17:50:21 0.790 0 500 07/07/2017 n.a.
131.00 0 1.040 1.040 1.040 1.000 0 1.065 0 +23.81% 1.040 07/21/2017 17:50:21 1.040 0 100 07/07/2017 n.a.
130.75 0 1.290 1.290 1.290 1.250 0 1.315 0 +18.35% 1.290 07/21/2017 17:50:21 1.290 0 0 04/24/2017 n.a.
130.50 0 1.540 1.540 1.540 1.500 0 1.565 0 +14.93% 1.540 07/21/2017 17:50:21 1.540 0 0 04/24/2017 n.a.
130.25 0 1.790 1.790 1.790 1.750 0 1.815 0 +12.58% 1.790 07/21/2017 17:50:21 1.790 0 0 04/24/2017 n.a.
130.00 0 2.040 2.040 2.040 2.000 0 2.065 0 +10.87% 2.040 07/21/2017 17:50:21 2.040 0 0 04/24/2017 n.a.
129.75 0 2.290 2.290 2.290 2.250 0 2.315 0 +9.57% 2.290 07/21/2017 17:50:21 2.290 0 0 04/25/2017 n.a.
129.50 0 2.540 2.540 2.540 2.500 0 2.565 0 +8.55% 2.540 07/21/2017 17:50:21 2.540 0 0 06/28/2017 n.a.
129.25 0 2.790 2.790 2.790 2.750 0 2.815 0 +7.72% 2.790 07/21/2017 17:50:21 2.790 0 0 04/25/2017 n.a.
129.00 0 3.040 3.040 3.040 3.000 0 3.065 0 +7.04% 3.040 07/21/2017 17:50:21 3.040 0 0 06/30/2017 n.a.
128.75 0 3.290 3.290 3.290 n.a. 0 n.a. 0 +6.47% 3.290 07/21/2017 17:50:21 3.290 0 0 06/30/2017 n.a.
128.50 0 3.540 3.540 3.540 n.a. 0 n.a. 0 +5.99% 3.540 07/21/2017 17:50:21 3.540 0 0 07/07/2017 n.a.
128.25 0 3.790 3.790 3.790 n.a. 0 n.a. 0 +5.57% 3.790 07/21/2017 17:50:21 3.790 0 0 07/07/2017 n.a.
Total 5,032 79,004

Statistics

Data is forJul 20, 2017   Last update:Jul 21, 2017 00:00:00

Product type:
O
Stock exchange:
n/a
Underlying closing price:
0
Product nameContract typeExpiryTraded contractsPut/Call ratioOpen interestStrike price rangeStrike price series
OGBM Aug 1728,1751.189203,569128.25/134.7527
 CALLAug 1712,871 90,344  
 PUTAug 1715,304 113,225  
OGBM Sep 1728,7850.882193,381125.25/13635
 CALLSep 1715,292 85,300  
 PUTSep 1713,493 108,081  
OGBM Oct 173,760n/a8,298126.75/133.2527
 CALLOct 170 1,500  
 PUTOct 173,760 6,798  
OGBM Dec 17270n/a18,586125/133.535
 CALLDec 170 11,530  
 PUTDec 17270 7,056  
Total  60,9901.166423,834  
 Call 28,163 188,674  
 Put 32,827 235,160  

Vendor Codes

Vendor NameVendor Code
Bloomberg L.P.OEA Cmdty OMON
ComStock<17>l,OGBM\myssssss
CQGDL
FIDES Information ServicesO,FGBM
SIX TelekursOGBM
Thomson FinancialOGBM/O.EX*
thomsonreuters<0#OGBM++>
vwd6011-6020

Trading

Contract Specifications

Version : 13 Mar 2017

Contract standards

Futures on notional short-, medium- or long-term debt instruments issued by the Federal Republic of Germany and the French Republic with remaining terms and a coupon of:

Contract

Options on
Product IDUnderlyingRemaining term of the underlying Coupon

Percent
Euro-Schatz FuturesOGBSEuro-Schatz Futures1.75 to 2.25 years6
Euro-Bobl FuturesOGBMEuro-Bobl Futures4.5 to 5.5 years6
Euro-Bund FuturesOGBLEuro-Bund Futures8.5 to 10.5 years6
Euro-OAT FuturesOOATEuro-OAT Futures8.5 to 10.5 years6

 

Contract size

One fixed income futures contract.

 

Settlement

The exercise of an option on fixed income futures results in the creation of a corresponding position in the fixed income futures for the option buyer as well as the seller to whom the exercise is assigned. The position is established after the Post-Trading Full Period of the exercise day, and is based on the agreed exercise price.

 

Price quotation and minimum price change
Price quotation is based on points.

Options onMinimum price change
PointsValue
Euro-Schatz Futures0.005EUR 5
Euro-Bobl Futures0.005EUR 5
Euro-Bund Futures0.01EUR 10
Euro-OAT Futures0.01EUR 10

 

Contract months

Up to 6 months:The three nearest successive calendar months, as well as the following quarterly month of the March, June, September and December cycle thereafter.

Calendar months: The maturity month of the underlying futures contract is the quarterly month following the expiration month of the option.

Quarterly months: The maturity month of the underlying futures contract and the expiration month of the option are identical.

 

Last trading day

Last trading day is the last Friday prior to the first calendar day of the option expiration month, followed by at least two exchange days prior to the first calendar day of the option expiration month.

Unless at least two exchange days lie between the last Friday of a month and the first calendar day of the expiration month, the last trading day is the Friday preceding the last Friday. If this Friday is not an exchange day, the exchange day immediately preceding that Friday is the last trading day. An exchange day within the meaning of this exception is a day, which is both an exchange day at the Eurex Exchanges and a federal workday in the U.S.

Close of trading in all option series on the Last trading day is at 17:15 CET.

 

Daily settlement price

The daily settlement price is established by Eurex. The daily settlement prices for options on fixed income futures are determined trough the binomial model according to Cox/Ross/Rubinstein.

 

Exercise

American-style; an option can be exercised until the end of the Post-Trading Full Period (18:00 CET) on any exchange day during the lifetime of the option.

 

Exercise prices

Options onExercise intervals
Points
Euro-Schatz Futures0.1
Euro-Bobl Futures0.25
Euro-Bund Futures0.50
Euro-OAT Futures0.25

 

Number of exercise prices

Upon the admission of the options, at least nine exercise prices shall be made available for each term for each call and put, such that four exercise prices are in-the-money, one is at-the-money and four are out of-the-money.

 

Option premium

The premium is settled using the futures-style method.

 

Options on Fixed Income Futures are available for trading in the U.S.

Trading Calendar

  • 02 Jan 2017
    Fixed Income Derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss fixed income derivatives

  • 02 Jan 2017
    Fixed Income Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | FX Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 27 Jan 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 30 Jan 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 24 Feb 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 27 Feb 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 08 Mar 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • 10 Mar 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for fixed income futures

  • 24 Mar 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 27 Mar 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 14 Apr 2017
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX 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

  • 17 Apr 2017
    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

  • 21 Apr 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 24 Apr 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 01 May 2017
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX 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

  • 25 May 2017
    Fixed Income Derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss fixed income derivatives

  • 25 May 2017
    Fixed Income Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | FX Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 26 May 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 29 May 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 05 Jun 2017
    Fixed Income Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | FX Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 05 Jun 2017
    Fixed Income Derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss fixed income derivatives

  • 08 Jun 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • 12 Jun 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for fixed income futures

  • 23 Jun 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 26 Jun 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 21 Jul 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 24 Jul 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 01 Aug 2017
    Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Exchange Traded Funds Derivatives | Interest Rate Derivatives | FX Derivatives | Switzerland | Holiday

    No cash payment in CHF

  • 01 Aug 2017
    Fixed Income Derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss fixed income derivatives

  • 25 Aug 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 28 Aug 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 07 Sep 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • 11 Sep 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for fixed income futures

  • 22 Sep 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 25 Sep 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 27 Oct 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 30 Oct 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 24 Nov 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 27 Nov 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

  • 07 Dec 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • 11 Dec 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for fixed income futures

  • 22 Dec 2017
    Fixed Income Derivatives | Last Trading Day

    Last Trading Day for options on fixed income futures

  • 25 Dec 2017
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX 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 Dec 2017
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX 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

  • 27 Dec 2017
    Fixed Income Derivatives | Delivery Day

    Delivery Day for options on fixed income futures

Trading Hours

Regular Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:0017:1518:30
Last Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:0017:1517:4518:00

Transaction Fees

Fee TypeFee
Exchange transactions: Standard fees (A-accounts)EUR 0.20 per contract
Exchange transactions: Reduced fees (contract volume above threshold)EUR 0.10 per contract
TES transactions: Standard fees (A-accounts)EUR 0.20 per contract
TES transactions: Reduced fees (contract volume above threshold)EUR 0.10 per contract
Threshold A-accounts4,000.00 contracts
Threshold P-accounts4,000.00 contracts
Position Closing AdjustmentsEUR 0.40 per contract
Exercise of optionsEUR 0.20 per contract
Assignment of optionsEUR 0.20 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 200 contracts.

Parameters

Maximum Spreads

Maximum Spread for 50 lots

Bid prices up to

1st expiration month

2nd expiration month

3rd expiration month

5 exchange days before expiration

0 - 0.090.050.090.140.09
0.1 - 0.290.060.120.180.09
0.30 - 1.00 0.090.180.270.12
> 1.000.120.240.360.12

In Fast Market (definition and announcement by the Exchange), maximum spreads will be increased by 100 percent.

Minimum Quote Size

Expiration month

Minimum quote size

1150
2100
325


The minimum quote duration is 85 percent of the trading hours between 08:00 and 19:00 CET on each trading of the calendar month (on a monthly average). The first three expiration months have to be quoted.

In Fast Market, the minimum quote size is reduced by 50 percent.

Market Makers

Mistrade Ranges

Mistrade Range in points

Bid prices up to

1. expiration month

2. expiration month

3. - 4. expiration month

5 exchange days before expiration

0 - 0.090.030.060.090.06
0.1 - 0.290.040.080.130.06
0.3 - 1.000.060.130.190.08
> 1.000.080.170.250.08

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 one second at the earliest and 61 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 31 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.

 

Market Status

XEUR

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