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Options on VSTOXX® Futures

Options on VSTOXX® Futures (OVS2)

Product ISIN
DE000A2BM405
Underlying ISIN
DE000A0Z3CW9
Currency
EUR

Latest

Prices/Quotes

Displayed data is 15 minutes delayed.Last trade:Jul 21, 2017 18:42:40

Strike priceVers. num.Opening priceHighLowBid priceBid volAsk priceAsk volDiff. to prev. day lastLast priceDateTimeDaily settlem. priceTraded contractsOpen interest (adj.)Open interest dateLast trading day
85.00 0 0.05 0.05 0.05 n.a. 0 0.05 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
80.00 0 0.05 0.05 0.05 n.a. 0 0.05 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
75.00 0 0.05 0.05 0.05 n.a. 0 0.05 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
70.00 0 0.05 0.05 0.05 n.a. 0 0.05 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
65.00 0 0.05 0.05 0.05 n.a. 0 0.05 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
60.00 0 0.05 0.05 0.05 n.a. 0 0.05 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
55.00 0 0.05 0.05 0.05 n.a. 0 0.05 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
50.00 0 0.05 0.05 0.05 n.a. 0 0.05 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
47.50 0 0.05 0.05 0.05 n.a. 0 0.05 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
45.00 0 0.05 0.05 0.05 n.a. 0 0.05 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
42.50 0 0.05 0.05 0.05 n.a. 0 0.10 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
40.00 0 0.05 0.05 0.05 n.a. 0 0.10 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
37.50 0 0.05 0.05 0.05 n.a. 0 0.10 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
35.00 0 0.05 0.05 0.05 n.a. 0 0.10 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 0 02/01/2017 n.a.
32.50 0 0.05 0.05 0.05 0.05 0 0.15 0 +0.00% 0.05 07/21/2017 18:42:40 0.05 0 1 06/05/2017 n.a.
30.00 0 0.10 0.10 0.10 0.05 0 0.15 0 +100.00% 0.10 07/21/2017 18:42:40 0.10 0 1 05/26/2017 n.a.
29.00 0 0.10 0.10 0.10 0.10 0 0.20 0 +100.00% 0.10 07/21/2017 18:42:40 0.10 0 0 02/01/2017 n.a.
28.00 0 0.15 0.15 0.15 0.10 0 0.20 0 +50.00% 0.15 07/21/2017 18:42:40 0.15 0 0 02/01/2017 n.a.
27.00 0 0.15 0.15 0.15 0.10 0 0.20 0 +50.00% 0.15 07/21/2017 18:42:40 0.15 0 0 02/01/2017 n.a.
26.00 0 0.20 0.20 0.20 0.15 0 0.25 0 +33.33% 0.20 07/21/2017 18:42:40 0.20 0 10,371 06/22/2017 n.a.
25.00 0 0.25 0.25 0.25 0.15 0 0.30 0 +66.67% 0.25 07/21/2017 18:42:40 0.25 0 28,321 07/07/2017 n.a.
24.00 0 0.30 0.30 0.30 0.20 0 0.30 0 +50.00% 0.30 07/21/2017 18:42:40 0.30 0 100 05/29/2017 n.a.
23.00 0 0.30 0.30 0.30 0.25 0 0.40 0 +50.00% 0.30 07/21/2017 18:42:40 0.30 0 2,500 06/16/2017 n.a.
22.00 0 0.40 0.40 0.40 0.30 0 0.45 0 +33.33% 0.40 07/21/2017 18:42:40 0.40 0 1,500 07/03/2017 n.a.
21.00 0 0.45 0.45 0.45 0.40 0 0.50 0 +50.00% 0.45 07/21/2017 18:42:40 0.45 0 840 06/09/2017 n.a.
20.00 0 0.55 0.55 0.55 0.45 0 0.60 0 +37.50% 0.55 07/21/2017 18:42:40 0.55 0 3,110 07/17/2017 n.a.
19.00 0 0.65 0.65 0.65 0.55 0 0.65 0 +44.44% 0.65 07/21/2017 18:42:40 0.65 0 700 07/20/2017 n.a.
18.00 0 0.75 0.75 0.75 0.65 0 0.75 0 +36.36% 0.75 07/21/2017 18:42:40 0.75 0 0 02/01/2017 n.a.
17.00 0 0.90 0.90 0.90 0.80 0 0.90 0 +38.46% 0.90 07/21/2017 18:42:40 0.90 0 0 02/01/2017 n.a.
16.00 0 1.15 1.15 1.15 0.90 0 1.15 0 +43.75% 1.15 07/21/2017 18:42:40 1.15 0 0 02/01/2017 n.a.
15.00 0 1.45 1.45 1.45 1.25 0 1.65 0 +38.10% 1.45 07/21/2017 18:42:40 1.45 0 0 02/01/2017 n.a.
14.00 0 1.95 1.95 1.95 1.80 0 2.20 0 +34.48% 1.95 07/21/2017 18:42:40 1.95 0 1 07/14/2017 n.a.
13.00 0 2.75 2.75 2.75 2.50 0 2.90 0 +30.95% 2.75 07/21/2017 18:42:40 2.75 0 0 02/01/2017 n.a.
12.00 0 3.65 3.65 3.65 3.45 0 3.85 0 +21.67% 3.65 07/21/2017 18:42:40 3.65 0 0 02/01/2017 n.a.
11.00 0 4.65 4.65 4.65 4.25 0 5.05 0 +16.25% 4.65 07/21/2017 18:42:40 4.65 0 0 02/01/2017 n.a.
10.00 0 5.65 5.65 5.65 n.a. 0 n.a. 0 +13.00% 5.65 07/21/2017 18:42:40 5.65 0 0 02/01/2017 n.a.
9.00 0 6.65 6.65 6.65 n.a. 0 n.a. 0 +10.83% 6.65 07/21/2017 18:42:40 6.65 0 0 02/01/2017 n.a.
8.00 0 7.65 7.65 7.65 n.a. 0 n.a. 0 +9.29% 7.65 07/21/2017 18:42:40 7.65 0 0 02/01/2017 n.a.
7.00 0 8.65 8.65 8.65 n.a. 0 n.a. 0 +8.13% 8.65 07/21/2017 18:42:40 8.65 0 0 02/01/2017 n.a.
6.00 0 9.65 9.65 9.65 n.a. 0 n.a. 0 +7.22% 9.65 07/21/2017 18:42:40 9.65 0 0 02/01/2017 n.a.
5.00 0 10.65 10.65 10.65 n.a. 0 n.a. 0 +6.50% 10.65 07/21/2017 18:42:40 10.65 0 0 02/01/2017 n.a.
4.00 0 11.65 11.65 11.65 n.a. 0 n.a. 0 +5.91% 11.65 07/21/2017 18:42:40 11.65 0 0 02/01/2017 n.a.
3.00 0 12.65 12.65 12.65 n.a. 0 n.a. 0 +5.42% 12.65 07/21/2017 18:42:40 12.65 0 0 02/01/2017 n.a.
2.00 0 13.65 13.65 13.65 n.a. 0 n.a. 0 +5.00% 13.65 07/21/2017 18:42:40 13.65 0 0 02/01/2017 n.a.
1.00 0 14.65 14.65 14.65 n.a. 0 n.a. 0 +4.64% 14.65 07/21/2017 18:42:40 14.65 0 0 02/01/2017 n.a.
Total 0 47,445

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
OVS2 Aug 17500n/a52,4451/8545
 CALLAug 170 47,445  
 PUTAug 17500 5,000  
OVS2 Sep 170n/a8,7091/9046
 CALLSep 170 8,709  
 PUTSep 170 0  
OVS2 Oct 170n/a11,2711/9046
 CALLOct 170 7,271  
 PUTOct 170 4,000  
OVS2 Nov 172,250n/a11,6971/9046
 CALLNov 170 4,742  
 PUTNov 172,250 6,955  
OVS2 Dec 170n/a01/9046
 CALLDec 170 0  
 PUTDec 170 0  
OVS2 Jan 180n/a01/10048
 CALLJan 180 0  
 PUTJan 180 0  
OVS2 Feb 180n/a01/10048
 CALLFeb 180 0  
 PUTFeb 180 0  
OVS2 Mar 180n/a01/9547
 CALLMar 180 0  
 PUTMar 180 0  
Total  2,750n/a84,122  
 Call 0 68,167  
 Put 2,750 15,955  

Vendor Codes

Vendor NameVendor Code
Bloomberg L.P.FVSA <INDEX> OMON
thomsonreuters0#FVS2+

Trading

Contract Specifications

Version : 01 Feb 2017

Contract standards

ContractProduct IDUnderlyingCurrency
Options on VSTOXX® FuturesOVS2VSTOXX® FuturesEUR

 

Contract value

EUR 100 per volatility index point.

 

Settlement

Physical delivery of the underlying. The underlying matures on the same exchange day and will be settled in cash.

 

Price quotation and minimum price change

The price quotation is in index points with two decimal places. The minimum price change is 0.05 index points, equivalent to a value of EUR 5.

 

Contract months

Up to 8 months:The eight nearest successive calendar months.

 

Last trading day and final settlement day

Last trading day is the final settlement day. Final settlement day is 30 calendar days before the expiration day of the underlying options (i.e. 30 days before the third Friday of the expiration month of the underlying options, if this is an exchange day). This is usually the Wednesday before the second last Friday of the respective expiration month, if this is an exchange day; otherwise the exchange day immediately preceding that day. Close of trading in the maturing futures on the last trading day is at 12:00 CET.

 

Daily settlement price

The daily settlement price is established by Eurex. The daily settlement prices for Options on VSTOXX® Futures are determined through the Black/Scholes 76 model.

Further details are available in the clearing conditions.

 

Final settlement price

The final settlement price is established by Eurex on the final settlement day, based on the average of the index values of the underlying on the last trading day between 11:30 and 12:00 CET.

 

Exercise

American-style; an option can be exercised up to the end of the Post-Trading Full Period (20:30 CET) on any exchange day during the lifetime of the option.

 

Exercise prices

All option series have exercise prices with price gradations in the amount of not less that one point.

 

Number of exercise prices

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

 

Futures-style premium
Option premium is not paid until exercise or expiration. Options are marked-to-market daily, and Variation Margin and Additional Margin are collected or paid out.

 

Trading hours

08:50-17:30 CET

Trading Calendar

  • 18 Jan 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 19 Jan 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 20 Jan 2017
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 15 Feb 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 16 Feb 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 17 Feb 2017
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 16 Mar 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 17 Mar 2017
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 22 Mar 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 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

  • 19 Apr 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 20 Apr 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 21 Apr 2017
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 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

  • 17 May 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 18 May 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 19 May 2017
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 15 Jun 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 16 Jun 2017
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 21 Jun 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 19 Jul 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 20 Jul 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 21 Jul 2017
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 16 Aug 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 17 Aug 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 18 Aug 2017
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 14 Sep 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 15 Sep 2017
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 20 Sep 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 18 Oct 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 19 Oct 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 20 Oct 2017
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 15 Nov 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 16 Nov 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 17 Nov 2017
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 14 Dec 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 15 Dec 2017
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 20 Dec 2017
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 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

Trading Hours

Regular Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:5017:3018:3020:30
Last Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:5012:0020:30

Transaction Fees

Fee TypeFee
Exchange transactions: Standard fees (A-accounts)EUR 0.30 per contract
TES transactions: Standard fees (A-accounts)EUR 0.30 per contract
Position Closing AdjustmentsEUR 0.60 per contract
Cash settlementEUR 0.30 per contract
Exercise 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 500 contracts.

Parameters

Maximum Spreads

Two Market-Making schemes are available


1) During the transition phase until 30 September 2017; in this scheme, Market Makers are required to quote both options:

Bid up to

Maximum Spread

20.40 points
> 2 - 2020 percent of the bid price
> 204 points

In Fast Market, the maximum spreads will be increased by 100 percent.


2) Quotation only of OVS2:

Bid up to

Maximum Spread

20.20 points
> 2 - 2010 percent of the bid price
> 202 points

In Fast Market, the maximum spreads will be increased by 100 percent.

Minimum Quote Size

250 contracts on the bid and ask side.

The minimum quote duration is 70 percent of the full trading time for calls and puts in five out of eleven strikes near the current at-the-money index value (on a monthly average).
Four out of eight contract months have to be quoted.

Mistrade Ranges

The maximum spread depends on the bid price. A deviation of the mistrade transaction price from the reference price in the case of OVS and OVS2 shall be deemed significant, if it exceeds more than 50 percent of the respectively valid maximum spread for OVS and OVS2.

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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