SET50 Index Options is a contract that gives the buyer the right, but not the obligation, to buy or sell SET50 Index at a specific price on or before a certain date. An option, just like a stock or bond, is a security. It is also a binding contract with strictly defined terms and properties. The advantage of options is that you aren't limited to making a profit only when the market goes up. Because of the versatility of options, you can also make money when the market goes down or even sideways. SET50 Index Options is the second product on TFEX and was launched on October 29th, 2007.
SET50 Index Options
SET50 Index which is compiled, computed and disseminated by
the Stock Exchange of Thailand
S50C: Call Options
S50P: Put Options
THB 200 per index point
3 nearest consecutive months plus 1 quarterly month
Minimum Price fluctuations
0.10 index point
+30% of the previous day's SET50 Index
Strike Price Interval
25 points (at least 2 in-the-money strikes, 2 out-of-the-money strikes and 1 at-the-money strike).
09:15 - 09:45 hrs.
09:45 - 12:30 hrs.
13:45 - 14:15 hrs.
14:15 - 16:55 hrs
Speculative Position Limit
Net 100,000 delta equivalent SET50 Index Futures contracts on one side of the market in any contract months
of SET50 Index Futures and SET50 Index Options combined.
Last Trading Day
The business day immediately preceding the last business day of the contract month. Time at which trading ceases on Last Trading Day is 16:30 hrs.
Final Settlement Price
The final settlement price shall be the numerical value of the SET50 Index, rounded to the nearest two decimal points as determined by the exchange, and shall be the average value of the SET50 Index taken during last 15 minutes
and the closing index value, after deleting the three highest and three lowest values.
* On September 27, 2012 which is the last trading day of Option series September 2012 (U12), TFEX will not generate the series September 2013 (U13) to comply with the new features of the SET50 Index Options. However, the existing Options series will be available until their expiry dates. For example, series June 2012 (M12) will be available to trade until June 27, 2012.
** The existing Options series with a strike price interval of 10 points will be available until they expire. For example the Options series S50Z12C870 will be available to trade until the last trading day of December contract month.
SET Index, SET50 Index, SET100 Index and all indices calculated by the Stock Exchange of Thailand ( �SET� ) (collectively called "SET Index Series" ) are the registered trademarks/service marks solely owned by, and proprietary to SET. Any unauthorized use of SET Index Series is strictly prohibited. All information provided is for information purposes only and no warranty is made as to its fitness for purpose, satisfactory quality or otherwise. Every effort has been made to ensure that all information given is accurate, but no responsibility or liability (including in negligence) can be accepted by SET for errors or omissions or for any losses arising from the use of this information.