As per the Circular dated 12th July 2021, Multi Commodity Exchange of India (MCX) is launching Silver Mini Options Contracts with Silver Mini (5 Kilograms) Futures as underlying. Five contracts of Silver Mini Options with the expiries of 20 August 2021, 19 November 2021, 17 February 2022, 20 April 2022, and 21 June 2022 will be available for trading with effect from Monday, July 19, 2021.
The Contract Specifications of the Silver Mini options contract is as below:
|Trading & Delivery unit||One MCX Silver Mini Futures Contract|
|Price quote||5 Kgs|
|Tick size||₹ 0.50|
|Strike Price Intervals||₹250|
|Contract Start Day||16th day of contract launch month. If 16th day is a holiday then the following business day.|
|Expiry date||Three business days prior to the first business day of tender period of the underlying futures contract.|
|Option type||European Call & Put Options|
|Settlement of premium/Final Settlement||T+1 day|
For more details on contract specifications of Silver Mini Options – Refer this.