Notice Board

Launch of Silver Mini Options Contracts w.e.f 19th July 2021

By 16/07/2021 No Comments

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:

Parameter Specification
Symbol SILVERM
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.

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