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Options on Crude Palm Oil Futures (OCPO) Specifications

EXCHANGE Bursa Malaysia Derivatives (BMD)
Puts: P OCPO
TYPE European Options
UNDERLYING INSTRUMENT Crude Palm Oil futures contract (FCPO)
CONTRACT SIZE One Crude Palm Oil futures contract (of a specified month) of 25 metric tons (MT)
TICK SIZE RM0.50 per MT (RM12.50 per contract)
STRIKE PRICE INTERVALS Trading shall be conducted for put and call options with striking prices in integral multiples of RM50 per MT. There will be at least 11 strike prices (five are in-the-money, one is at-themoney and five are out-of-the-money).
CONTRACT MONTHS Monthly (list the third, fourth, fifth and sixth forward months) then alternate months going out 24 months of the FCPO contract. The first spot option contract month will be trading the 3rd month FCPO contract.
DAILY PRICE LIMIT There will be no daily price limits.
LAST TRADING DAY The spot options will cease trading at 6.00 pm on the 10th day of every month, or the preceding business day if the 10th is a nonbusiness day. The futures position will be delivered at end-of-day process and will be available for trading on the next day.
EXERCISE In the absence of contrary instructions delivered to the Clearing House, an option that is in-the money at expiration shall be automatically exercised. Exercise results in a long 3rd month FCPO position, which corresponds with the option’s contract month for a call buyer or a put seller, and a short 3rd month FCPO position for a put buyer or a call seller.
EXPIRATION Unexercised Crude Palm Oil futures options shall expire at 6.00 pm on the last day of trading.
TRADING HOURS First trading session: Malaysian time 10:30 a.m to 12:30 p.m
Second trading session: Malaysian time 2:30 p.m. to 6:00 p.m.
Revision of Trading Hours:
New trading hours for this contract will commence half hour earlier at 2:30pm Malaysia time starting from 26 February 2018.
SPECULATIVE POSITION LIMIT 10,000 futures equivalent contracts net long or net short for any single month.
15,000 futures equivalent contracts for all contract months combined.
*Speculative Position Limits are combined together with the CONTRACT SIZE FCPO contract.


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