TSE REIT Index Options
Contract Specifications
| Underlying Index | TSE REIT Index | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Date | June 25, 2018 (Introduction of Regular Contract Months on April 13, 2026) | ||||||||||||||||||||||||||
| Trading hours |
8:45-15:45, 17:00-6:00 (Note) An order acceptance period ("pre-closing") is established for 5 minutes before the Itayose on close. Trading Hours |
||||||||||||||||||||||||||
| Contract Months | 3 months in the March quarterly cycle (March, June, September and December) | ||||||||||||||||||||||||||
| Strike Prices |
|
||||||||||||||||||||||||||
| Last Trading Day | The business day preceding the second Friday of each expiration month (When the second Friday is a non-business day, it shall be the preceding business day.). Trading in a new expiration month begins on the business day following the last trading day. |
||||||||||||||||||||||||||
| Exercise Type | European. The option may be exercised only at its expiration. | ||||||||||||||||||||||||||
| Contract Unit | Option Price × ¥1,000 | ||||||||||||||||||||||||||
| Tick Size | 1 points | ||||||||||||||||||||||||||
| Price Limits |
|
||||||||||||||||||||||||||
| Circuit Breaker Rule (SCB) | In the case where there was a trade, etc. in the central contract month at the upper or lower price limit range, trading in all contract months will be suspended for at least 10 minutes. Price Limits/ Circuit Breaker Rule |
||||||||||||||||||||||||||
| Strategy Trades | Unavailable | ||||||||||||||||||||||||||
| J-NET Trading | Available (Tick size:0.0001 point, Minimum trading unit: 1 unit) J-NET Trading |
||||||||||||||||||||||||||
| Flexible Options Trading | Available Flexible Options Trading |
||||||||||||||||||||||||||
| Holiday Trading | Available Holiday Trading |
||||||||||||||||||||||||||
| Settlement Price | Theoretical price
|
||||||||||||||||||||||||||
| Final Settlement Price | Special Quotation (SQ calculation is based on the total opening prices of each component stock of TSE REIT Index on the business day following the last trading day.) |
||||||||||||||||||||||||||
| Margin | Calculated by VaR Method Margin Calculation Method (VaR Method) for Futures and Options (JSCC) |
||||||||||||||||||||||||||
| Settlement method |
|
||||||||||||||||||||||||||
| Give-Up | Available Give-Up System |
||||||||||||||||||||||||||
| Position-Transfer | Available Position Transfer System（JSCC） |