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EUUSR-17F 1,0853      |   DEDJIA-17F 20.754      |   EUUSR-17I 1,0984      |   DEDJIA-17I 20.859      |   

*Options contracts having futures contracts as underlying with settlement dates following SEPTEMBER 2014 is temporary suspended!
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An option is a contract between two parties, giving the buyer the right, but not the obligation to buy or sell a certain quantity of commodity, currency, or other financial instruments at a predetermined price on or before a predetermined date (settlement date).
The difference from a futures contract is that, in the case of options, the buyer can decide not to use this right of buying or selling, whereas in the case of a futures contract the buyer is required to respect the prior commitment.

There are two types of options: CALL options and PUT options. Call options give the right but not the obligation to buy the undying asset until the settlement date, while Put options market gives the right but not the obligation of selling the underlying asset until the settlement date.
Similar to futures contracts, options are financial derivative instruments traded at Sibex. By their flexibility and volatility they offer optimum opportunities of risk management and can be successfully traded on any market (bull market, bear market, neutral market).

  • By buying options you can win without limits with limited investment
  • Selling options, in many cases, is a strategy for neutral market.
This type of financial instrument is recommended to investors who anticipate an important increase of the underlying asset price. This contract is similar to a buy-sell contract for an apartment, at a price of 50.000 Euros, being available after three months. At the moment of signing the contract the buyer deposit a margin of 5.000 Euros and will have the certainty that after 3 months he will buy the apartment at the settled price. Even after three months the apartmentís value will increase at 58.000 Euros, the seller will be obliged to respect the contract and sell it at 50.000 Euros. But if the apartmentís price will decrease at 42.000 Euros, the buyer will have the opportunity to decide whether he will buy the apartment or not, in this way losing the margin of 5.000 Euros. The buyer can then purchase a similar apartment at 42.000 Euros, with a net profit.
The options on futures contracts having the underlying asset SIF Oltenia shares with the maturity on December 2011.
The prices on the futures market for this contract are 1.4 Ron. You speculate these shares will increase over 1.6 Ron until December 2011.

You buy a CALL option for 1.6Ron ( strike price ), which will give you the opportunity to buy if the market exceeds this level.

For this you pay 55 Ron to the seller (premium).

If the market does not exceeds this level, you loss 55 Ron or some of the premium.
If the futures price exceeds 1.6550 ( break-even point) your option transforms into money and even in profit.
For example if on futures market the trading is at 1.8, you win 145 Ron.
This type of financial instrument is recommended to investors who anticipate an important decrease of the underlying asset price, giving the buyer the right to sell a financial instrument at a predetermined price, at a specific time in the future. Assuming you own a car and you have insurance of 20.000 Euros.
The options on futures contract with the underlying asset SIF Oltenia and maturity on December 2011.
The prices on futures market on this contract are 1.6 Ron SIF Oltenia shares will fall under 1.4 Ron until December 2011.

You buy a PUT option for 1.4 Ron (strike price), option which will give you the opportunity to sell if the market falls under this level. For this you pay 60 Ron to the seller (premium). If the market will not fall under this level, you will lose maximum 60 Ron, the premium or part of it.

If the futures price is below 1.34 (the break-even point) your option transforms in money and even in profit. For example if on futures market the trading is at 1.2, you win 140 Ron.
For any question, you can write to us at marketing@sibex.ro or phone us at +40 269 211 798.

futures options spot

*Options contracts having futures contracts as underlying with settlement dates following SEPTEMBER 2014 is temporary suspended!