NCDEX launches options on guar gum futures contracts
This story was originally published at 20:38 IST on 11 December 2024
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MUMBAI – The National Commodity and Derivatives Exchange Ltd on Wednesday launched options on guar gum futures. The underlying of the options contracts will be futures on guar gum as per the contract specifications, the exchange said in a circular.
The trading unit of options on guar gum is 5 tonnes and the maximum order size is 250 tonnes. The tick size of the contract will be 50 paise per 100 kg, NCDEX said.
The options type is European, which can be exercised only on the day of expiration of the options contract. On expiry, the outstanding open position will result in devolvement into guar gum futures.
The transaction charges applicable on options on guar seed futures and options on guar gum futures contracts will be at a flat rate of INR 30 per INR 100,000 turnover of premium turnover value effective from Wednesday, the release said. End
Reported by Sandeep Sinha
Edited by Akul Nishant Akhoury
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