MCX Silver Mini 5 Kg OPTIONS -- Full Details of the contract

MCX Silver Mini 5 Kg OPTIONS on Futures launch :

MCX will be launching New Silver Mini 5 Kg OPTIONS on futures contract for trading from Monday, 19th July, 2021.

Segment : OPTFUT

Symbol: SilverM

Trading Unit: 5 Kg

Quotation: 1 Kg

Tick Size: 0.50 Rs.

Profit / Loss Per Tick: 2.5 Rs.

Number of Strike: 25 ITM - 1 ATM- 25 OTM (call and put) strikes. Total 51 call and 51 put strikes.

Strike Interval: 250.

Buy Side Premium value: ~? 7500 (Approx. Variable due to change in premium)

Sell Side Margin amount Approx 10%: ~? 35000.

Trading Timings: 9:00 am to 11:30 pm

Settlement mechanism: Future devolvement on expiry. ( No physical delivery ).