Commodity

Bloomberg Commodity Options (OCCO)

  • Currency
    USD
  • Product ISIN
    DE000A0YK546
  • Underlying ISIN
    DE000A0YK504

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    Contract Specifications

    Contract standards

    ContractProduct IDUnderlying
    Bloomberg Commodity OptionsOCCOBloomberg Commodity IndexSM

     

    The Bloomberg Commodity IndexSM measures the performance of 22 different commodities in total. The calculation of the index is based on the prices of commodity futures at different exchanges. Furthermore there are subindexes and indexes where certain commodities are excluded (ex-indexes). The options refer to the excess return version of the Bloomberg Commodity IndexSM.

     

    Contract value

    USD 250 per index point of the underlying.

     

    Settlement

    Cash settlement, payable on the first exchange day following the final settlement day.

     

    Price quotation and minimum price change

    The price quotation is in points with two decimal places. The minimum price change is 0.01 points, equivalent to a value of USD 2.50.

     

    Contract months

    Up to 60 months: The three nearest successive calendar months, the three following quarterly months of the March, June, September and December cycle thereafter, the four following semi-annual months of the June and December cycle thereafter and the two following annual months of the December cycle thereafter.

     

    Last trading day and final settlement day

    Last trading day is the third Friday of each expiration month if this is an exchange day; otherwise the exchange day immediately preceding that day. Final settlement day is five exchange days following the last trading day, if this day is still within the same calendar month; otherwise the last exchange day in the calendar month, in which the contract expires..

     

    Daily settlement price

    The daily settlement price is established by Eurex. The daily settlement prices for commodity index options are determined through the Black/Scholes 76 model. The underlying reference price is the daily settlement price of the Eurex futures contract based on the index.

    Further details are available in the clearing conditions.

     

    Final settlement price

    The final settlement price is established by Eurex on the last trading day. The final settlement price is based on the closing price of the respective index on that day, provided no futures represented in the index is suspended at that time. The final settlement price is fixed with three decimal places.

     

    Exercise

    European-style; an option can only be exercised on the final settlement day of the respective option series until 20:30 CET.

     

    Exercise prices

    ContractExercise price intervals in USD for expiration months with a remaining lifetime of
    ≤ 12 months> 12 months
    Bloomberg Commodity Options510

     

    Number of exercise prices

    Upon the admission of the options, at least nine exercise prices shall be made available for each due date with a term of up to 60 months for each call and put, such that four exercise prices are in-the-money, one is at-the-money and four are out-of-the-money.

     

    Option premium

    The premium is payable in full in USD on the exchange day following the day of the trade.

    Block Trades

    Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 10 contracts

    Market-Making Parameter

    All quotation parameters at a glance

    • Quotation period
    • Maturity range
    • Spread class & Maximum Spread
    • Minimum Quote Size
    Liquidity Provider schemes

    Mistrade Parameter

    This file provides an overview of mistrade ranges for Options and Futures including information on their behavior close to expiration and in stressed markets.
     

    Mistrade Ranges

    Crossing Parameters

    (section 2.6 Eurex Trading Conditions)

    (1) Orders and Quotes relating to the same Instrument or Combined Instrument may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Trader or several Exchange Traders of an Admitted Company (a “Cross Trade”) nor pursuant to a prior understanding between Exchange Traders of two different admitted companies (a “Pre-Arranged Trade”), unless the conditions according to Paragraph 2 have been fulfilled. The same shall apply for the entry of Orders as part of a Quote.

    (2) A Cross Trade or a Pre-Arranged Trade is admissible if a participant in a Cross Trade or a Pre-Arranged Trade Eurex Trading System, announces his intention to execute a corresponding number of Contracts as Cross Trades or Pre-Arranged Trades in the Order Book (“Trade Request”). The buying participant has to ensure that he himself or the selling participant enters the Trade Request. The Order or Quote giving rise to the Cross Trade or Pre-Arranged Trade must be entered one second at the earliest and 121 seconds at the latest after the entry of the Trade Request. Entering a Trade Request without entering the respective Order or Quote is not admissible.

    (3) Paragraphs 1 and 2 shall not apply to Transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).

    (4) The automated entry functionality for Cross Trades or Pre-Arranged Trades of the Eurex Trading System may be used for entering Cross Trades or Pre-Arranged Trades. In this case, announcement and entry of the corresponding Orders pursuant to Paragraph 2 will be automated. 

    Regular Trading Day
    Pre-Trading Trading Post-Trading
    Full Late1 Late2 Restricted
    07:30 09:00 18:00 20:30
    Last Trading Day
    Pre-Trading Trading Post-Trading
    Full Late1 Late2 Restricted
    07:30 09:00
    • Jan 01
      Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

      Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

    • Jan 17
      Bloomberg | Last Trading Day

      Last Trading Day for Bloomberg Commodity Index Derivatives

    • Jan 20
      Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

      No cash payment in USD

    • Feb 17
      Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

      No cash payment in USD

    • Feb 21
      Bloomberg | Last Trading Day

      Last Trading Day for Bloomberg Commodity Index derivatives

    • Mar 21
      Bloomberg | Last Trading Day

      Last Trading Day for Bloomberg Commodity Index derivatives

    • Apr 17
      Bloomberg | Last Trading Day

      Last Trading Day for Bloomberg Commodity Index derivatives

    • Apr 18
      Interest Rates | Equity | Equity Index | Dividends | Cryptocurrency | Volatility | FX | ETF & ETC | Commodity | Holiday

      Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

    • Apr 21
      Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

      Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

    • May 01
      Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

      Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

    • May 26
      Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

      No cash payment in USD

    • Jun 19
      Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

      No cash payment in USD

    • Jun 20
      Bloomberg | Last Trading Day

      Last Trading Day for Bloomberg Commodity Index derivatives

    • Jul 04
      Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

      No cash payment in USD

    • Jul 18
      Bloomberg | Last Trading Day

      Last Trading Day for Bloomberg Commodity Index derivatives

    • Aug 15
      Bloomberg | Last Trading Day

      Last Trading Day for Bloomberg Commodity Index derivatives

    • Sep 01
      Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

      No cash payment in USD

    • Sep 19
      Bloomberg | Last Trading Day

      Last Trading Day for Bloomberg Commodity Index derivatives

    • Oct 13
      Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

      No cash payment in USD

    • Oct 17
      Bloomberg | Last Trading Day

      Last Trading Day for Bloomberg Commodity Index derivatives

    • Nov 11
      Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

      No cash payment in USD

    • Nov 21
      Bloomberg | Last Trading Day

      Last Trading Day for Bloomberg Commodity Index derivatives

    • Nov 27
      Equity | Equity Index | Bloomberg | Exchange traded commodities derivatives | FX | Brazil | Canada | Russia | USA | Holiday

      No cash payment in USD

    • Dec 19
      Bloomberg | Last Trading Day

      Last Trading Day for Bloomberg Commodity Index derivatives

    • Dec 24
      Interest Rates | Equity | Equity Index | Dividends | Volatility | ETF & ETC | Cryptocurrency | Commodity | FX | Holiday

      Eurex is closed for trading in all derivatives

    • Dec 25
      Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

      Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

    • Dec 26
      Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

      Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

    • Dec 31
      Interest Rates | Equity | Equity Index | Dividends | Volatility | ETF & ETC | Cryptocurrency | Commodity | FX | Holiday

      Eurex is closed for trading in all derivatives

    Fee Type Fee
    Exchange transactions: Standard fees (A-, M- and P-accounts) USD 1.00 per contract
    TES transactions / Eurex EnLight: Standard fees (A-, M- and P-accounts) USD 1.50 per contract
    Position Closing Adjustments (A-, M- and P-accounts) USD 2.00 per contract
    Exercise of options (A-, M- and P-accounts) USD 1.00 per contract
    Position transfer with cash transfer USD 13.00 per transaction

    Market Status

    XEUR

    3 April 2025

    8:08:01 AM


    Production newsboard

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