Fixed Income Options

(OOAT)

  • Refinitiv
    <0#OOAT+>
  • Currency
    EUR
  • Product ISIN
    DE000A1XRC52
  • Underlying ISIN
    DE000A1MAPW3

Prices/Quotes

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Statistics

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Specifications

Contract Specifications

Futures on notional short-, medium- or long-term debt instruments issued by the Federal Republic of Germany, the French Republic and the Republic of Italy with remaining terms and a coupon of:

Options onProduct IDUnderlyingRemaining term of the underlying Coupon (percent)

Euro-Schatz Futures

OGBS

Euro-Schatz Futures

1.75 to 2.25 years

6

Euro-Bobl Futures

OGBM

Euro-Bobl Futures

4.5 to 5.5 years

6

Euro-Bund Futures

OGBL

Euro-Bund Futures

8.5 to 10.5 years

6

Euro-Buxl® Futures

OGBX

Euro-Buxl® Futures

24.0 to 35.0 years

4

Euro-OAT Futures

OOAT

Euro-OAT Futures

8.5 to 10.5 years

6

Euro-BTP Futures

OBTP

Euro-BTP Futures

8.5 to 11 years

6

Contract size

One fixed income futures contract.

Settlement

The exercise of an option on fixed income futures results in the creation of a corresponding position in the fixed income futures for the option buyer as well as the seller to whom the exercise is assigned. The position is established after the Post-Trading Full Period of the exercise day, and is based on the agreed exercise price.

Price quotation and minimum price change

Options onMinimum price change
PointsValue

Euro-Schatz Futures

0.005

EUR 5

Euro-Bobl Futures

0.005

EUR 5

Euro-Bund Futures

0.01

EUR 10

Euro-Buxl® Futures

0.02

EUR 20

Euro-OAT Futures

0.01

EUR 10

Euro-BTP Futures

0.01

EUR 10

Term

Standard - up to 6 months: The three nearest successive calendar months and the following quarterly month of the March, June, September and December cycle thereafter.

Calendar months: The maturity month of the underlying futures contract is the quarterly month following the expiration month of the option.

Quarterly months: The maturity month of the underlying futures contract and the expiration month of the option are identical.


OGBL: In addition to the standard expirations, the five next weeks for the first, second, third, fourth and fifth week of the following maturity month with a weekly options expiration. In the expiration week of the standard option series, no additional weekly expiration will be available.


Between Christmas and New Year's Eve basically no expirations are available for trading as well.

Last trading day

Standard: Last trading day is the last Friday prior to the first calendar day of the option expiration month, followed by at least two exchange days prior to the first calendar day of the option expiration month.

OGBL: In addition to the standard expirations, last trading day is the Friday of the respective expiration week, if this is an exchange day; otherwise the exchange day immediately preceding that day. 

Unless at least two exchange days lie between the last Friday of a month and the first calendar day of the expiration month, the last trading day is the Friday preceding the last Friday. If this Friday is not an exchange day, the exchange day immediately preceding that Friday is the last trading day. An exchange day within the meaning of this exception is a day, which is both an exchange day at the Eurex Exchanges and a federal workday in the U.S.

If the preceding exchange day is not in the same calendar month as the Friday of the expiration week, the last trading day shall be the exchange day following the Friday of the expiration week.

If the last trading day lies between Christmas and New Year’s Eve, then the Friday preceding that day is the last trading day.

Daily settlement price

The daily settlement price is established by Eurex. The daily settlement prices for options on fixed income futures are determined trough the binomial model according to Cox/Ross/Rubinstein.

Exercise

American-style; an option can be exercised until the end of the Post-Trading Full Period (18:30 CET, on the last trading day 18:00 CET) on any exchange day during the lifetime of the option.

Exercise prices

Options onExercise price intervals in points

Euro-Schatz Futures

0.1

Euro-Bobl Futures

0.25

Euro-Bund Futures

0.50

Euro-Buxl® Futures

1.00

Euro-OAT Futures

0.25

Euro-BTP Futures

0.50

Number of exercise prices

Upon the admission of the options, at least nine exercise prices shall be made available for each term 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 settled using the futures-style method.

Block Trades

Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 100 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. 

Trading Hours

Regular Trading Day
Pre-Trading Trading Post-Trading
Full Late1 Late2 Restricted
07:30 08:00 17:15 18:30
Last Trading Day
Pre-Trading Trading Post-Trading
Full Late1 Late2 Restricted
07:30 08:00 17:15 17:45 18:00

Trading Calendar

  • 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 02
    Fixed income derivatives | Equity | Equity Index | Dividends | ETF & ETC | FX | Switzerland | Holiday

    No cash payment in CHF

  • Jan 02
    Fixed income derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss fixed income derivatives

  • Jan 05
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Jan 12
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Jan 19
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Jan 26
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (standard expiration)

  • Feb 02
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Feb 09
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Feb 16
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Feb 23
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (standard expiration)

  • Mar 01
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Mar 07
    Fixed income derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • Mar 08
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Mar 11
    Fixed income derivatives | Delivery Day

    Delivery Day for fixed income futures

  • Mar 15
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Mar 22
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (standard expiration)

  • Mar 28
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Mar 29
    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 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

  • Apr 05
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Apr 12
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Apr 19
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Apr 26
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (standard expiration)

  • 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 03
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • May 09
    Fixed income derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss fixed income derivatives

  • May 09
    Fixed income derivatives | Equity | Equity Index | Dividends | ETF & ETC | FX | Switzerland | Holiday

    No cash payment in CHF

  • May 10
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • May 17
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • May 20
    Fixed income derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss fixed income derivatives

  • May 20
    Fixed income derivatives | Equity | Equity Index | Dividends | ETF & ETC | FX | Switzerland | Holiday

    No cash payment in CHF

  • May 24
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (standard expiration)

  • May 31
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Jun 06
    Fixed income derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • Jun 07
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Jun 10
    Fixed income derivatives | Delivery Day

    Delivery Day for fixed income futures

  • Jun 14
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Jun 21
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (standard expiration)

  • Jun 28
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Jul 05
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Jul 12
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Jul 19
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Jul 26
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (standard expiration)

  • Aug 01
    Fixed income derivatives | Switzerland | Holiday

    Eurex is closed for trading and clearing (exercise and settlement) in Swiss fixed income derivatives

  • Aug 01
    Fixed income derivatives | Equity | Equity Index | Dividends | ETF & ETC | FX | Switzerland | Holiday

    No cash payment in CHF

  • Aug 02
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Aug 09
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Aug 16
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Aug 23
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (standard expiration)

  • Aug 30
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Sep 06
    Fixed income derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • Sep 06
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Sep 10
    Fixed income derivatives | Delivery Day

    Delivery Day for fixed income futures

  • Sep 13
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Sep 20
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (standard expiration)

  • Sep 27
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Oct 04
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Oct 11
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Oct 18
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Oct 25
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (standard expiration)

  • Nov 01
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Nov 08
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Nov 15
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Nov 22
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (standard expiration)

  • Nov 29
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Dec 06
    Fixed income derivatives | Last Trading Day

    Last Trading Day for fixed income futures

  • Dec 06
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Dec 10
    Fixed income derivatives | Delivery Day

    Delivery Day for fixed income futures

  • Dec 13
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • Dec 20
    Fixed income derivatives | Last Trading Day

    Last trading day for options on fixed income futures (weekly expiration)

  • 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

Transaction Fees

Fee Type Fee
Exchange transactions: Standard fees (A-accounts) EUR 0.25 per contract
Exchange transactions: Standard fees (M- and P-accounts) EUR 0.20 per contract
TES transactions / Eurex EnLight: Standard fees (A-accounts) EUR 0.25 per contract
TES transactions / Eurex EnLight: Standard fees (M- and P-accounts) EUR 0.20 per contract
Position Closing Adjustments (A-accounts) EUR 0.50 per contract
Position Closing Adjustments (M- and P-accounts) EUR 0.40 per contract
Exercise of options (A-accounts) EUR 0.25 per contract
Exercise of options (M- and P-accounts) EUR 0.20 per contract
Assignment of options (A-accounts) EUR 0.25 per contract
Assignment of options (M- and P-accounts) EUR 0.20 per contract
Position transfer with cash transfer EUR 7.50 per transaction

Market Status

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

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