OCPO is a Ringgit Malaysia ("MYR") denominated Options Contract traded on Bursa Malaysia Derivatives ("BMD") with Crude Palm Oil Futures Contract (FCPO) as its underlying instrument. It adds on to the array of possible risk management tools available for palm oil industry players as options contracts have very different risk-reward profiles to futures contracts.
BMD's Palm Complex offerings consolidate Malaysia's position as the leading price discovery centre for palm oil traded globally. Explore our product suite today.
| Contract Specifications | |
|---|---|
| Contract Code | Calls: C OCPO Puts: P OCPO |
| Underlying Instrument | Crude Palm Oil futures contract (FCPO) |
| Contract Size | 25 Metric Tons (MT) |
| Contract Months | Monthly (list the 3rd to 12th forward months) then alternate months going out 36 months of the FCPO contract. The first spot option contract month will be trading the 3rd month FCPO contract. |
| Trading Hours | 1st Session: 10.30 a.m. to 12.30 p.m. 2nd Session: 02.30 p.m. to 06.00 p.m. |
| Pricing Unit | Malaysian Ringgit (MYR) |
| Minimum Price Fluctuation | MYR 0.50 / MT |
| Expiration | Unexercised OCPO shall expire at 6:00 pm on the 10th of the final trading day. |
| Option Type | European Options |
| Why Trade OCPO? |
|---|
OCPO is traded electronically on CME GLOBEX®, a global electronic trading platform. Accessing CME Globex® is easy and allows individual and professional traders anywhere around the world to access all BMD products.
Plantation companies, refineries, exporters and millers can use OCPO alongside other tools in the BMD Palm Complex to enhance their risk management strategies. Traders can use OCPO to manage their market exposure efficiently as the maximum loss will be known to them.
Control a greater amount of the underlying asset with a relatively small amount of capital, multiplying potential profits through leverage.
Trade with confidence in a secure and transparent marketplace regulated by the Securities Commission Malaysia.
| Resources for Download |
| Contract Specifications English | Chinese（中文） |
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