OPOL is a US Dollar ("USD") denominated Options Contract traded on Bursa Malaysia Derivatives with USD RBD Palm Olein Futures Contract (FPOL) as its underlying instrument. It is the world’s first Options Contract on RBD Palm Olein, expanding 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.
Bursa Malaysia Derivatives' 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 OPOL Puts: P OPOL |
| Underlying Instrument | RBD Palm Olein futures contract (FPOL) |
| Contract Size | 25 Metric Tons (MT) |
| Contract Months | Spot month and the next 3 succeeding months, thereafter, alternate months i.e. odd months up to 24 months ahead. The first spot option contract month will be trading the 3rd month FPOL contract. |
| Trading Hours | 1st Session: 09.00 a.m. to 12.00 p.m. 2nd Session: 01.30 p.m. to 06.00 p.m. |
| Pricing Unit | United States Dollar (USD) |
| Minimum Price Fluctuation | USD 0.25 / MT |
| Expiration |
15th day 2 months prior to the spot month of the underlying
FPOL Contract or, if the 10th day is a non-Business Day, on the last
Business Day preceding the 15th day. |
| Why Trade OPOL? |
|---|
OPOL 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 Bursa Malaysia Derivatives products.
Refineries and importers can use OPOL alongside other tools in the BMD Palm Complex to enhance their risk management strategies. Traders can use OPOL 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 |
| Brochure
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