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MCX To Launch Gold Mini Options From 10 July
In a statement on Monday, Multi Commodity Exchange (MCX) said that it has received the approval of SEBI to launch Gold Mini Options with Gold Mini (100 grams) bar as an underlying asset. The exchange said that it will launch Gold Mini Options from this Friday.
Gold Mini Option August 2020, September 2020 and October 2020 contracts will be available for trading with effect from 10 July, it added. The maximum single order size will be of 100 lots, it has notified.
This comes after both BSE and NSE launched options on gold mini last month. NSE had launched gold mini options on 8 June, while BSE had launched it on 1 June.
A gold option is a type of options contract wherein gold is the underlying asset. A gold call option would give the holder the right, but not the obligation, to buy bullion at a future date at a set price and a put option would grant the holder the right to sell it a predetermined price level.
