Dear valued customers,
In order to promote the market liquidity and provide more trading opportunities, OKEx decides to adjust the expiration rules of the option contract. The expiration with weekly, bi-weekly, quarterly, and bi-quarterly will be extended to one-day, two-day, weekly, biweekly, monthly, quarterly, and bi-quarterly. The new rule will be applied to BTCUSD, ETHUSD, and EOSUSD option contracts. The details as follows:
1. 8:00 a.m on July 24, 2020 (UTC):
After the settlement of the day, one-day option contracts with the expiration date of July 25, 2020, two-day option contracts with the expiration date of July 26, 2020, and monthly option contracts with the expiration date of August 28, 2020 will be generated. The contracts to be available on the option market on the day will be:
a) One-day contracts to be expired on July 25, 2020
b) Two-day contracts to be expired on July 26, 2020
c) Weekly contracts to be expired on July 31, 2020
d) Bi-weekly contracts to be expired on August 07, 2020
e) Monthly contracts to be expired on August 28, 2020
f) Quarterly contracts to be expired on September 25, 2020
g) Bi-quarterly contracts to be expired on December 25, 2020
2. Generation rules of daily & monthly option contracts:
Apart from the first launch, one-day option contracts will only be generated by being converted from two-day option contracts. When the expiration dates overlap, no new contract will be generated.
When there is no overlap on the expiration date, the two-day contracts will be generated 2 days before the expiration date. Except for the first launch, the monthly option contracts will be generated on the third last Friday of the last month of the expiration date.
For example: on September 11, 2020, the two-day option contracts with the expiration date of September 13, 2020 and monthly option contracts with the expiration date of October 30, 2020 will be generated. The contracts to be available on the option market on the day will be:
a) One-day contracts to be expired on September 12, 2020
b) Two-day contracts to be expired on September 13, 2020
c) Weekly contracts to be expired on September 18, 2020
d) Bi-weekly contracts to be expired on September 25, 2020(conversion flow: bi-quarterly contracts -> quarterly contracts -> monthly contracts -> bi-weekly contracts)
e) Monthly contracts to be expired on October 30, 2020
f) Quarterly contracts to be expired on December 25, 2020
g) Bi-quarterly contracts to be expired on March 26, 2021
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKEx
July 23, 2020 (UTC)
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