The Australian Securities Exchange (ASX) has made enhancements to the S&P/ASX 200 Index Option (ticker code XJO) to better meet the needs of investors and offer more opportunities for trading.
Index options provide wide coverage of the share market. Traditionally, ASX has listed index options out to the four calendar-end quarters of March, June, September and December. ASX has now introduced XJO serial options that expand the range of available options to cover the immediate three expiry months at any point in time. The serial options expire in the nearest two months that are not already covered by existing XJO Index Options that expire quarterly.
The introduction of serial options on the index will also include the extension of the four quarter expiries to six quarters.
Detailed product information and the benefits offered by index options are attached.
