NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : FUTURES & OPTIONS Download Ref No : NSE/FAOP/38020
Date : June 14, 2018
Circular Ref. No : 53/2018
All Members, Adjustment of Futures and Options contracts in the security MCDOWELL-N In pursuance of SEBI guidelines for adjustments to futures and options contracts on announcement of corporate action, the members are informed of the following: United Spirits Limited has informed the Exchange that the Company has fixed Record Date as June 18, 2018 for the purpose of Sub-division of 1 equity shares of face value of Rs.10/- per equity shares into 5 equity shares of face value of Rs.2/- per equity share subject to approval by the shareholders of the Company by way of special resolution. Symbol Stock split ratio Ex-date
: MCDOWELL-N : 5:1 : June 15, 2018
Adjustment factor: Adjustment factor for Stock split of A: B is defined as (A/B). In the case of MCDOWELL-N, the adjustment factor is (5/1) = 5, since the split ratio is 5:1. Adjustments for Options Contracts:
1. Strike Price: The adjusted strike price shall be arrived at by dividing the old strike price by the adjustment factor. 2. Market Lot: The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 1250. Adjustments for Futures Contracts: 1. Futures price: The adjusted futures price shall be arrived at by dividing the old futures price by the adjustment factor. 2. Market Lot: The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 1250. The above changes shall be effective from June 15, 2018. Members are advised to load the updated contract.gz file in the trading application before trading on June 15, 2018. This file can be obtained from the directory faoftp/faocommon on the Extranet server.
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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The revised Quantity Freeze limit for contracts of MCDOWELL-N with effect from June 15, 2018 will be 62500. The details of the revised option strike prices available and revised strike scheme (step value and number of strikes), applicable for trading in the security MCDOWELL-N are given in Annexure - 1 and Annexure - 2 respectively. For and on behalf of National Stock Exchange of India Limited
Khushal Shah Associate Vice President
Toll Free No 1800-266-0053
Fax No +91-22-26598155
Email id
[email protected]
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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Annexure-1 Sr. No.
Instrument
Symbol
Expiry Date
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43
OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK
MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N
28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 28-JUN-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 26-JUL-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018
Old Strike Price 2400.00 2500.00 2600.00 2700.00 2800.00 2900.00 3000.00 3100.00 3200.00 3300.00 3400.00 3500.00 3600.00 3700.00 3800.00 3900.00 4000.00 4100.00 4200.00 4300.00 2400.00 2500.00 2600.00 2700.00 2800.00 2900.00 3000.00 3100.00 3200.00 3300.00 3400.00 3500.00 3600.00 3700.00 3800.00 3900.00 4000.00 4100.00 4200.00 4300.00 2400.00 2500.00 2600.00
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
Revised Strike Price 480.00 500.00 520.00 540.00 560.00 580.00 600.00 620.00 640.00 660.00 680.00 700.00 720.00 740.00 760.00 780.00 800.00 820.00 840.00 860.00 480.00 500.00 520.00 540.00 560.00 580.00 600.00 620.00 640.00 660.00 680.00 700.00 720.00 740.00 760.00 780.00 800.00 820.00 840.00 860.00 480.00 500.00 520.00 Page 3 of 4
44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK OPTSTK
MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N MCDOWELL-N
30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018 30-AUG-2018
2700.00 2800.00 2900.00 3000.00 3100.00 3200.00 3300.00 3400.00 3500.00 3600.00 3700.00 3800.00 3900.00 4000.00 4100.00 4200.00 4300.00
540.00 560.00 580.00 600.00 620.00 640.00 660.00 680.00 700.00 720.00 740.00 760.00 780.00 800.00 820.00 840.00 860.00
Annexure – 2
Symbol
Applicable Step value
No. of Strikes Provided In the money - At the money Out of the money
MCDOWELL-N
20
7 -1- 7
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
No of additional strikes which may be enabled intraday 7
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