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MCX begins options trading on zinc futures

The MCX or the Multi Commodity Exchange of India Limited, which is the India’s largest commodity exchange, on Friday stated that it started trading in zinc options contract, till 5.00 pm, with zinc (5 MT) futures as the underlying asset valued at Rs 27.47 crore, with a traded volume of 257 lots. (One lot equals 5 MT)

Presently, the options contracts ending in the months of July, August & September were offered for trading.

Each expiry shall have a minimum of 15 strikes available for call & put options.

The zinc options contract will cater its share holders more flexibility to hedge and manage their price exposures, the Exchange said.

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