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Index options (XJO index options)



Index options give you exposure to a market index, such as the S&P/ASX 200. They offer similar benefits to options traded over shares in individual companies with the added benefit that they offer exposure to the broad range of securities that make up an index.  Referred to as (XJO Index Options) provide wide coverage of the share market. Regarded as a leading benchmark by professional investors for broad movements in the stock market, the S&P/ASX200 Index reflects the prices of the largest 200 stocks currently listed on ASX, and represents almost 80% of the market as a whole.


  • • A$10 per index point
  • • Day session open 9.50am till 5pm and 5.30pm to 7pm (Sydney time)
  • • Average daily volume for FY15/16 was approximately 50,000 contracts a day
  • • Volume for FY15/16 was 12,751,999 contracts
  • • Open Interest at over 1,000,000 contracts open

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RISK DISCLAIMER: Trading in futures products entails significant risks of loss which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies cited herein is not necessarily indicative of future performance. The information contained herein is provided to you for information only and believed to be drawn from reliable sources but cannot be guaranteed; Phillip Capital Inc. assumes no responsibility for errors or omissions. The views and opinions expressed in this letter are those of the author and do not reflect the views of Phillip Capital Inc. or its staff.