NATIONAL STOCK EXCHANGE OF INDIA LIMITED

FUTURES & OPTIONS SEGMENT

CIRCULAR

 

 

Circular No: NSE/F&O/120/2008                                                             October 31, 2008

Download No: NSE/FAOP/11573

 

Dear Members,

 

Subject: Adjustment of Futures and Options contracts in the security Opto Circuits (India) Limited (OPTOCIRCUI)

 

 

In pursuance of SEBI guidelines for adjustments to futures and options contracts on announcement of corporate action and in continuation to circular no NSE/F&O/108/2008 dated October 06, 2008, the members are informed of the following:

 

Corporate action:

 

Opto Circuits (India) Limited has informed the Exchange that the Record Date for the purpose of issue of Bonus shares in the Ratio of 7:10 (Seven Bonus share for every Ten Equity shares held) as approved by the shareholders at their Annual General Meeting held on September 30, 2008 is fixed on November 04, 2008.

 

Symbol                        :           OPTOCIRCUI

Bonus issue ratio         :           7:10

Ex-date                       :           November 03, 2008

Record Date                :           November 04, 2008

 

Adjustment factor:

 

Adjustment factor for Bonus issue of A: B is defined as (A+B)/B. In the case of OPTOCIRCUI, the adjustment factor is 17/10 =1.7 since the bonus issue ratio is 7:10.

 

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 1020.

 

Adjustments for Futures Contracts:

 

1.   Futures Base Price: The adjusted Futures Base Price shall be arrived at by dividing the old Futures Base 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 1020.

 

The above changes shall be effective from November 03, 2008.

 

The methodology for position adjustments has been separately intimated by NSCCL.

 

Members are requested to load the following files in the NEATFO software before trading on November 03, 2008.

1.      Security.gz

2.      Contract.gz

 

These files can be obtained from the directory faoftp/faocommon on the Extranet server.

 

The details of the revised option strike prices available for trading in the security OPTOCIRCUI

on November 03, 2008 is given in Annexure I.

 

For any clarifications, members are advised to contact the following officials:

Mr. Anandha Padmanabhan and Mr. Janardhan Gujaran at 022-26598151 and 022-26598152.

 

 

 

For and on behalf of

National Stock Exchange of India Limited

 

 

 

 

Suprabhat Lala

Assistant Vice President

ANNEXURE I

 

Sr. No.

Instrument

Symbol

Expiry

Existing strike price

Revised strike price

1

OPTSTK

OPTOCIRCUI

27-Nov-08

115

67.65

2

OPTSTK

OPTOCIRCUI

27-Nov-08

120

70.60

3

OPTSTK

OPTOCIRCUI

27-Nov-08

125

73.55

4

OPTSTK

OPTOCIRCUI

27-Nov-08

130

76.45

5

OPTSTK

OPTOCIRCUI

27-Nov-08

135

79.40

6

OPTSTK

OPTOCIRCUI

27-Nov-08

140

82.35

7

OPTSTK

OPTOCIRCUI

27-Nov-08

145

85.30

8

OPTSTK

OPTOCIRCUI

27-Nov-08

150

88.25

9

OPTSTK

OPTOCIRCUI

27-Nov-08

155

91.20

10

OPTSTK

OPTOCIRCUI

27-Nov-08

160

94.10

11

OPTSTK

OPTOCIRCUI

27-Nov-08

165

97.05

12

OPTSTK

OPTOCIRCUI

27-Nov-08

170

100.00

13

OPTSTK

OPTOCIRCUI

27-Nov-08

175

102.95

14

OPTSTK

OPTOCIRCUI

27-Nov-08

180

105.90

15

OPTSTK

OPTOCIRCUI

27-Nov-08

185

108.80

16

OPTSTK

OPTOCIRCUI

27-Nov-08

190

111.75

17

OPTSTK

OPTOCIRCUI

27-Nov-08

195

114.70

18

OPTSTK

OPTOCIRCUI

27-Nov-08

200

117.65

19

OPTSTK

OPTOCIRCUI

27-Nov-08

205

120.60

20

OPTSTK

OPTOCIRCUI

27-Nov-08

210

123.55

21

OPTSTK

OPTOCIRCUI

27-Nov-08

215

126.45

22

OPTSTK

OPTOCIRCUI

27-Nov-08

220

129.40

23

OPTSTK

OPTOCIRCUI

27-Nov-08

225

132.35

24

OPTSTK

OPTOCIRCUI

27-Nov-08

230

135.30

25

OPTSTK

OPTOCIRCUI

27-Nov-08

235

138.25

26

OPTSTK

OPTOCIRCUI

27-Nov-08

240

141.20

27

OPTSTK

OPTOCIRCUI

27-Nov-08

245

144.10

28

OPTSTK

OPTOCIRCUI

27-Nov-08

250

147.05

29

OPTSTK

OPTOCIRCUI

27-Nov-08

255

150.00

30

OPTSTK

OPTOCIRCUI

27-Nov-08

260

152.95

31

OPTSTK

OPTOCIRCUI

27-Nov-08

270

158.80

32

OPTSTK

OPTOCIRCUI

27-Nov-08

280

164.70

33

OPTSTK

OPTOCIRCUI

27-Nov-08

290

170.60

34

OPTSTK

OPTOCIRCUI

27-Nov-08

300

176.45

35

OPTSTK

OPTOCIRCUI

27-Nov-08

310

182.35

36

OPTSTK

OPTOCIRCUI

27-Nov-08

320

188.25

37

OPTSTK

OPTOCIRCUI

27-Nov-08

330

194.10

38

OPTSTK

OPTOCIRCUI

27-Nov-08

340

200.00

39

OPTSTK

OPTOCIRCUI

27-Nov-08

350

205.90

40

OPTSTK

OPTOCIRCUI

27-Nov-08

360

211.75

41

OPTSTK

OPTOCIRCUI

25-Dec-08

115

67.65

42

OPTSTK

OPTOCIRCUI

25-Dec-08

120

70.60

43

OPTSTK

OPTOCIRCUI

25-Dec-08

125

73.55

44

OPTSTK

OPTOCIRCUI

25-Dec-08

130

76.45

45

OPTSTK

OPTOCIRCUI

25-Dec-08

135

79.40

46

OPTSTK

OPTOCIRCUI

25-Dec-08

140

82.35

47

OPTSTK

OPTOCIRCUI

25-Dec-08

145

85.30

48

OPTSTK

OPTOCIRCUI

25-Dec-08

150

88.25

49

OPTSTK

OPTOCIRCUI

25-Dec-08

155

91.20

50

OPTSTK

OPTOCIRCUI

25-Dec-08

160

94.10

51

OPTSTK

OPTOCIRCUI

25-Dec-08

165

97.05

52

OPTSTK

OPTOCIRCUI

25-Dec-08

170

100.00

53

OPTSTK

OPTOCIRCUI

25-Dec-08

175

102.95

54

OPTSTK

OPTOCIRCUI

25-Dec-08

180

105.90

55

OPTSTK

OPTOCIRCUI

25-Dec-08

185

108.80

56

OPTSTK

OPTOCIRCUI

25-Dec-08

190

111.75

57

OPTSTK

OPTOCIRCUI

25-Dec-08

195

114.70

58

OPTSTK

OPTOCIRCUI

25-Dec-08

200

117.65

59

OPTSTK

OPTOCIRCUI

25-Dec-08

205

120.60

60

OPTSTK

OPTOCIRCUI

25-Dec-08

210

123.55

61

OPTSTK

OPTOCIRCUI

25-Dec-08

215

126.45

62

OPTSTK

OPTOCIRCUI

25-Dec-08

220

129.40

63

OPTSTK

OPTOCIRCUI

25-Dec-08

225

132.35

64

OPTSTK

OPTOCIRCUI

25-Dec-08

230

135.30

65

OPTSTK

OPTOCIRCUI

25-Dec-08

235

138.25

66

OPTSTK

OPTOCIRCUI

25-Dec-08

240

141.20

67

OPTSTK

OPTOCIRCUI

25-Dec-08

245

144.10

68

OPTSTK

OPTOCIRCUI

25-Dec-08

250

147.05

69

OPTSTK

OPTOCIRCUI

25-Dec-08

255

150.00

70

OPTSTK

OPTOCIRCUI

25-Dec-08

260

152.95

71

OPTSTK

OPTOCIRCUI

25-Dec-08

270

158.80

72

OPTSTK

OPTOCIRCUI

25-Dec-08

280

164.70

73

OPTSTK

OPTOCIRCUI

25-Dec-08

290

170.60

74

OPTSTK

OPTOCIRCUI

29-Jan-09

125

73.55

75

OPTSTK

OPTOCIRCUI

29-Jan-09

130

76.45

76

OPTSTK

OPTOCIRCUI

29-Jan-09

135

79.40

77

OPTSTK

OPTOCIRCUI

29-Jan-09

140

82.35

78

OPTSTK

OPTOCIRCUI

29-Jan-09

145

85.30

79

OPTSTK

OPTOCIRCUI

29-Jan-09

150

88.25

80

OPTSTK

OPTOCIRCUI

29-Jan-09

155

91.20

81

OPTSTK

OPTOCIRCUI

29-Jan-09

160

94.10

82

OPTSTK

OPTOCIRCUI

29-Jan-09

165

97.05