BB - just trying to clarify the details, no big deal but the ASX...

BB -

just trying to clarify the details, no big deal but the ASX site has the following:

MINIs
Features
Underlying assets Issued over Shares, indices, currencies and commodities
Term to expiry Open-ended no expiry date
Exercise style American
Exercise price Amended daily
Code abbreviation 6 letter code with the fourth letter being a K, Q or M
Initial payment Share price - exercise Price (equity MINI long)
Funding costs Charged on a daily basis if MINI held overnight
Settlement Deliverable or cash settled
Other features Limited recourse loan and stop loss level to limit losses to initial outlay


you're right about CALL buyers taking a punt, some wouldn't be too happy right now?

anyhow I've had enough for one night, thanks for replies.