Adjustment in Futures and Options contracts of Sun Pharma

Adjustment in Futures and Options contracts of Sun Pharma

sunpharmaSun Pharmaceuticals Industries Limited (SUNPHARMA), has announced Bonus Issue in the ratio of 1:1 due to which  there would be  adjustment in  Futures and Options contracts. The ‘adjustment factor’ for the corporate action shall be 2 and the ex-date for the corporate action shall be July 29, 2013.

For Example :

Positions before & after  for Futures  in Sun Pharma EOD 26th July 2013 & 29th July 2013 :

Security

Expiry Date Long position EOD 26.07.2013 Short position EOD 26.07.2013 A Long position Short position

Symbol

Day

on 29.07.2013

on 29.07.2013

 

After

   
       
SUNPHARMA

29-Aug-13

1000

0

 

2000

0

SUNPHARMA

26-Sep-13

0

1000

 

0

2000

SUNPHARMA

31-Oct-13

0

2000

 

0

4000

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