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Quantitative Finance · Glossário

O que é Lot size, notional and premium turnover?

Também chamado de: lot size (derivatives) · notional turnover · premium turnover

Definition 27.1 Markets I: The Ecosystem and Exchange-Traded Markets · Capítulo 27 — Options Markets in Europe and Asia

The lot size of a derivative is the number of units of underlying per contract: another name for the multiplier, used where contracts are specified in shares or index units per lot. Notional turnover is contracts times lot size times the underlying’s price. Premium turnover is, for options, contracts times lot size times the option’s price: the money that actually changed hands.

Four invented markets. M1, weekly index options with a small lot, has 98% of the contracts, 48% of the notional and 38% of the premium; M2, a large-contract index option, has under 1% of the contracts and 55% of the premium. Data: the tutorial.
Figure 27.1. Four invented markets. M1, weekly index options with a small lot, has 98% of the contracts, 48% of the notional and 38% of the premium; M2, a large-contract index option, has under 1% of the contracts and 55% of the premium. Data: the tutorial.
Listed derivatives volume by region. The 2025 figures are the industry association’s; 2024 is derived from its published year-on-year changes. Asia-Pacific went from 170 to 76 billion contracts while every other region grew. Data: .
Figure 27.2. Listed derivatives volume by region. The 2025 figures are the industry association’s; 2024 is derived from its published year-on-year changes. Asia-Pacific went from 170 to 76 billion contracts while every other region grew. Data: Box 22.1.
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