FTSE MIB index weekly options (WMIBO)
Characteristic |
Description |
Underlying |
FTSE MIB index |
Trading hours |
- Opening Auction: 7.30 - 9.01 (9.01.00 - 9.01.30) - Continuous Trading: 9.01 - 17.30 - Large-in-Scale Trade Facility (LiS): 7.30 - 18.30 |
Options style |
European |
Settlement |
Cash settled |
Quotations |
Index points |
Tick size (in index point) |
- On-book trading: 1 |
Multiplier (value of 1 index point) |
€ 2.5 |
Contract size |
Strike price x Multiplier |
Option price (premium) |
Option premium x Multiplier |
Premium settlement |
Settled in cash and paid on the Euronext Clearing open day following the trading day |
Strike prices generation |
21 strike prices with intervals of 100 index points |
Contract months |
3 or 4 weekly expiries of the current month, depending on the number of Fridays in the month (excluding the third Friday) |
Expiry day |
The contract expires on the 1st, 2nd, 4th and 5th (if there is one) Friday of the expiry month at 9.05am. If the Exchange is closed that day, the contract expires on the first trading day preceding that day |
Last trading day |
Expiry day, until 9.05 |
Exercise at expiry day |
Automatic exercise executed by Euronext Clearing on ITM options |
Daily settlement price |
Computed according to Euronext Derivatives Trading Procedures paragraph 2.2 and 2.3 |
Settlement day |
The first open Euronext Clearing calendar day following the expiry day |
Final settlement price |
The value of the FTSE MIB index, calculated using the opening auction prices of each constituent on the last trading day. If the opening auction price of any constituent has not been established by the end of the last trading day, Borsa Italiana defines the constituent price on the basis of the prices recorded in the last trading session and taking into account any other relevant objective elements available |
Strategies |
Preconfigured strategies |