Weekly stock options
Characteristic |
Description |
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Underlying |
Shares traded on Borsa Italiana’s equity market |
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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 |
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Option style |
American |
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Settlement |
Physically settled |
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Quotation |
Euro |
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Tick size (in €) |
|
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Multiplier |
Same as relative stock option (Minimum lots table) |
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Contract size |
Strike price x Multiplier |
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Option price (premium) |
Option premium x Multiplier |
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Premium settlement |
Settled in cash and paid on the Euronext Clearing open day following the trading day |
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Strike prices generation |
19 strike prices, with intervals defined in the relevant table of Borsa Italiana’s Instructions |
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Contract months |
3 or 4 expiries of the current month, depending on the number of Fridays in the month (excluding the third Friday) |
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Expiry day |
The contract expires on the 1st, 2nd, 4th and 5th (if there is one) Friday of the expiry month at 8.15am CET. If the Exchange is closed that day, the contract expires on the first trading day preceding that day |
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Last trading day |
The trading day before the expiry day at 17:30 |
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Exercise at expiry day |
Automatic exercise executed by Euronext Clearing on ITM options. Exercise by exception is allowed as well by no later than 8.15am on the expiry day |
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Daily settlement prices |
Computed according to Euronext Derivatives Trading Procedures paragraph 2.2 and 2.3 |
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Settlement day |
The second open TARGET calendar day following the expiry day |
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Early exercise |
Every trading day before the expiry day by 18.30pm |
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Final settlement price |
The closing auction price of the underlying share on the last trading day |
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Strategies |
Preconfigured strategies |