AEX INDEX WEEKLY OPTION (AX1 AX2 AX4 AX5)

AEX Index® Weekly Options

AEX Index® Weekly Options
Unit of trading

100

Quotation

Euros per index point

Minimum price movement (tick size and value)

Central Order Book:
If the premium of an order at order entry is below or equal to the premium threshold, the tick size is € 0.01 (€ 1 per contract)
If the premium of an order at order entry is above or equal to the premium threshold, the tick size is € 0.05 (€ 5 per contract)
The premium threshold is equal to € 1.50
Large-in-Scale Facility: € 0.01 (€ 1 per contract)

Last trading day

Trading ceases at 16:00 CET on the last trading day of the specific weekly option class. In the event that this Friday is not a business day, the Last Trading Day shall normally be the last business day preceding this Friday

Exchange delivery Settlement Price (EDSP)

Price determined on the Last Trading Day as the average of the AEX-index values calculated and disseminated at one minute intervals between, and including, 15:30 and 16:00 CET. The EDSP value is rounded to two decimal places

Last update
Tue, 06/06/2017
Trading Hours

Central Order Book 09:01 – 17:30 CET
Large-in-Scale Facility 07:00 – 18:30 CET

Legal Delivery/Expiry Month

Dec 2004 Onwards

Trading platform

UTP

Algorithm

Central order book applies a price-time trading algorithm with priority given to the first order at the best price. Depending on the outcome of the Liquidity Provider auction, in certain classes Price/Time preferencing can be active, which means that Primary Market Makers (PMM) have a right to a certain percentage of the turnover traded at the PMM’s best bid or offer

Wholesale service

Large-in-Scale Facility, AtomX.
See the “Euronext Wholesale Facilities” document for the minimum size thresholds

Clearing

LCH.Clearnet SA.

Exchange contract

c

Exercise day

Exercise until 19:15 CET on Last Trading Day only

Expiry months

There are four weekly option classes. See “Related documentation” to find out the specific lifetime per weekly option class

Maturities

From one Friday to the next. There are four weekly option classes. See “Related documentation” below to find out the specific lifetime per weekly option class.

Option style

European style.Holders of long positions are only entitled to exercise their options on the expiration date.

Settlement

Cash Settlement based on the EDSP

Settlement day

First business day after the Last Trading Day

Contract Size

Contract valued at € 100 per index point (e.g. value € 39,000 at 390.00)

Market: Amsterdam

Exercise Price Intervals: The interval between Exercise Prices is determined by the lifetime of the expiry month, and its proximity to the at-the-money strike.

Introduction of exercise prices: A price established on the trading day will used as the reference to determine the introduction of additional exercise prices on the next trading day in order to list the minimum number of exercise prices as determined by the strike introduction policy.

Related documentation: AEX weekly options lifetime and last trading day.

For Index Derivatives Quote Vendor Codes, please go to Quote vendor codes