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French Stock Options (American Style Exercise - 100 shares)

French Stock Options (American-Style Exercise - 100 shares)
Unit of trading

100

Quotation

Euros per share

Minimum price movement (tick size and value)

Central Order Book & Large-in-Scale Facility: € 0.01 (€ 1 per contract)

Last trading day

Trading ceases at 17:30 CET on the third Friday of the expiry month. In the event that the third Friday is not a business day, the Last Trading Day shall normally be the last business day preceding the third Friday. For weekly options see the document "Weekly Options Lifetime and Last Trading Day" in "Related documentation"

Last update
Mon, 30/10/2017
Trading Hours

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

Trading platform

UTP

Full contract specification and related documents
American style stock options (100 Share Contracts)Expiry Months Listed Per ClassEuronext Series On Request Policy for Individual Equity Options and Index OptionsEuronext Wholesale FacilitiesEuronext Series Introduction Policy for Individual Equity OptionsWeekly Options Lifetime and Last Trading Day
Algorithm

Central order book applies a price-time trading algorithm with priority given to the first order at the best price

Wholesale service

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

Clearing

LCH.Clearnet S.A.

Exchange contract

6

Exercise
European American Capped (American)
Exercise day

Exercise is possible until 19:15 CET on any business day, extended to 19:45 CET on third Fridays[2]

Expiry months

Weekly 1, 2, 3 monthly; 6, 9, 12 months quarterly (of the March, June, September, December cycle); 18, 24, 30, 36 months half yearly (of the June, December cycle) and 48, 60 months yearly (of the December cycle). See the document "Expiry Months Listed Per Class" in "Related documentation" to find out which expiry months are listed per class.

Option style

American style
Holders of long positions are entitled to exercise their options before the expiration date.

Settlement

Physical delivery of 100 shares (or other such number of shares as determined by the terms of the contract) through the settlement system of LCH.Clearnet SA.

Settlement day

Two business days after the exercise day

Contract Size

One option normally equals rights over 100 underlying shares

Market: Paris

Option Premium: Payable in full by the buyer on the business day following a transaction.

1 - Apart from exceptions or temporary adjustments for corporate actions.
2 - On the Last Trading Day, in-the-money options are automatically exercised, unless contrary instructions are received from the client/member. Please check the exact exercise rules with your broker.

In the United States these products may only be offered and sold to prescribed entities under specified conditions.