IME STOCK OPTION (UNDERLYING: ISHARES MSCI EUROPE UCITS ETF (DIST))

Contract specifications ETF options (Amsterdam)

Contract specifications ETF options Amsterdam
Unit of trading

100

Quotation

Euros per share

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 the premium threshold, the tick size is € 0.05 (€ 5 per contract)
The premium threshold is equal to € 0.50
For weekly options the tick size is € 0.01 (€ 1 per contract)
Large-in-Scale Facilities : € 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
Tue, 03/05/2016
Trading Hours

Central Order Book 09:06 – 17:30 CET
Large-in-Scale Facility 07:00 – 18:30 CET

Trading platform

UTP

Algorithm

Central order book applies a Price Pro Rata trading algorithm. With this algorithm priority is given to orders at the best price (highest for a bid, lowest for an offer). If there are several orders at this best price, equal priority is given to every order at this price and incoming business is divided among these orders in proportion to their volume

Wholesale service

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

Clearing

LCH S.A.

Exercise day

Exercise is possible until 19:15 CET on any business day, extended to 19:45 CET on the Last Trading Day

Expiry months

Weekly; 1, 2, 3 monthly; 6, 9, 12 months quarterly (of the March, June, September, December cycle).

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 SA.

Settlement day

Two business days after the exercise day

Contract Size

One option normally equals rights over 100 underlying shares

Apart from exceptions or temporary adjustments for corporate actions.
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.