REFRESCO GROUP

Amsterdam Listed Stock Options

Amsterdam Listed Stock Options
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) For weekly options the tick size is € 0.01 (€ 1 per contract)
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"

Laatste update
vri, 11/08/2017
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

Clearingmarkt

LCH SA

Exchange contract

1

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

Expiry months

Weekly; 1, 2, 3 monthly; 6, 9, 12 months quarterly (of the March, June, September, December cycle); 18, 24 months half yearly (of the June, December cycle) and 36, 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 styleHolders of long positions are entitled to exercise their options before the expiration date.

Price basis

The premium threshold used for Premium Based Tick Size is set at € 5.00 for the 25 option classes of which the underlying shares make up the AEX index, as described in Amsterdam Notice 12/04, issued on 28 February 2012.
The premium threshold of the other option classes remains at € 0.50, as described in Amsterdam Notice 10/007, issued on 9 March 2010.

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

New option classes with a non-standard contract size may be listed as a result of corporate actions. See the document "Expiry Months Listed Per Class" in "Related documentation" to find an overview of these classes.

In general the premium threshold is set at € 5.00 for the 25 option classes of which the underlying shares make up the AEX index, as described in Amsterdam Notice 12/04, issued on 28 February 2012.
The premium threshold of the other option classes is € 0.50, as described in Amsterdam Notice 10/007, issued on 9 March 2010.
See the document "Premium thresholds for equity options traded at Euronext Amsterdam" in "Related documentation" to find the premium threshold per class.

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.