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Index Options - PSI 20
| PSI 20® Index Options | |
| Exchange contract code | PSX |
| Contract size | Contract valued at € 1 per index point (e.g. value € 5,400 at 5,400.00) |
| Unit of trading | 1 |
| Pricing unit/quotation | Euros per index point |
| Minimum price movement (tick size and value) | See applicable tick size table [1] |
| Option style | European style Holders of long positions are only entitled to exercise their options on the expiration date. |
| Expiry months | 1, 2, 3 monthly; 6, 9 months quarterly (of the March, June, September, December cycle) |
| Introduction of new exercise prices and exercise price intervals | See the document "Series Introduction Policy PSI 20 Index Options" in "Related documentation" to find the series introduction policy. |
| Introduction of new expiry months | New expiry months are available for trading on the first business day after the expiry of a maturity |
| Wholesale services | Large-in-Scale Facility. See the “LIS Thresholds” document for the minimum size thresholds. |
| Euronext market | Amsterdam |
| 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. |
| Exercise | Exercise until 19:45 CET on Last Trading Day only[2] |
| Settlement | Cash Settlement based on the EDSP |
| Settlement day | First business day after the Last Trading Day |
| Exchange Delivery Settlement Price (EDSP) | The closing price of the PSI 20 Index (17:40 CET) on the Last Trading Day. |
| Option premium | Payable in full by the buyer on the business day following a transaction. |
| Clearing organization | Euronext Clearing |
| Trading hours | Central Order Book: 09:01 – 17:30 CET Large-in-Scale Facility: 07:15 – 18:30 CET |
| Trading platform | Optiq |
| Algorithm | Central order book applies a price-time trading algorithm with priority given to the first order at the best price. |
| Last update | 9 SEP 2024 |
| [1] See the document "Financial derivatives tick sizes" in "Related documentation" to find the applicable tick table per class. [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. | |
| This product may not be offered and sold to US persons |