| AEX-index® Daily Options | |
| Exchange contract code | A1, A2, A3, A4, A5, A6, A7, A8, A9, A10, A11, A12, A13, A14, A15, A16, A17, A18, A19, A20, A21, A22, A23, A24, A25, A26, A27, A28, A29, A30, A31 |
| Contract size | Contract valued at € 100 per index point (e.g. value € 39,000 at 390.00) |
| Unit of trading | 100 |
| 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 | Provided that the day is a normal business day and provided that no other monthly or weekly AEX-index option expires on that day, the option class with symbol A1 expires on the first calendar day of a month, the option class with symbol A2 expires on the second calendar day of a month, the option class with symbol A3 expires on the third calendar day of a month, etc. |
| Introduction of new exercise prices and exercise price intervals | See the document "Series Introduction Policy AEX-index Options" in "Related documentation" to find the series introduction policy. |
| Introduction of new expiry months | The first day of trading of a daily option class is the first normal business day preceding the expiry day |
| 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 16:00 CET on the last trading day of the specific daily option class. |
| Exercise | Exercise until 19:15 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) | 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[3] |
| 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. [3] Please refer to Amsterdam Notice AN 12–22 issued on 26 July 2012 which provides details of the procedures to be followed when determining the closing settlement price in case of special market circumstances. | |
| In the United States this product may only be offered and sold to prescribed entities under specified condition. |