CAC-index® Daily Options 
Exchange contract code P1, P2, P3, P4, P5, P6, P7, P8, P9, P10, P11, P12, P13, P14, P15, P16, P17, P18, P19, P20, P21, P22, P23, P24, P25, P26, P27, P28, P29, P30, P31
Contract size Contract valued at € 10 per index point (e.g. value € 60,000.00 at 6,000.00)
Unit of trading 10
Pricing unit/quotation Euros per index point
Minimum price movement (tick size and value) Central Order Book: € 0.10 (€ 1 per contract)
Large-in-Scale Facility: € 0.0001 (€ 0.001 per contract)
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 CAC-index option expires on that day, the option class with symbol P1 expires on the first calendar day of a month, the option class with symbol P2 expires on the second calendar day of a month, the option class with symbol P3 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 CAC 40 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 Paris
Last trading day Trading ceases at 16:00 CET/CEST on the last trading day of the specific daily option class.
Exercise Exercise until 19:15 CET/CEST on Last Trading Day only[1]
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 CAC index values calculated and disseminated at one minute intervals between, and including, 15:40 and 16:00 CET/CEST. 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 LCH S.A. 
Trading hours Central Order Book: 09:01 – 17:30 CET/CEST
Large-in-Scale Facility: 07:15 – 18:30 CET/CEST
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 14 December 2023
  [1] 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 this product may only be offered and sold to prescribed entities under specified condition.