| Oslo Listed Stock Options (American Style) | |
| Contract size | One option normally equals rights over 100 underlying shares[1] |
| Unit of trading | 100 |
| Pricing unit/quotation | NOK 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 NOK 0.25, the tick size is NOK 0.01 (NOK 1 per contract); if the premium of an order at order entry is between NOK 0.25 and 4.00, the tick size is NOK 0.05 (NOK 5 per contract); if the premium of an order at order entry is between NOK 4.00 and 8.00, the tick size is NOK 0.10 (NOK 10 per contract); if the premium of an order at order entry is above NOK 8.00, the tick size is NOK 0.25 (NOK 25 per contract). Large-in-Scale Facility: NOK 0.0001 (NOK 0.01 per contract) |
| Option style | American style Holders of long positions are entitled to exercise their options before the expiration date. |
| Expiry months | 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). See the document "Expiry Months Listed Per Class" in "Related documentation" to find out which expiry months are listed per class. |
| Introduction of new exercise prices and exercise price intervals | See the document "Euronext Series Introduction Policy for Individual Equity Option Contracts" 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 | Oslo |
| Last trading day | Trading ceases at 16:20 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 is possible until 19:15 CET on any business day, extended to 19:45 CET on third Fridays[2] |
| 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 Euronext Clearing. |
| Settlement day | The premium settlement date is the first trading day after the trading date, provided that premium settlement is specified in the contract document. The stock settlement date is two trading days after the exercise 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 – 16:20 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] 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. [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. | |
| In the United States these products may only be offered and sold to prescribed entities under specified conditions. |