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Index Options - AEX-index - Daily

 AEX-index® Daily Options 
Exchange contract codeA1, 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 sizeContract valued at € 100 per index point (e.g. value € 39,000 at 390.00)
Unit of trading100
Pricing unit/quotationEuros per index point
Minimum price movement (tick size and value)See applicable tick size table [1]
Option styleEuropean style
Holders of long positions are only entitled to exercise their options on the expiration date.
Expiry monthsProvided 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 intervalsSee the document "Series Introduction Policy AEX-index Options" in "Related documentation" to find the series introduction policy.
Introduction of new expiry monthsThe first day of trading of a daily option class is the first normal business day preceding the expiry day
Wholesale servicesLarge-in-Scale Facility.
See the “LIS Thresholds” document for the minimum size thresholds.
Euronext marketAmsterdam
Last trading dayTrading ceases at 16:00 CET on the last trading day of the specific daily option class.
ExerciseExercise until 19:15 CET on Last Trading Day only[2]
SettlementCash Settlement based on the EDSP
Settlement dayFirst 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 premiumPayable in full by the buyer on the business day following a transaction.
Clearing organizationEuronext Clearing
Trading hoursCentral Order Book: 09:01 – 17:30 CET
Large-in-Scale Facility: 07:15 – 18:30 CET
Trading platformOptiq
AlgorithmCentral order book applies a price-time trading algorithm with priority given to the first order at the best price. 
Last update9 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.