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Stock Options - Amsterdam - 100A

 Amsterdam Listed Stock Options
Contract sizeOne option normally equals rights over 100 underlying shares
Unit of trading100 at contract initiation [1]
Pricing unit/quotationEuros per share
Minimum price movement (tick size and value)See applicable tick size table [2]
Option styleAmerican style
Holders of long positions are entitled to exercise their options before or on the expiration date.
Expiry months

Weekly; 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) and 36, 48, 60 months yearly (of the 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 intervalsSee the document "Euronext Series Introduction Policy for Individual Equity Option Contracts" in "Related documentation" to find the series introduction policy.
Introduction of new expiry monthsNew expiry months are available for trading on the first business day after the expiry of a maturity. For weekly options see the document "Weekly Options Lifetime and Last Trading Day" in "Related documentation".
Wholesale servicesLarge-in-Scale Facility.
See the “LIS Thresholds” document for the minimum size thresholds.
Euronext marketAmsterdam
Last trading dayTrading 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. For weekly options see the document "Weekly Options Lifetime and Last Trading Day" in "Related documentation".
 
ExerciseExercise is possible until 19:15 CET on any business day, extended to 19:45 CET on third Fridays [3]
SettlementPhysical 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 dayTwo business days after the exercise day
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:
Normal trading day: 07:15 – 18:30 CET
Expiry day: 07:15 – 17:30 CET
 
Trading platformOptiq
AlgorithmCentral order book applies a Price Pro Rata trading algorithm. With this algorithm priority is given to orders at the best price (highest for a bid, lowest for an offer). If there are several orders at this best price, equal priority is given to every order at this price and incoming business is divided among these orders in proportion to their volume
Last update9 SEP 2024
  
 [1] Apart from exceptions or temporary adjustments for corporate actions. See the document "Unusual Contract sizes" in "Related documentation" to find an overview of non-standard contract size classes.
[2] See the document "Financial derivatives tick sizes" in "Related documentation" to find the applicable tick table per class.
[3] 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.
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