Loading... Please wait.

Stock Options - Amsterdam - 100E

  Amsterdam Listed Stock Options (European Style) 
Contract size One option normally equals rights over 100 underlying shares[1]
Unit of trading 100
Pricing unit/quotation Euros 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 the premium threshold[2], the tick size is € 0.01 (€ 1 per contract)
If the premium of an order at order entry is above the premium threshold[2], the tick size is € 0.05 (€ 5 per contract)
The premium threshold is equal to the threshold of the American style option on the same underlying value.
Large-in-Scale Facility: € 0.01 (€ 1 per contract)
Option style European style
Holders of long positions are only entitled to exercise their options on the expiration date.
Expiry months 1, 2, 3 monthly; 6, 9, 12 months quarterly (of the March, June, September, December cycle); 18 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 "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 Amsterdam
Last trading day Trading 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.
Exercise Exercise is possible until 19:45 CET on the Last Trading Day only[3]
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 LCH S.A.
Settlement day Two business days after the exercise day
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
Large-in-Scale Facility: 07:15 – 18:30 CET
Trading platform Optiq
Algorithm Central 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 update 25 November 2019
  [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] In general the premium threshold is set at € 5.00 for the 25 option classes of which the underlying shares make up the AEX index, as described in Amsterdam Notice 12/04, issued on 28 February 2012.
The premium threshold of the other option classes is € 0.50, as described in Amsterdam Notice 10/007, issued on 9 March 2010.
See the document "Premium thresholds for equity options traded at Euronext Amsterdam" in "Related documentation" to find the premium threshold 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.