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MIBO - Weekly Options on FTSE MIB




FTSE MIB index

Options style


Trading hours

9.00 am - 5.50 pm


Options contracts on the FTSE MIB index are quoted in index points.

Value of an index point (multiplier of the contract)

Each index point has a value of 2.5 €.

Contract value

The value of the contract is determined by the product of the strike price (in index points) and the value of the contract multiplier.

Options price (premium)

The premium paid is equal to the value of the option premium multiplied by the contract multiplier.


1 index point (2.5 €)

Premium settlement

Cash settled, on the CC&G open day following the trading day by Cassa di Compensazione e Garanzia.


Contracts will be admitted to trading on the Thursdays of each month except the  first and the corresponding maturity day will be the Friday of the second week following their ammission to trading.

Expiration day

The contract expires on the 1st, 2nd and 4th Friday of the month and the 5th if there is one at 9.05 am. If the Exchange is closed that day, the contract expires on the first trading day preceding that day.

Last day of trading

Trading in any contract closes on expiry of that contract (9.05am on expiration day).

Exercise prices

For each “weekly MIBO option” at least 21 exercise prices shall be traded for both the call and the put series, with intervals of 100 index points.

Daily closing price

The daily closing price is established by the clearing and settlement organisation Cassa di Compensazione e Garanzia.



The settlement price is equal to the value of the FTSE MIB index, calculated on the opening prices of the financial instruments that make up the index recorded on the last day of trading. If the opening price of any financial instrument on the index has not been established by the end of the trading session, Italian Exchange fixes the price in order to establish the value of the index on the basis of the prices recorded in the last session and takes into account any other relevant objective elements available.

Exercise at expiry

In-the-money options are automatically exercised on the expiration date. When the option buyer exercises his option the Cassa di Compensazione e Garanzia designates the writer by means of a draw


Cash settled on the CC&G open day following the expiry day through Cassa di Compensazione e Garanzia.

Limit on number of positions open or exercised



Margin table



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