FTSE MIB Daily and End of Month (EOM) options
Underlying
FTSE MIB index
Trading hours
Central Order Book (COB)
Option style
European
Settlement
Cash settled
Quotation
Index point
Tick size (in index points)
COB: 1
Eur 2.5
Contract size
Strike price x Multiplier
Option price (premium)
Option premium x Multiplier
Premium settlement
Settled in cash and paid on the Euronext Clearing open day following the trading day
Strike prices generation
21 strike prices with intervals of 100 index points
Settlement day
The first open Euronext Clearing calendar day following the expiry day
FTSE MIB index
Trading hours
Central Order Book (COB)
- Opening Auction: 7.30 - 9.01 (9.01.00 - 9.01.30) CET
- Continuous Trading: 9.01 - 17.30 CET
Large-in-Scale Trade Facility (LIS)
7.30 - 18.30 (during normal trading days) / 7.30 - 17.30 (on expiry day) CET
European
Settlement
Cash settled
Quotation
Index point
Tick size (in index points)
COB: 1
LIS Facility: 1
MultiplierEur 2.5
Contract size
Strike price x Multiplier
Option price (premium)
Option premium x Multiplier
Premium settlement
Settled in cash and paid on the Euronext Clearing open day following the trading day
Strike prices generation
21 strike prices with intervals of 100 index points
Contract terms
Dailies: The first 5 consecutive trading days
EOM: The first 3 consecutive month-end trading days
A new contract will be available from the first trading day subsequent to the expiry day of the nearest contract
Expiry Day
The contract expires on each eligible trading day at 17.30 CET. If the Exchange is closed that day, the contract expires on the first trading day preceding that day
Last Trading Day
Expiry day, until 17.30 CET
Exercise at expiry day
Automatic exercise executed by Euronext Clearing on ITM options
Daily settlement price
Computed according to Euronext Derivatives Trading Procedures paragraph 2.2 and 2.3Settlement day
The first open Euronext Clearing calendar day following the expiry day
Final settlement price
FTSE MIB index value calculated using the closing prices of each constituent on the last trading day, determined pursuant to article 4.3.8 of the Rules. Borsa Italiana may establish a different price taking account of any other objective elements that may be available.
Strategies
Preconfigured strategies
Unusual Contract Size
Where contracts have been affected by recent corporate actions resulting in currently tradable contracts being of a non-standard contract size, this information can be found in the document on this page.