Contract | Product ID | Underlying |
EURO STOXX 50® ESG Index Options | OSSX | EURO STOXX 50® ESG Index |
STOXX® Europe ESG Leaders Select 30 Index Options | OSLS | STOXX® Europe ESG Leaders Select 30 Index |
STOXX® Europe 600 ESG-X Index Options | OSEG | STOXX® Europe 600 ESG-X Index |
Settlement
Cash settlement, payable on the first exchange day following the final settlement day.
Contract values and price gradations
Contract | Contract value | Minimum price change |
Points | Value |
EURO STOXX 50® ESG Index Options | EUR 100 | 0.01 | EUR 1 |
STOXX® Europe ESG Leaders Select 30 Index Options | EUR 100 | 0.01 | EUR 1 |
STOXX® Europe 600 ESG-X Index Options | EUR 100 | 0.01 | EUR 1 |
Term
Equity index options contracts are available for the following terms:
- Weekly (W): the term of the contract is one calendar week after the expiration day of the preceding contract having the same weekday (Monday to Friday) as expiration day.
- Monthly (M): the term of the contract is one month after the expiration day of the preceding contract having the same weekday (Monday to Friday) as expiration day.
- Quarterly (Q): the term of the contract is three months after the expiration day of the preceding contract in the cycle March, June, September and December having the same weekday (Monday to Friday) as expiration day.
- Semi-annual (H): the term of the contract is six months after the expiration day of the preceding contract in the cycle June and December having the same weekday (Monday to Friday) as expiration day.
- Yearly (Y): the term of the contract is twelve months after the expiration day of the preceding contract in the cycle December having the same weekday (Monday to Friday) as expiration day.
Contract | Maximum term (months) | Max number of terms | | | | | |
| | | W | M | Q | S | Y |
EURO STOXX 50® ESG Index Options | 60 | 18 | 6 | 3 | 3 | 4 | 2 |
STOXX® Europe ESG Leaders Select 30 Index Options | 60 | 12 | - | 3 | 3 | 4 | 2 |
STOXX® Europe 600 ESG-X Index Options | 24 | 8 | - | 3 | 3 | 2 | - |
Last trading day and final settlement day
Last trading day is the final settlement day.
Final settlement day is the third Friday of each expiration month if this is an exchange day; otherwise the exchange day immediately preceding that day. In addition, last trading day for equity index options with weekly expiration cycle is the Friday of the respective expiration week, for equity index options with a month-end expiration the last exchange day of the month.
Daily settlement price
The daily settlement price is established by Eurex. The daily settlement prices for equity index options are determined through the Black/Scholes 76 model. If necessary, dividend expectations, current interest rates or other payments are taken into consideration.
Final settlement price
The final settlement price is established by Eurex on the final settlement day of the contract and is based on the average of the respective STOXX® Index values calculated between 11:50 and 12:00 CET.
Exercise
European-style; an option can only be exercised on the final settlement day of the respective option series until the end of the Post-Trading Full Period (20:30 CET).
Exercise prices
Contract | Exercise price intervals in index points for contract months with a remaining lifetime of |
≤ 3 months | 4-12 months | 13-24 months | 25-36 months | > 36 months |
EURO STOXX 50® ESG Index Options | 5 | 10 | 20 | 50 | 50 |
STOXX® Europe ESG Leaders Select 30 Index Options | 5 | 10 | 20 | 50 | 50 |
STOXX® Europe 600 ESG-X Index Options | 5 | 10 | 20 | 50 | 50 |
Number of exercise prices
Upon the admission of the options, at least seven exercise prices shall be made available for each due date with a term of up to 24 months for each call and put, such that three exercise prices are in-the-money, one is at-the-money and three are out-of-the-money.
Upon the admission of the options, at least five exercise prices shall be made available for each due date with a term of more than 24 months for each call and put, such that two exercise prices are in-the-money, one is at-the-money and two are out-of-the-money.
Option premium
The equivalent of the premium in points, payable in full in the currency of the respective contract on the exchange day following the day of the trade.
Further details are available in the clearing conditions and the contract specifications.
Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 50 contracts.