Options on the ATX Five
| Underlying instrument | The ATX five consists of the five highest-weighted stocks in the ATX. The weighting of the individual stocks is done analogously to the weighting in the ATX, with no limit being set for the weighting of individual stocks in the ATX five. | |||||||||||||||
| Types of options | Wiener Börse offers European style options for the index options (exercise is only possible on the final settlement day). | |||||||||||||||
| Contract size | One contract is for 10 euros per index point. | |||||||||||||||
| Fulfillment | Cash settlement. | |||||||||||||||
| Fulfillment day | One exchange trading day after exercise (t+1). | |||||||||||||||
| Last day of trading | The third Friday of the respective month if this day is an exchange trading day; otherwise, the preceding exchange trading day shall be the last trading day. | |||||||||||||||
| Maturities | Maturities are available on the next three consecutive calendar months and up to the next three subsequent quarterly months (March, June, September and December). | |||||||||||||||
| Price Intervals |
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| Exercise hours | Exercises can be entered into the system during continuous trading. | |||||||||||||||
| Strike price intervals | The price interval is expressed in index points, with one index point being 10 euros.
The stike price intervals are uniform for all maturities and the intervals of the strike prices are linked to the index level. |
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| Number of exercise prices | When options series are introduced, there are five exercise prices for trading for every call
and every put for each maturity.
> 2 exercise prices in the money > 1 exercise price at the money > 2 exercise prices out of the money Should it not be possible to determine the at-the-money exercise price definitely, there are six exercise prices available for every call, put and maturity. |
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| Final settlement price | The value of the ATX five on the basis of the auction prices for the ATX five stocks determined in the Xetra® trading system. The intra-day auction is from 12:00 – 12:05 hrs CET. | |||||||||||||||
| Market Making | Market makers ensure permanent liquidity and commit themselves to meet the requirements stipulated by Wiener Börse. | |||||||||||||||
| Trading hours | 9:03 – 17:40 hrs CET |