Options
Spot Reference price: | Nordic system price |
Load: | Base load |
Product: | 2 Q and 2 YR |
An option is a right to buy or sell an underlying contract at a predetermined price at a predefined date in the future. Options, combined with forwards and futures, offer valuable strategies for managing the risk associated with power trade. These are quarters and year forward contracts with.
When an option series expires, new series are listed, in accordance with product specification rules. Please note that the front year option has two different versions, one were the option goes to delivery four times a year and one with regular December delivery. Also note that the yearly contracts with delivery in December 2010 and 2011 have a different code than the options listed in the examples below.
For details please see the product calendar.
European option contracts – quarters
ENOC/PQxym-s | |||
CALL | PUT | ||
ENOCQ¤2SEP2-XX (product series) | ENOPQ22MAR2-XX (product series) | ||
First trading day: | 15.03.12 | First trading day: | 15.09.11 |
Last trading day: | 19.09.12 | Last trading day: | 14.03.12 |
Expiry day: | 20.09.12 | Expiry day: | 15.03.12 |
Underlying contract: | ENOQ4-12 | Underlying contract: | ENOQ2-12 |
European option contracts – years
ENOC/PYRym-s | |||
CALL | PUT | ||
ENOCYR9DEC8-XX(product series) | ENOPYR8SEP7-XX (product series) | ||
First trading day: | 21.12.16 | First trading day: | 05.06.17 |
Last trading day: | 19.12.18 | Last trading day: | 20.09.17 |
Expiry day: | 20.12.18 | Expiry day: | 21.09.17 |
Underlying contract: | ENOYR-19 | Underlying contract: | ENOYR-18 |
