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Weekly Options

The Benefits of Leverage Without Overpaying for Time Value

With the weekly options, investors can better express their view on individual shares or the OMXS30 index in the short term. These weekly options feature a shorter time to maturity and expiration every week.

If you have a short-term view on a specific share or the OMXS30 index (will the share price go up, down or stay unchanged in the short term), you will be able to invest in weekly option based on your view. You can choose the best matching exercise price according to your prediction. This provides you with a reactive instrument where the price of the option is lower thanks to the lower time value of the option because of its shorter time to expiration.

Weekly options (puts and calls) are available on a number of the most traded Swedish shares as well as the OMXS30 index. The expiration day of weekly options will be the first, second, fourth and fifth Friday each month, with a term of up to four weeks.

Weekly options on Swedish shares

Weekly options on Swedish shares was introduced in 2014. For further information please refer to the following Exchange and IT Notices:

The following is a brief description of weekly options on Swedish shares. For a detailed contract specification, please consult the Rules and Regulations of Nasdaq Derivatives Markets »

Download printer friendly product description: Weekly options on Swedish shares

 

Facts
   
Contract Base ABB, AstraZeneca, Atlas Copco A, Autoliv, Electrolux B, Ericsson B, Hennes & Mauritz B, Lundin Petroleum, Nordea, Nokia, Swedbank A, SEB A, SHB A, Sandvik, TeliaSonera, and Volvo B
Contract Size 100 shares
Lifetime Up to 5 weeks
Type of contract Stock delivery
Expiration Day Expiration each Friday except third Friday of month. Expiration day must be a full trading day.
Style of option American
Currency SEK

 

Weekly options OMXS30 index

Download printer friendly product description: Options on OMSX30

Facts
   
Contract Base The OMXS30 Index
Contract Size SEK 100
Lifetime Up to 4 weeks
Type of contract Cash settlement
Expiration Day Expiration each Friday except third Friday of month. Expiration day must be a full trading day.
Style of option European
Currency SEK

 

Weekly Options on Norwegian Shares

Facts
   
Contract Base Statoil, Norsk Hydro and Norwegian AirShuttle
Contract Size 100 shares
Lifetime Up to 5 weeks
Type of contract Stock delivery
Expiration Day Expiration each Thursday except third Thursday of month. Expiration day must be a full trading day.
Style of option American
Currency NOK

 

Description of the Instrument Name for Weekly options

The instrument name is a unique code for weekly call and put options. It is made up of the following components:

Underlying share or index:

Description of the underlying index or share. For example, "OMXS30" for the Swedish Index OMXS30, and “ERICB” for the Ericsson B share.

Expiration year:

"4" for 2014, "5" for 2015, and so on

Expiry month:

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

 

Calls:

A

B

C

D

E

F

G

H

I

J

K

L

 

 Puts:

M

N

O

P

Q

R

S

T

U

V

W

X

Expiration day: The day number in the expiration month

Type of instrument:

"Y" for Weekly Options

Excercise price: The exercise price of the option

Example:

“OMXS304R13Y1350” – OMXS30 weekly put option expiring on 2014 June 13th, with exercise price 1350

“ABB4G04Y160” –  ABB weekly call option expiring 2014 July 4th with exercise price 160

“ERICB4H08Y80” –  Ericsson weekly call option expiring on 2014 Aug 8 with exercise price 80

 

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