The Cboe Spain 35 index (Symbol: BES35P) aims to be comprised of the largest 35 Spanish issuers. This is a price return index.
Contract Multiplier
€100 (e.g. value €89,500 for an index level of 895.00).
Symbol(S)
ES35O
Contract Expirations
The Exchange will list for trading the following expiration months:
1, 2, 3 of the Monthly Cycle;
6, 9, 12 Months of the Quarterly Cycle; and
18, 24 Months of the Yearly Cycle
Trading Hours
Monday – Friday
08:01 – 16:30
All times referenced are London time.
Minimum Price Intervals
Premium based tick sizes €0.01 / €0.05 / €0.1
Block Trades
The minimum Block Trade quantity for Cboe Spain 35 Index Options is 100 contracts. For options strategies each leg is required to have a minimum quantity of 100 contracts.
The minimum price increment for a Block Trade in Cboe Spain 35 Index Options is 0.01 index points (€1).
Deferred Publication
Block trades at or above 1,000 contracts are eligible for intraday deferred publication.
Daily Settlement Price
Index Options Daily Settlement Prices will be calculated by Cboe using the Black 76 options pricing model.
Termination Of Trading
Trading hours for Cboe Spain 35 Index Options end at 15:55 London time on the final settlement date.
Option Exercise Style
European Style – Cboe Spain 35 Index Options may be exercised only on the final settlement date.
Final Settlement Date
The final settlement date for a Cboe Spain 35 Index Option contract is the third Friday of the calendar month in which the contract expires.
If that Friday that is a Cboe trading holiday, the final settlement date for the contract shall be on the business day immediately preceding that Friday.
Final Settlement Value
The final settlement value calculation for Cboe Spain 35 Index Options uses a 10 minute average of the index levels (only every 30th print is considered) during the timing window below on the settlement date:
Start: 15:45 London time
End: 15:55 London time
Delivery
Settlement of Cboe Spain 35 Index Option contracts will result in the delivery of a cash settlement amount based on the final settlement value.