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Description

Physically Delivered Option Contract on UK Single Equities

Additional flexible products may be available for this equity. Please see ICEBlock Only contracts here

Market Specifications

Trading Screen Product Name

ITV plc

Trading Screen Hub Name

ICEU

Contract Symbol

GME

Unit of Trading

One option normally equals rights over 1000 shares. Due to corporate action contract adjustments some equity options series may have a non-standard contract size. Details of non-standard contract sizes can be found here

Quotation

Pence per share

Minimum Price Fluctuation

0.25 pence per share / £2.50

Last Trading Day

16:30 London Time. Third Friday in expiry month
*In the event that this day is not a business day, then the Last Trading Day shall normally be the preceding full business day

Algorithm

Price-time trading algorithm with priority given to the first order at the best price.

Block Trade Minimum

100 contracts
Block Trades can be reported up to 17:30 London time on any business day other than the Last Trading Day

Exercise Procedure

Exercise by 18:30 London time on any business day

Delivery Month

Target Group Options* - Serial months out to two years. Longer dated expiries beyond two years with a maximum expiry of five years are available on ICE Block only.

Non Target Group Options* - Serial months out to one year. Longer dated expiries beyond one year with a maximum expiry of five years are available on ICE Block only.

*A list of Target Group and Non Target Options can be found here.

Settlement Date

Settlement Date is two business days following the day of exercise/Last Trading Day.

Deliverable Specifications

Delivery will be 1,000 shares (or other such number of shares as determined by the terms of the contract).

Option Premium

Payable in full by the buyer on the business day following a transaction.

Additional Information

In the United States these products may only be offered and sold to prescribed entities under specified conditions.

Stock Exchange

London Stock Exchange

MIC Code

IFLO

Clearing Venues

ICEU

Related Products

• 3i Group Plc
• ASOS Plc
• Aberdeen Group plc
• Admiral Group Plc
• Anglo American plc

Trading Hours

Codes