With the weekly options, investors can better express their view on the OMXS30 in the short term.
Weekly options feature a shorter time to maturity, with expiration every week.
If you have a short-term view on the OMXS30 index (will the 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.
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 OMXS30 index
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
DOWNLOAD PRODUCT DESCRIPTION: Weekly Options on OMSX30
For a detailed contract specification, please consult chapter three of the Rules and Regulations of Nasdaq Derivatives Markets, which is available on the website.