Derivatives Market - Equity Options Derivatives Market

ICL
Poalim
Leumi
Teva
Discount
Mizrachi T
Avner
Bezeq
Additional Underlying Asset  
Market Data
Products' Details
Exercise Dates
Margin Parameters
Historical Prices
Turnover Statistics
TASE Messages
Rules and Regulations
Equity Options - Poalim

Launch Date

April 2009

 

 

Trading Hours

For details, click here

 

 

Underlying Asset

Bank Hapoalim shares (ISIN: IL0006625771)

 

 

Contract Size

Each option represents 1000 shares

 

 

Expiry

Each month

 

 

Contract Months

One, two or three months. At any given time, three series of options are active

 

 

Price Quotation

Stated in NIS

 

 

Minimum Price Change

NIS 1   (for prices up to 20 NIS)

NIS 2   (for prices of 21-100 NIS)

NIS 5 (for prices of 101-200 NIS)

NIS 10 (for prices exceeding 200 NIS)

 

Strike Prices 

Based on the following parameters:

   

Stock Price (NIS 0.01)

Strike Price Intervals (NIS 0.01)

Up to 100

2

100 -200

5

200 – 500

10

500 – 1,000

20

1,000 – 2,000

50

2,000 – 5,000

100

5,000 – 10,000

200

10,000 – 20,000

500

20,000 – 50,000

1,000

50,000 – 100,000

2,000

Over 100,000

5,000

 

Last trading Day

The Wednesday before the last Friday of the expiration month

 

 

Final Settlement Price

Based on the opening price of Poalim shares on the last trading day before the expiration date

 

 

Expiration Date

The last Friday of the expiration month

 

 

Exercise Style

European.

 

 

Settlement

Cash settlement

 

 

Position Limit

For details, click here.

 

Automatic Exercise

All in the money options

 

 

Daily Price Change Limit  

 

None

Trading halts

The following reasons will cause suspending of trading in options:
- Trading halts in underlying share ;
- Activation of price monitoring mechanism in the underlying share during continuous or closing phases.