NASDAQ OMX Nordic Launches Weekly Options
NASDAQ OMX Nordic announces that trading in weekly options starts today on the NASDAQ OMX Stockholm AB market. The weekly options are traded with expiration every Friday, thus complementing the existing options products with monthly expiration. Weekly options are listed every Thursday after close enabling investors to trade options expiring in one or two weeks. The OMXS30 index will act as underlying for the weekly options.
“Martin Granlund, head of Nordic derivatives NASDAQ OMX, said: “We have launched the weekly options offering in response to customer demand as this has been a highly popular instrument in other markets and we believe the timing is right in Sweden. Weeklies provide additional opportunities for investors to tailor their investment strategies more precisely as they offer more expiries, tighter strike price intervals and a decreased tick size. As a consequence, options will be even more interesting as a risk management tool.”
Jan Dinkelspiel, Country General Manager Sweden at Nordnet, said: “Options provide an efficient means to balance investment portfolios and tend to be an especially attractive hedging instrument during times of market turbulence. The weekly option offering from NASDAQ OMX is an excellent complement to the traditional monthly options and creates flexibility for active investors to act on short-term events rather than being tied into one monthly exercise date.”
For more information visit: http://www.nasdaqomxnordic.com/weeklyoptionsinfo/.