Trading ceases at In the event that the third Friday is not a business day, the Last Trading Day shall normally be the last business day preceding the third Friday. For weekly options see the document "Weekly Options Lifetime and Last Trading Day" in "Related documentation".

Central order book applies a price-time trading algorithm with priority given to the first order at the best price. Exercise is possible until Weekly 1, 2, 3 monthly; 6, 9, 12 months quarterly of the March, June, September, December cycle ; 18, 24, 30, 36 months half yearly of the June, December cycle and 48, 60 months yearly of the December cycle.

See the document "Expiry Months Listed Per Class" in "Related documentation" to find out which expiry months are listed per class. American style Holders of long positions are entitled to exercise their options before the expiration date.

Physical delivery of shares or other such number of shares as determined by the terms of the contract through the settlement system of LCH.

Please check the exact exercise rules with your broker. In the United States these products may only be offered and sold to prescribed entities under specified conditions.

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