FTSE 100 Weekly Options - valuation on expiry?
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Hi IG (or anyone that can help me!)
I have called a few times today to no avail. I am trying to get a clear and definitive answer as to when exactly the FTSE 100 weekly options are valued on expiry?
The system states that the dealing deadline is 16:29 but it does not say when the option is valued for the purposes of settlement.
I had one person tell me it was at 'market close' but they could not confirm what time this was exactly or what market even, and just kept saying 'market close'. The LSE closes at 4:30pm but the futures market that the options are priced against as I understand it closes at market close in the US (currently GMT 2100hrs).
I am just after the time exactly that these options are valued for the purposes of settlement. I am not after the dealing deadline or even the settlement time when I can expect proceeds available in my account.
Thank you in advance.
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