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Question
Sam252
Hello IG Support,
Please may you provide exact confirmation as to what time the settlement price is determined for S&P 500 options?
On your IG 'info' tab you state that the expiry is on the Friday and the last dealing date is 21.15pm on the preceding Thursday. If you take the FTSE 100 options as an example, the valuation point for the options is GMT 4.35pm, which is the spot price determined by the 5 min auction period on the LSE following market close at GMT 4.30pm.
I assume there is an auction period on the NYSE that these options are traded on? I need to understand the exact time of valuation for the purposes of settlement; the dealing cut off time or settlement time isn't relevant to me, rather the exact point in time the S&P 500 options are valued for purposes of settlement.
Thank you
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