Exchange-traded shares can experience sharp price fluctuations. In order to prevent situations in which, due to price fluctuations, it would be impossible to trade options that are either "in" or "out-of-the-money", TASE will introduce deep in-the-money and out-of-the-money options from the outset.

Example:

The closing price of the underlying share on the previous trading day is 400. Therefore, the "extreme" strike prices will be:

·         Extreme upside strike prices — 600,680

·         Extreme downside strike prices — 200,120

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