Options on Gemalto

While the introduction of options on Twentsche Kabel is still in progress, Euronext announced to introduce a new class of options, on Gemalto. And they are in a hurry. Trading will commence on July 25th, and market makers can apply until July 18th.

Gemalto is the opposite of Twentsche Kabel. Don’t know much about this French firm, apart from the strange fact it’s part of the AEX index. Ticker code on Euronext will be GMT. TOM will probably use another ticker code. Speaking of which – when will TOM take the initiative to introduce new options instead of playing copy cat? Time to grow up.

For TOM, I suggest options on Pharming. Instead of a multiplier of 100, take 1000 or even 10000 stocks as underlying. Start with low fees for retail investors and team up with some market makers to be assured of a liquid market. One more bit of advice, when using twitter : try to be a little faster. I should start a consultancy firm.

Source on Gemalto Options : Euronext notice