TALLINN STOCK EXCHANGE

ANNOUNCEMENT

 

OPTION MARKET STATISTICS AS OF 31.03.2001

 

1.

                  31.12.2000  31.01.2001  28.02.2001  31.03.2001

Volume of  

written options   82 701 900  85 470 000  62 041 000  26 382 750

(absolute value)

 

Net open 

position         -60 131 900 -59 235 700 -34 968 400 -10 258 150

 

2. By underlying

 

under-

lying      31.12.2000 31.01.2001 28.02.2001 31.03.2001

------------------------------------------------------

ETL            27.52%     34.93%     41.43%     25.24%

HELEK           0.05%

HP             62.10%     59.37%     55.28%     64.81%

KALEV           0.60%      0.39%      0.29%      0.68%

KLM             0.12%      0.12%      0.16%

MERKO           0.29%      0.73%

NORMA           9.29%      4.47%      2.84%      9.27%

VN              0.03%

------------------------------------------------------

total         100.00%    100.00%    100.00%    100.00%

 

3. By expiry date

 

expiry     31.12.2000 31.01.2001 28.02.2001 31.03.2001

------------------------------------------------------

Jan-01         47.86%

Feb-01         37.91%     61.10%

Mar-01         11.51%     34.41%     72.91%

Apr-01          1.99%      2.23%     15.58%     52.04%

May-01          0.62%      1.43%      5.77%     21.65%

Jun-01          0.11%      0.83%      0.37%      9.95%

Jul-01                                           1.06%

Aug-01                                5.36%     13.36%

Sep-01                                           1.93%

------------------------------------------------------

total         100.00%    100.00%    100.00%    100.00%

 

4. Written options

 

                    Volume of written    Number of written

                option contracts (EEK)    option contracts

-----------------------------------------------------------

under- expiry         put        call        put      call

lying   

-----------------------------------------------------------

ETL    Apr-01   -1 072 500   -2 483 500     -155      -281

       May-01                -2 040 000               -260

       Jun-01                  -486 800                -52

       Aug-01                  -200 000                -25

       Sep-01                  -375 000                -60

HP     Apr-01                -9 607 500               -680

       May-01     -650 000   -2 841 500      -50      -212

       Jun-01                  -259 350                -21

       Jul-01                  -280 600                -23

       Aug-01                -3 325 000               -237

       Sep-01                  -135 000                -10

KALEV  May-01                  -180 000               -120

NORMA  Apr-01                  -566 000               -120

       Jun-01                -1 880 000               -400

----------------------------------------------------------

total           -1 722 500  -24 660 250     -205    -2 501

 

5. Net open position

 

                 Net open position        Net open position

                            (EEK)     (number of contracts)

-----------------------------------------------------------

under- expiry          put        call        put     call

lying

-----------------------------------------------------------

ETL    Apr-01     -220 000      814 000      -30       149

       May-01      495 000   -1 015 000       60      -130

       Jun-01                  -486 800                -52

       Aug-01                  -200 000                -25

       Sep-01                  -195 000                -30

HP     Apr-01    1 234 500   -4 467 500       99      -300

       May-01            0   -2 706 500        0      -202

       Jun-01      202 500     -259 350       15       -21

       Jul-01                         0                  0

       Aug-01                -3 325 000               -237

       Sep-01                  -135 000                -10

KALEV  May-01                   -90 000                -60

NORMA  Apr-01                  -374 000                -80

       Jun-01                -1 880 000               -400

       Jul-01                   500 000                100

SAKU   May-01                   350 000                 50

       Jun-01                   350 000                 50

       Jul-01                   650 000                100

VN     May-01                   500 000                100

-----------------------------------------------------------

total            1 712 000  -11 970 150      144      -998

 

6. By option type

 

type              31.12.2000  31.01.2001  28.02.2001  31.03.2001

-------------------------------------------------------------------

Put options            2.90%       2.81%       8.94%       6.53%

Call options          97.10%      97.19%      91.06%      93.47%

-------------------------------------------------------------------

total                100.00%     100.00%     100.00%     100.00%

 

 

The methodology for calculation of option statistics is available 

at TSE Internet homepage at 

<a href='http://www.tse.ee/english/rules/pdf/optionmeth.pdf' target='_blank'>http://www.tse.ee/english/rules/pdf/optionmeth.pdf</a>

 

TSE