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IDEMAGAZINE: The December 2005 Edition Of Borsa Italiana’s Newsletter Dedicated To Derivatives Is Now Available

Date 28/12/2005

The “news” section is packed with technical communications concerning the adjustment of options contracts and stock futures that have distributed extraordinary dividend (as in the case of Autostrade and Snam Rete Gas) or where the companies in question have increased their share capital (Alitalia and Fiat).

There is also information regarding the adjustments to options and futures contracts based on the Mediolanum share underlying and on the MIB30 index of which it forms part, required following the Milanese company’s payment of an extraordinary dividend.

The “front page” is dedicated to the anniversary of options on the Italian stock index. These contracts, launched in November 1995 on the MIB30, Piazza Affari’s main index replaced last year by the S&P/MIB, have undergone a series of technical changes over the years, which are recalled in the article. The index options, in addition to the anniversary of their creation, are also celebrating the record growth in trading volumes during the past five months (+31%).

Apart from the sections devoted to “Index and Volatility”, the “Month’s Statistics” and “Options Indicators”, summarising performance, trading volumes and riskiness, this edition of IDEMagazine sees the start of a regular feature dedicated to technical analysis. This new series of articles, which will be prepared by the SIAT (Società Italiana di Analisi Tecnica) teaching staff, commences with a series of methodological and psychological notes relating to graphical analysis. It then goes on to consider the main factors hampering the success of investors-technical analysts: hope, fear, greed and ego. Completing the edition is the trading calendar for next year.

Click here to download the December 2005 edition.