Mini-options on Rheinmetall: A new tool in your trading arsenal

Euronext — the exchange operator behind the AEX index — has just launched five new mini-options. These are available starting today on your Saxo platform and are offered alongside the existing standard options, which will remain available.

This new launch comes shortly after mini-options were successfully introduced on names like ASML, BESI, ASMI, LVMH, Kering, L’Oréal, and EssilorLuxottica.

Important: Options, including mini-options, are complex and carry risk. They require solid knowledge, investing experience, and, in many cases, a higher risk tolerance. You can lose more than your initial investment.

To begin trading options, you’ll first need to complete a knowledge and experience assessment. You can find it in your account under My profile > Trading products > Options.

Where can I find the new mini-options?

Starting, Monday, June 23, you can find the new mini-options in your Saxo platform by using the following symbol codes:

What are mini-options?

As the name suggests, mini-options are stock options with a smaller contract size. Each mini-option represents 10 shares, compared to 100 shares for a standard option. The key difference is the reduced exposure and lower total premium involved:

Mini-options require significantly less capital to trade—just one-tenth compared to standard options. Take Rheinmetall as an example: with a current share price around €1,700, buying 100 shares would require an investment of €170,000. With mini-options, you’re only exposed to 10 shares, so your initial outlay is around €17,000—making it more accessible to many investors. Plus, smaller contracts mean you’ll need to maintain a lower margin.

There’s also added flexibility: say you own 180 shares. With standard options (100-share contracts), you could only hedge 100 of those shares—or buy 20 more to round it up. With mini-options, you can hedge more precisely and avoid unnecessary trades.

Fees for mini-options are the same as for standard ones: €0.75 per contract (for euro-denominated options). 

Are there specific risks with mini-options?

Mini-options may appeal to investors looking for smaller, more manageable exposures—but they still carry the same risks as regular options. Thanks to leverage, your investment can move quickly in either direction, which means gains can be amplified—but so can losses.

One additional consideration is liquidity. Since mini-options are relatively new and not yet widely traded, liquidity may be lower, resulting in wider bid-ask spreads. In other words, it may be harder to buy or sell these contracts at favorable prices until trading volume increases.