Nov 4 (Reuters) - Investors will have their firstopportunity at using options to hedge their bets or speculate onthe direction of Twitter Inc shares in two weeks whenU.S. options exchanges are expected to list contracts on thestock.
The International Securities Exchange was the first onMonday to say it plans to list options on Twitter on its twovenues on Nov. 15.
International Securities Exchange, owned by Deutsche BoerseAG, operates ISE and ISE Gemini.
The options listing date is contingent on a successfulcompletion of Twitter's initial public offering with shares tobegin trading on Thursday, ISE said in a statement on Monday.
Contract specifications will be determined when the newlisting is certified by the OCC, formerly the Options ClearingCorp, prior to trading, ISE said.
Typically, the other U.S. options exchanges would also offerthese options at the same time as long as certain thresholds aremet.
BATS Options exchange, a division of BATS Global Markets,said it expects to list Twitter options on Nov. 15, aspokeswoman said on Monday.
A spokeswoman for exchange operator CBOE Holdings Inc said on Monday that it has not announced a date forlisting Twitter options. But as soon as Twitter stock meetslisting criteria, the Chicago Board Options Exchange will begintrading the options, the CBOE spokeswoman said.
Twitter raised the top end of the price range for itsinitial public offering by 25 percent and will close its books aday early on Tuesday, signaling strong demand for the mostclosely watched Silicon Valley debut since Facebook last year.
The microblogging network will begin trading on the New YorkStock Exchange on Thursday.
- Investment & Company Information