SHFE Hot-Rolled Coil Options Contract Specifications  
Underlying SHFE Hot-Rolled Coil Futures (HC) Contract (10 metric tons)
Contract Type Call option and put option
Contract Size 1 HC contract
Price Quotation (RMB) Yuan/ton
Minimum Price Fluctuation 0.5 Yuan/ton
Daily Price Limit Same as that for the Hot-Rolled Coil futures contract
Listed Contracts Option contracts will be listed for the nearest two consecutive months and, when the open interest of the underlying futures contract after daily clearing reaches a specific threshold separately announced by SHFE, for later months on the second trading day thereafter
Trading Hours 9:00 a.m. to 11:30 a.m., 1:30 p.m. to 3:00 p.m., and other hours specified by SHFE
Last Trading Day The five-to-last trading day of the month before the delivery month of the underlying HC contract (subject to adjustment by SHFE in case of a national holiday and other special circumstances)
Expiration Date Same as the last trading day
Strike Price The range of strike price is the previous trading day’s settlement price of the HC contract plus or minus 1.5 times the current day’s price limit. The strike price interval is 20 Yuan/ton if strike price ≤2000 Yuan/ton; 50 Yuan/ton if 2000 Yuan/ton < strike price ≤ 5000 Yuan/ton; 100 Yuan/ton if strike price > 5000 Yuan/ ton
Option Style American style. Buyers may submit an exercise request during trading hours on any trading day before the expiration date and an exercise or abandonment request before 3:30 p.m. on the expiration date
Contract Symbol Call option: HC-Contract Month-C-Strike Price
Put option: HC-Contract Month-P-Strike Price
Listing Exchange Shanghai Futures Exchange (SHFE)
 
SHFE Stainless Steel Options Contract Specifications  
Underlying SHFE Stainless Steel Futures (SS) Contract (5 metric tons)
Contract Type Call option and put option
Contract Size 1 SS contract
Price Quotation (RMB) Yuan/ton
Minimum Price Fluctuation 1 Yuan/ton
Daily Price Limit Same as that for the Stainless Steel futures contract
Listed Contracts Option contracts will be listed for the nearest two consecutive months and, when the open interest of the underlying futures contract after daily clearing reaches a specific threshold separately announced by SHFE, for later months on the second trading day thereafter
Trading Hours 9:00 a.m. to 11:30 a.m., 1:30 p.m. to 3:00 p.m., and other hours specified by SHFE
Last Trading Day The five-to-last trading day of the month before the delivery month of the underlying SS contract (subject to adjustment by SHFE in case of a national holiday and other special circumstances)
Expiration Date Same as the last trading day
Strike Price The range of strike price is the previous trading day’s settlement price of the SS contract plus or minus 1.5 times the current day’s price limit. The strike price interval is 100 Yuan/ton if strike price≤10000 Yuan/ton; 200 Yuan/ton if 10000 Yuan/ton < strike price≤20000 Yuan/ton; 500 Yuan/ton if strike price > 20000 Yuan/ ton
Option Style American style. Buyers may submit an exercise request during trading hours on any trading day before the expiration date and an exercise or abandonment request before 3:30 p.m. on the expiration date
Contract Symbol Call option: SS-Contract Month-C-Strike Price
Put option: SS-Contract Month-P-Strike Price
Listing Exchange Shanghai Futures Exchange (SHFE)
 
INE Low Sulfur Fuel Oil Options Contract Specifications    
Underlying INE Low Sulfur Fuel Oil Futures (LU) Contract (10 metric tons)
Contract Type Call option and put option
Contract Size 1 LU contract
Price Quotation (RMB) Yuan/ton
Minimum Price Fluctuation 0.5 Yuan/ton
Daily Price Limit Same as that for the LU contract
Listed Contracts Option contracts will be listed for the nearest two consecutive months and, when the open interest of the underlying futures contract after daily clearing reaches a specific threshold separately announced by INE, for later months on the second trading day thereafter
Trading Hours 9:00 a.m. to 11:30 a.m., 1:30 p.m. to 3:00 p.m., and other hours specified by INE
Last Trading Day The ten-to-last trading day of the month before the delivery month of the underlying LU contract (subject to adjustment by INE in case of a national holiday and other special circumstances)
Expiration Date Same as the last trading day
Strike Price The range of strike price is the previous trading day’s settlement price of the LU contract plus or minus 1.5 times the current day’s price limit. The strike price interval is 20 Yuan/ton if strike price ≤ 2000Yuan/ton; 50 Yuan/ton if 2000 Yuan/ton < strike price ≤ 5000 Yuan/ton; 100 Yuan/ton if strike price > 5000 Yuan/ ton
Option Style American style. Buyers may submit an exercise request during trading hours on any trading day before the expiration date and an exercise or abandonment request before 3:30 p.m. on the expiration date
Contract Symbol Call option: LU-Contract Month-C-Strike Price
Put option: LU-Contract Month-P-Strike Price
Listing Exchange Shanghai International Energy Exchange (INE)
   
     
 

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