Gold Futures Option Contract Specifications of the Shanghai Futures Exchange (Amended Version)
1. Since November 17, 2020, the amendment of contract month in Gold Futures Option Contract Specifications shall take effect since newly-listed AU2112 option series. Option series with contract month later than or same with that of AU2112 shall be subject to the revised version. Options series with contract month earlier than that of AU2112 shall be subject to the original version.
2. Since November 16, 2021, the amendment of option style in Gold Futures Option Contract Specifications shall take effect since newly-listed AU2212 option series. Option series with contract month later than or same with that of AU2212 shall be subject to the revised version. Options series with contract month earlier than that of AU2212 shall be subject to the original version.
Amended Version:
|
Underlying Asset |
Gold futures contract (1 kilogram) |
|
Contract Type |
Call option and put option |
|
Contract Size |
One gold futures contract |
|
Price Quotation |
(RMB) Yuan/gram |
|
Minimum Price Fluctuation |
0.02 Yuan /gram |
|
Daily Price Limit |
Same as that for the gold futures contract |
|
Contract Month |
Option contracts will be listed for the nearest two consecutive months and, when the open interest of the underlying futures contract, after daily clearing, has reached a specific threshold to be separately announced by the Exchange, 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 the Exchange |
|
Last Trading Day |
The fifth-to-last trading day of the month before the delivery month of the underlying futures contract, subject to adjustment by the Exchange in case of a national holiday and other special circumstances |
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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 gold futures contract plus or minus 1.5 times the current day’s price limit. The strike price interval is 2 Yuan/gram if strike price ≤200 Yuan/gram; 4 Yuan/gram if 200 Yuan/gram < strike price ≤ 400 Yuan/gram; 8 Yuan/gram if strike price > 400 Yuan/ gram |
|
Option Style |
American style. Buyers may submit an exercise request during trading hours on any trading day before the expiration date, and may submit an exercise or abandonment request before 3:30 p.m. on the expiration date |
|
Contract Symbol |
Call option: AU-Contract Month-C-Strike Price Put option: AU-Contract Month-P-Strike Price |
|
Listing Exchange |
SHFE |
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