Thermal coal futures contract

Contract type

Put option

Trading unit

1 thermal coal futures contract

Quotation unit

Yuan (RMB)/ton

Minimum variable price

0. 1 yuan/ton

Price limit range

Same as the daily limit of thermal coal futures contract.

Contract month

In the underlying futures contract for two consecutive months, the next month will be listed on the second trading day after the position of the underlying futures contract reaches 10000 lots (unilateral) after settlement.

trading hour

Every Monday to Friday from 9: 00 a.m. to 1 1: 30 p.m., from 13: 30 p.m. to 15: 00 p.m., and other trading hours stipulated by the exchange.

last trading day

The third trading day of the month before the delivery month of the basic futures contract, and other dates stipulated by the exchange.

Due date

Same as last trading day.

exercise price

Based on the settlement price of thermal coal futures on the previous trading day, six real options, 1 flat options and six imaginary options are linked according to the exercise price range. The exercise price is ≤500 yuan/ton, and the exercise price range is 5 yuan/ton; Exercise price > 500 yuan/ton, exercise price range is 10 yuan/ton.

Exercise mode

American style. The buyer may submit the exercise application at the trading hours of any trading day before the expiration date; The buyer may submit an application for exercise or waiver before the expiration of 15:30.

Event code

Call Option: ZC- Contract Month-Exercise Price

Put option: ZC- contract month -P- strike price

Listed exchange

Zhengzhou Commodity Exchange