Basic trading rules of soybean meal options;
Contract transaction: soybean meal futures contract
Contract type: call option, put option
Trading unit: 1 lot (10 ton) soybean meal futures contract.
Quotation unit: Yuan (RMB)/ton
Minimum price change: 0.5 yuan/ton.
Price limit: the same as the price limit of soybean meal futures contract.
Contract months: 1, March, May, July, August, September, 1 1, 65438+February.
Trading hours: Monday to Friday from 9: 00 am to 1 1: 30, afternoon from 13: 30 to 15: 00, and other times announced by the exchange.
Last trading day: the fifth trading day one month before the delivery month of the target futures contract.
Maturity date: same as the last trading day.
Exercise price: the exercise price range covers the price range corresponding to the fluctuation of the settlement price of soybean meal futures contract 1.5 times the price limit on the previous trading day. The exercise price is ≤ 2,000 yuan/ton, and the exercise price range is 25 yuan/ton; 2000 yuan/ton 5000 yuan/ton, the exercise price range is 100 yuan/ton.
Exercise method: American. The buyer can apply for exercise before the expiration date, at any trading time of trading day and before the expiration date of 15:30.
Transaction code: call option: M- contract month -C- exercise price; Put option: M- contract month -P- strike price