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What does the aluminum option mean?
1. The aluminum options listed in China are options with aluminum futures as the subject matter. Holding aluminum options buys and sells aluminum options at a certain price during the exercise time. Aluminum Option penny Call Option and Put Option, the call option is the right to buy aluminum futures at a certain price during the exercise period, and the put option is the right to sell aluminum futures at a certain price during the exercise period. The basic contents of aluminum options in Shanghai Futures Exchange are as follows.

2. Transaction code. Call option: AL- contract month -C- exercise price, put option: AL- contract month -P- exercise price.

3. Option type. The aluminum option listed in China is an American option, and the buyer can submit the exercise application at any trading time before the expiration date.

4. The last trading day. As the penultimate trading day of the first month before the delivery month of the underlying futures contract, the exchange may adjust the last trading day according to the national legal holidays.

5. Due date. The expiration date is the same as the last trading day.