The subject matter of copper option is copper futures contract, that is, investors get copper futures contract after exercising (performing). For example, the subject matter of the option contract CU 19 1 1 C50000 is Cu191Cu191C.

Why did the last issue choose copper futures as the subject matter of the first option contract?

Copper futures is one of the most mature varieties in the previous period, which has the advantages of good liquidity, continuous contracts and relatively perfect investor structure. It has long been recognized by the market and is suitable as the subject matter of option contracts.

What is the trading unit of copper options?

The trading unit of copper option is a primary copper futures contract, that is, a primary copper option contract corresponds to a primary copper futures contract.

What is the minimum price change of copper options?

The minimum change price of copper option refers to the minimum change of unit price of copper option contract. The minimum price change of copper option is 1 yuan/ton.

What is the limit of copper options?

The price limit of copper option contract is the same as that of basic futures contract.

Price limit range = settlement price of the underlying futures contract on the previous trading day × price limit ratio of the underlying futures contract on that day.

What is the contract month in the trading code of copper option contract?

The month of copper option contract is the delivery month of the underlying futures contract corresponding to the option contract. At present, the delivery month of the previous copper futures contract is1-65438+February, and correspondingly, the contract month of copper options is1-65438+February.

Is the trading time of copper options consistent with that of copper futures?

The trading hours of copper options are the same as those of copper futures, which are 9: 00-1:30, 13: 30- 15: 00 and other times stipulated by the exchange.

When is the last trading day of copper options?

The last trading day of copper option refers to the last trading day when the option contract can be traded, specifically the penultimate trading day one month before the delivery month of the index futures contract.

For example, the last trading day of Cu1911c50000 is the penultimate trading day of June 20 19, that is, June 25th, 2000. The contract stipulates that the exchange can adjust the last trading day according to the national legal holidays.

What is the expiration date of copper options?

The expiration date is the last trading day when the option contract can be exercised. Copper option is a European option, and the option buyer can exercise his rights on the expiration date, which is the same as the last trading day. If the last trading day is adjusted, the maturity date will be adjusted accordingly.

For example, the last trading day of Cu1911c50000 is 20 19 10.25, and its expiration date is also 20 19 10.25. Option buyers can buy options at The last trading day of Cu1911c50000 is adjusted, and its maturity date is adjusted accordingly.

How is the exercise price of copper option designed?

The exercise price of copper options covers the price range corresponding to the settlement price 1 multiple daily limit of the underlying copper futures contract on the previous trading day. The exercise price is 40,000 yuan/ton, and the exercise price range is 500 yuan/ton; 40,000 yuan/ton