Subject matter of contract

1 cotton futures contract

Contract type

Put option

Trading unit

1 1 cotton futures contract

Quotation unit

Yuan (RMB)/ton

Minimum variable price

1 yuan/ton

Price limit range

Same as the daily limit of cotton futures contract.

Contract month

In the underlying futures contract for two consecutive months, the next month listed on the second trading day after the settlement of the underlying futures contract and held 5000 lots (bilateral).

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 cotton 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 ≤ 10000 yuan/ton, and the exercise price range is 100 yuan/ton; 10000 yuan/ton