Contract Type

call option, put option

Contract Size

one soybean meal futures contract of 10 MT

Price Quote

CNY/MT

Tick Size

0.5 CNY/MT

Daily Price Limit

same as soybean meal futures contract

Contract Months

January, March, May, July, August, September, November, December

Trading Hours

9:00 - 11:30 am., 1:30 - 3:00 pm. Beijing Time, Monday – Friday，
and other trading hours as announced by DCE

Last Trading Day

5th trading day of the month immediately preceding the delivery month of
the underlying futures contract

Expiry Day

same as last trading day

Exercise Price

the exercise price shall be in the range of ± 1.5×
(price limit×the previous trading day's settlement price of the soybean meal futures)
If exercise price ≤ 2,000 CNY/MT, exercise price interval = 25 CNY/MT;
if 2,000 CNY/MT < exercise price ≤ 5,000 CNY/MT, exercise price interval = 50 CNY/MT;
if exercise price ＞ 5,000 CNY/MT, exercise price interval = 100 CNY/MT.

Exercise Style

American style. The buyer of a futures option can apply to exercise the options on any trading day prior to the expiry day, and before 15:30 pm on the expiry day.

Ticker Symbol

Call option: M - Contract Month – C - Exercise Price
Put option: M - Contract Month – P - Exercise Price

Exchange

Dalian Commodity Exchange