Contract Type

Call option, Put option

Trading Unit

One white sugar futures contract (10 metric tons)

Price Quotation

Yuan/metric ton

Minimum Price Fluctuation

0.5 yuan/metric ton

Price Limit

The same as the price limit of the white sugar futures contract

Contract Months

January, March, May, July, September, November

Trading Hours

Monday-Friday 9:00 a.m.—11:30 a.m.  13:30 p.m.—15:00 p.m.Other trading hours stipulated by ZCE

Last Trading Day

The 5th trading day from the bottom of the two months prior to the futures delivery month and other dates stipulated by ZCE

Expiration Day

The same as the last trading day

Strike Price

Based on the previous clearing price of white sugar futures, five in-the-money option contracts, one at-the-money option contracts and five out-of-the-money option contracts will be listed according to the strike price interval.The strike price interval is: 50 yuan/metric ton when the strike price is less than or equal to 3000 yuan/metric ton; 100 yuan/metric ton when the strike price is above 3000 yuan/metric ton and less than or equal to 10000 yuan/metric ton; 200 yuan/metric ton when the strike price is above 10000 yuan/metric ton.

Exercise Style

American. The buyer can submit the application for exercising white sugar option before the closing of each trading day up to the expiration day. The buyer can submit the application for exercising or waiving the exercise before 15:30 on the expiration day.

Product Code

Call option: SR + contract month + C+ strike price

Put option: SR + contract month + P + strike price