Dollar option, Mini Options on U.S. Dollar Spot
One contract represents 10, U. Expiry cycle At a minimum, the nearest three expiries plus the next two expiries in the designated quarterly cycle: March, June, September, December.
Dollar Index. Traders can buy call options or open a bull option spread if they think the Index will rise. If it appears that it will fall, traders can buy put options or open a bear option spread.
Annual expiry of January for long term options. Premium quotation Option dollar option are quoted in Canadian cents per unit of foreign currency.
For example, a premium quotation of 0. Aggregate premium value The aggregate premium value for a contract is the premium quotation multiplied by dollar option trading unit of a contract.
Last trading day preceding the expiration date. Expiration date 1st business day of the contract month. Contract months All months. Option exercise On the expiration date, the option exercise is performed automatically by B3, subject to the following conditions: Call option: a If the result of the difference between the settlement price of the underlying contract and the strike price for the principal investor is positive; and b The principal investor fails to register on the trading system its intention not to exercise its call option on the expiration date.
Minimum price fluctuation tick size The minimum price fluctuation of the premium is 0. That is: 0.
Strike prices At a minimum, five strike prices bracketing the current spot rate. Contract type European style.
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Last trading day Trading ceases at p. Expiration day The last trading day of the contract month.
Final settlement price Cash-settled. Position limit Information on position limits can be obtained from the Bourse as they are subject to periodic changes.
See Circulars. Trading hours a. Trading procedures Please refer to the Rules of the Bourse. The information contained in this document is for information purposes only and shall not be construed as legally binding. In the event of discrepancies between the information contained in this document and the Rules of the Bourse, the latter shall prevail.