Dalian Commodity Exchange Solicits Public Opinions On RBD Palm Olein Options Contract And The Measures For Management Of Options TradingOof Dalian Commodity Exchange
Date
12/05/2021
Dalian Commodity Exchange (“DCE”) announced on May 11 to solicit public opinions on RBD Palm Olein Options Contract (Draft for Comments) and the Measures for Management of Options Trading of Dalian Commodity Exchange (Draft for Comments), suggesting the listing and opening up of RBD palm olein options are high on the agenda.
According to the announcement and the draft contract of RBD palm olein options, the contract type are call and put option; the trading unit is One lot (10 MT) of RBD palm olein futures contract; the minimum tick size is 0.5 CNY/MT; the daily price limit range is the same as that of RBD palm olein futures contract; the contract months include January, February, March, April, May, June, July, August, September, October, November and December; the range of exercise prices is the settlement price of the RBD palm olein futures contract in the previous trading day plus or minus 1.5 times the current day’s price limit: if exercise price ≤ 5,000 CNY/MT, exercise price interval 50 CNY/MT; if 5,000 CNY/MT exercise price ≤ 10,000 CNY/MT, exercise price interval 100 CNY/MT; if exercise price 10,000 CNY/MT, exercise price interval 200 CNY/MT. The exercise style is American, which means the options buyer can apply to exercise the options in the trading hours of any trading day prior to the expiration date, and before 3:30 pm on the expiration date.