Underlying Asset

Copper cathode futures contract (five metric tons (MT))

Contract Type

Call option and put option

Contract Size

One copper futures contract

Price Quotation

Yuan (RMB) /MT

Minimum Price Fluctuation

One Yuan /MT

Daily Price Limit

Same as that for the copper futures contract

Contract Month

Same as that of the listed underlying futures contract

Trading Hours

9:00 a.m. to 11:30 a.m., 1:30 p.m. to 3:00 p.m., and other hours specified by the Exchange (Beijing Time)

Last Trading Day

Five trading days before the end of the delivery month of the underlying futures contract. The last trading day may be adjusted by the Exchange in case of a national holiday.

Expiration Date

Same as the last trading day

Strike Price

The strike price range is between (1) the previous trading day’s settlement price of the copper cathode futures contract – 1.0 × the current day’s price limit × such settlement price and (2) such settlement price + 1.0 × the current day’s price limit × such settlement price. Where the strike price is less than or equal to 40,000 Yuan/MT, the strike price interval is 500 Yuan/MT; where the strike price is more than 40,000 Yuan/MT but less than or equal to 80,000 Yuan/MT, the strike price interval is 1,000 Yuan/MT; and where the strike price is more than 80,000 Yuan/MT, the strike price interval is 2,000 Yuan/MT.

Option Style

European style. Buyers may, before 15:30 on the expiration date, submit an exercise or abandonment request.

Contract Symbol

Call option: CU-Contract Month -C-Strike Price

Put option: CU-Contract Month-P-Strike Price

Listing Exchange

SHFE