Underlying Asset

Natural Rubber futures contract (10 metric tons (MT))

Contract Type

Call option and put option

Contract Size

One natural rubber futures contract

Price Quotation

Yuan (RMB) /MT

Minimum Price Fluctuation

One Yuan /MT

Daily Price Limit

Same as that for the natural rubber 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

The fifth-to-last trading day of the month before the delivery month of the underlying futures contract, subject to adjustment by the Exchange in case of a national holiday and other special circumstances.

Expiration Date

Same as the last trading day

Strike Price

The range of strike price is the previous trading day’s settlement price of the natural rubber futures contract plus or minus 1.5 times the current day’s price limit. The strike price interval is 100 Yuan/MT if strike price ≤ 10,000 Yuan/MT  ; 250 Yuan/MT if 10,000 Yuan/MT < strike price ≤ 25,000 Yuan/MT; 500 Yuan/MT if strike price > 25,000 Yuan/MT.

Option Style

American style. Buyers may submit an exercise request during trading hours on any trading day before the expiration date, and may submit an exercise or abandonment request before 3:30 p.m. on the expiration date.

Contract Symbol

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

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

Listing Exchange

SHFE