Options On Gold futures

Contract Specifications

Type of Trade European Call Options on Gold Futures
European Put Options on Gold Futures
Underlying Asset Price to be Referred Price of Gold Standard Futures
Opening Date May 17, 2004
(Note) transferred from TOCOM on July 27, 2020
Trading Hours 8:45-15:15, 16:30-6:00
(Note) An order acceptance period ("pre-closing") is established for 5 minutes before the Itayose on close.
Trading Hours
Contract Months Nearest 6 contract months (February, April, June, August, October and December)
Strike Prices +/- 20 strike prices with 50 points interval
Last Trading Day Day Session on a business day preceding the Last Trading Day of the current contract month of the standard contract
Final Settlement Price Opening price at the day session of the last trading day of the current contract month of the standard contract
Exercise Period The next business day of the Last Trading Day (European Type)
Contract Unit 100g
Price Increment \1 (\100 per Contract Unit)
Price Limits
  1. The price limit range will be expanded by the following rates when the circuit breaker is triggered.
    Less than \10 \200
    \10 to \39 \300
    \40 to \99 \400
    \100 or above \550
    (Note) The price limits will be expanded to the 1st expansion of price limits, and then to the 2nd expansion of price limits (Price limits in both directions, up or down, will be expanded.)
    Price Limits/ Circuit Breaker Rule
    (Note) OSE may review price limit temporarily considering market conditions and other factors.
  2. Immediately Executable Price Range (DCB) : LTP ±\40
    ※However, the DCB Price Range for Opening Auction and Closing Auction will be ±\120 and ±\80 respectively.
    Immediately Executable Price Range Rule
Circuit Breaker Trading will be suspended while Gold Standard Futures is in SCB state.
Price Limits/ Circuit Breaker Rule
Strategy Trades Unavailable
J-NET Trading Available(Tick size:\0.01, Minimum trading unit:1 unit)
J-NET Trading
Holiday Trading Available
Holiday Trading
Daily Settlement Price Contract Price of Closing Auction of the Day Session (in case there is no such price, theoretical price)
Flexible Options Trading Unavailable
Customer Position Limits (separately for long and short positions) No Position Limits
Margin Calculated by VaR Method
Margin Calculation Method (VaR Method) for Futures and Options (JSCC)
Settlement ・Resale or Repurchase
・Cash settlement of the difference between the strike price and Final Settlement Price
Give-Up Available
Give-Up System
Position-Transfer Available
Position Transfer Systemicon-block
Position Reporting Not required