- Trading Screen Product Name
- Canola 1-Month CSO
- Trading Screen Hub Name
RS1 (1 Month Series)
Determining the two futures months in a CSO pair requires knowing
the Month Symbol of the first month in the pair. All canola CSOs
are consecutive (1-month) calendar spread options. For example, if
the Month Symbol for a CSO contract is K14 (or May 2014), the
second month in the pair is N14 (or July 2014) – one contract
month forward from the K14
- Underlying Contract
A spread position between the two futures contract months.
- Contract Size
Twenty (20) metric tonnes
- Price Quotation
Canadian dollars and cents per metric tonne.
- Contract Months
January, March, May, July and November.
1 Month Series: each of the first six listed futures months, paired
with consecutive listed months.
- Minimum Price Movement
10 cents per tonne
- Option Style
- Automatic Exercise Provisions
All options that are in the money
- Daily Price Limit
- Strike Price Intervals
Minimum Strike Price Increment will be $1.00.
- First Trading Day
As required to fulfill the listing cycle noted above
- Last Trading Day
Each CSO expires on the last trading day of the regular option on
the earlier of the two contract months in the spread pair; for
example, all CSO contracts for which the March 2014 future is the
front month of the pair will expire on the last trading day of the
March 2014 regular option.
- Call Option
Buyer of a CSO Call Option has the right to establish a spread
position of long the first futures month in the spread pair and
short the second futures month in the spread pair, at a price
difference equal to the Strike Price of the CSO contract
- Put Option
Buyer of a CSO Put Option has the right to establish a spread
position of short the first futures month in the spread pair and
long the second futures month in the spread pair, at a price
difference equal to the Strike Price of the CSO contract.
- Strike Price
The Strike Price of a CSO contract can be positive (indicating the
price of the front month is above the price of the back month in
the pair), negative (indicating the price of the front month is
below the price of the back month in the pair) or zero (indicating
the prices of the two months in the pair are the same).
- MIC Code
- Clearing Venues