SXOTM – S&P Canada 60 Index Options
Trading Unit
Multiplier: C$100 per S&P/TSX 60 index point.
Contract Months
Nearest three months plus the next two months in the designated quarterly cycle March, June, September and December.
Annual expiry of December (long term).
Price Quotation
Quoted in index points, expressed to two decimals.
Last Trading Day
Trading ceases on the trading day prior to the Expiration Day.
Expiration Day
The 3rd Friday of the contract month, providing it be a business day; if not, the 1st preceding day.
Contract Type
European style. Cash settlement. The final settlement price is the Official Opening Level of the underlying index on the expiration day.
Price Fluctuation
- 0.01 index point = C$1 per contract, for premiums of less than 0.10 index points
- 0.05 index points = C$5 per contract, for premiums of 0.10 index points and over
Strike Prices
Set at a minimum of 2.5 index points.
Set at a minimum of 5 index points (long term).
Reporting Limit
1,500 contracts on the same side of the market in all contract months combined.
Price Limits
A trading halt will be invoked in conjunction with the triggering of "circuit breakers" in the underlying stocks.
Trading Hours (Montréal time)
9:35 a.m. to 4:15 p.m.
TopUseful Document
