Options on iShares Sector Index Funds (XEG, XFN, XGD, XIT, XMA)
Trading Unit
100 iShares of one of the following Funds:
XEG, XEX > CDN S&P/TSX Capped Energy Index Fund
XFN > CDN S&P/TSX Capped Financials Index Fund
XGD, XGL > CDN S&P/TSX Global Gold Index Fund
XIT > CDN S&P/TSX Capped Information Technology Index Fund
XMA > CDN S&P/TSX Capped Materials Index Fund
Contract Months
Nearest three months plus the next two months in the designated quarterly cycle March, June, September and December.
Annual expiry of March (long term).
Price Quotation
Quoted in Canadian currency.
Last Trading Day/Expiration
Trading ceases on the 3rd Friday of the contract month, providing it be a business day; if not, the 1st preceding business day. Options will expire on the next day following the last trading day of the contract month.
Contract Type
American style. Exercise is via the Canadian Derivatives Clearing Corporation (CDCC). Options shall be exercised by clearing approved participants in accordance with the Rules and General Conditions of the designated Clearing Corporation. Options may be exercised only in a unit of trading or in an integral multiple thereof.
Delivery is via the CDS Clearing and Depository Services Inc.
Delivery is via the CDS Clearing and Depository Services Inc.
Price Fluctuation
- C$0.01 for premiums of less than C$0.10
- C$0.05 for premiums of C$0.10 and up
Strike Prices
Set at a minimum of $0.50.
Reporting Limit
500 contracts on the same side of the 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 4:00 p.m.


