Options on Swiss Franc Futures

Ticker Symbols: Long dated: Calls: CF, Puts: PE

Short dated Calls: QFC, Puts: QFP

Underlying Contract: One SF futures contract

Strike Prices: $.01 intervals, e.g., $.75, $.76

Premium Quotations: US $ per Swiss franc

Min Price Fluct: $.0001 - $12.50 (cabinet = $6.25)

Daily Price Limit: Option ceases trading when the corresponding future locks limit

Contract Months: All 12 calendar months

Trading Hours: (Chicago Time): 7:20 am-2:00 pm

Last Day of Trading: Long dated: Two Fridays before the 3rd Wednesday of the contract month; Short dated: The Friday immediately succeeding the 3rd Wednesday of the contract month.

Min Perform Bond: No performance bond required for put or call option buyers, but the premium must be paid in full; option sellers must meet additional performance bond requirements as determined by the Standard Portfolio Analysis of Risk (SPAN ) performance bond system.

Exercise Procedure: An option may be exercised by the buyer up to and including the last day of trading. To exercise, the clearing member representing the buyer submits in Exercise Notice to the Clearing House by 7:00 p.m. on the day of exercise. Any long in-the-money option position not liquidated or exercised prior to termination of trading will be automatically exercised.


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