| Underlying | Rapeseed Meal Futures Contract |
| Contract Type | Call Option, Put Option |
| Trading Unit | One rapeseed meal futures contract |
| Price Quotation | Chinese yuan (CNY)/metric ton |
| Minimum Price Fluctuation | CNY0.5/metric ton |
| Price Limit | The same as the price limit of the rapeseed meal futures contract |
| Contract Months | The two consecutive nearby months of the underlying futures contract; the options contracts of the following months will be listed on the second trading day after the open interests (single-sided) of their underlying futures contracts exceed 5,000 lots after clearing. |
| Trading Hours | Monday to Friday (except public holidays) 9:00 a.m.—11:30 a.m. 13:30 p.m.—15:00 p.m. (Beijing time) Other trading hours stipulated by Zhengzhou Commodity Exchange |
| Last Trading Day | The 3rd trading day of the month prior to the futures delivery month and other dates stipulated by Zhengzhou Commodity Exchange |
| Expiration Day | The same as the last trading day |
| Strike Price | Based on the settlement price of the previous trading day of rapeseed meal futures, six in-the-money option contracts, one at-the-money option contract and six out-of-the-money option contracts will be listed according to the strike price interval. The strike price interval is: CNY25/metric ton when the strike price is less than or equal to CNY2,500/metric ton; CNY50/metric ton when the strike price is greater than CNY2,500/metric ton and less than or equal to CNY5,000/metric ton; CNY100/metric ton when the strike price is greater than CNY5,000/metric ton. |
| Exercise Style | American style. The buyer can submit the application for exercising rapeseed meal option during trading hourson the expiration day or any trading day before the expiration day. The buyer can submit the application for exercising or waiving the exercise before 15:30 on the expiration day. |
