Specifications For Standardised Currency Options

Exchange: PHLX

Underlying Currencies Available/Symbols:



* Half-point strike price symbols are available in the three near-term months only.

Contract Size:



Exercise Style: European and American.

Premium Quotations: Stated in cents per unit of underlying currency, except the French franc which is quoted in tenths of a cent and the Japanese yen which is quoted in hundredths of a cent. Minimum tick is 0.01¢ for all currencies except the French franc which is 0.002¢ and the Japanese yen which is 0.0001¢.

Examples:
(1) A premium quotation of 2.48 for an option on the British pound represents a premium payment of $0.0248 x 31,250 = $775;

(2) A premium quotation of 0.23 for an option on the Japanese yen represents a premium payment of $0.000023 x 6,250,000 = $143.75.

Strike Price Intervals: