QUICK LINKS
TRADING TOOLS
AFFILIATED SITES
Options on ETFs
Trading Unit
 
100 shares of one of the exchange-traded funds.
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 day. Options will expire on the Saturday following the last trading day.
Contract Type
 
American style. Exercise is carried out via the Canadian Derivatives Clearing Corporation (CDCC) and delivery is carried out via the CDS Clearing and Depository Services Inc., on the 3rd business day following the exercise date.
Price Fluctuation
 
  • C$0.01 for premiums of less than C$0.10
  • C$0.05 for premiums of C$0.10 and up
 
For more information on penny trading, refer to circular 048-11.
Strike Prices
 
  • Set at a minimum of C$0.50 intervals
  • Set at a minimum of C$1.00 intervals (long term)
Reporting Limit
 
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 4:00 p.m.