100 shares of one of the exchange-traded funds.

Nearest three months plus the next two months in the designated quarterly cycle March, June, September and December. Annual expiry of March (long term).

Quoted in Canadian currency.

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.

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.

• 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.

• Set at a minimum of C$0.50 intervals
• Set at a minimum of C$1.00 intervals (long term)

500 contracts on the same side of the market in all contract months combined.

A trading halt will be invoked in conjunction with the triggering of "circuit breakers" in the underlying stocks.

9:35 a.m. to 4:00 p.m.