Futures Option definition

Futures Option means an Options Market Contract in respect of which the Underlying Financial Product is a Futures Market Contract.

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Futures Option means any option in relation to a Futures Contract which is transacted in accordance with the business rules or practices of the relevant Exchange;

Futures Option means a put or call option on futures traded on any exchange.

Examples of Futures Option in a sentence

• Unless the Market specifies otherwise, the unit of trading for Futures Options shall be one contract in the series of Futures underlying such Futures Option.

• The Market may select the underlying Futures contracts that are the subject of Futures Options to be traded on the Market and cleared by the Corporation, subject to the Corporation’s prior written approval for any Futures Option or underlying Futures contracts that present New Product Risk.

• In the case of Futures, the delisting shall not occur until after the maturity of all existing Futures positions on the specific underlying interest and the maturity of any Futures positions that may result from the exercise of a Futures Option on the specific underlying interest.

• Notwithstanding anything set forth in paragraphs (i) and (ii) above, if the Corporation concludes that the proposed underlying interest, Futures Option, or underlying Futures contract presents a New Product Risk, the Corporation may refuse to clear and settle such Cleared Contract.

More Definitions of Futures Option

Futures Option means an option or Chapter 8 right to assume, at a specified price or value and within a specified period, a bought position, or a sold position, in relation to an eligible commodity agreement or in relation to an adjustment agreement.