Options on Three-month Euroyen Futures

Options on Three-month Euroyen futures are the transactions to trade the right to buy (call options) or sell (put options) a certain volume of Three-month Euroyen futures contract at a predetermined price ("strike price").
An option buyer obtains the right to buy or sell an option contract by paying option premium to an option seller. In exchange of receiving option premium, the option seller assumes the obligation to let the option buyer exercise the right (“exercise” or “option exercise”). In Options market, an investor trades an option’s price or premium which will be influenced by the futures price of underlying assets and other factors.

Underlying asset Three-month Euroyen futures
Trading unit One unit of Three-month Euroyen futures ("Euroyen futures") ¥100,000,000 (Notional principal amount)
Price quotation Quoted in Euroyen futures points (0.005)
Strike price interval 0.125
Tick size & value 0.005 (¥1,250)
Contract months 5 contract quarterly months (March, June, September, December)
Exercise style American type
On the last trading day, ITM options (options with intrinsic value) will be automatically exercised
Last trading day Two business days prior to the third Wednesday of the contract month
Final settlement date The first business day following the last trading day
Trading hours (JST) 8:30 - 8:45 Pre-open period (Order entry without execution)
8:45 - 11:30 Day(morning) session (Cleared as today's trade)
11:30 - 12:30 Restricted period (Cancel and volume cutback only)
12:30 - 15:30 Day(afternoon) session (Cleared as today's trade)
15:30 - 20:00 Evening session (Cleared as the next day's trade)
Trading hours for the contract on its last trading day (JST) 8:30 - 8:45 Pre-open period
8:45 - 11:00 Day session

market information

  1. TFX Historical Database
  2. Exchange Holidays


  1. Options on Three-month Euroyen Futures(brochure)
  2. Accessing TFX Interest rate system 2014

For details, see "Outline for Three-month Euroyen Futures option contract"
For order types and modifiers available for this product, see "Order Types".