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JPY/USD Options
Quotes | Contract Specifications | Performance Bonds / Margins | Product Calendar | Learn More
 


Type

American Style Premium | American Style Volatility | European Style Premium | European Style Volatility

JPY/USD American Style Premium Options
Contract Size One futures contract for 12,500,000 Japanese yen
Contract Month Listings Four months in the March quarterly cycle (Mar, Jun, Sep, Dec), 2 serial months and 4 weekly
Settlement Procedure Option on physical delivery futures contract
Position Accountability 10,000 contracts
Ticker Symbol American Style Quarterly and serial options:
CME Globex Electronic Markets: 6J
Open Outcry: CJ
Puts: PJ

American Style Weekly options:
CME Globex Electronic Markets: 6J1-6J5
Open Outcry: 1J - 5J
AON Code: LJ

View product and vendor codes
Minimum Price Fluctuation (Tick) $.000001 per Japenese yen increments ($12.50/contract). Also, trades may occur at $.0000005 ($6.25), $.0000015 ($18.75), $.0000025 ($31.25), $.0000035 ($43.75), $.0000045 ($56.25), when price is below five ticks of premium.
Trading Hours
OPEN OUTCRY (RTH)
7:20 a.m.-2:00 p.m.
GLOBEX (ETH)
Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
Last Trade Date / Time
View calendar		 Quarterly and Serial Options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. (2:00 p.m. CT)

Weekly Options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. (2:00 p.m. CT)
 
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
 
JPY/USD American Style Volatility Options
Contract Size One futures contract for 12,500,000 Japanese yen
Contract Month Listings Four months in the March quarterly cycle (Mar, Jun, Sep, Dec), 2 serial months and 4 weekly
Settlement Procedure Option on physical delivery futures contract
Position Accountability 10,000 contracts
Ticker Symbol Volatility Quoted Options: V6J
Volatility Quoted Weekly Options: VJ1-VJ5

View product and vendor codes
Minimum Price Increment 0.025 percent of implied volatility. Following a volatility trade, CME Globex will convert the volatility-traded options position into a premium-based options position for clearing. This converted tick price will be rounded to the nearest minimum tick of $0.0000001 per Japanese yen.
Trading Hours
GLOBEX (ETH)
Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
Last Trade Date / Time
View calendar		 Quarterly and Serial Options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. (2:00 p.m. CT)

Weekly Options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. (2:00 p.m. CT)

However, please note that volatility quote trading for a given option ends on the day before termination of trading. Premium-based trading continues through and including the termination of trading for the option.
 
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
 
JPY/USD European Style Premium Options
Contract Size One futures contract for 12,500,000 Japanese yen
Contract Month Listings Four months in the March quarterly cycle (Mar, Jun, Sep, Dec), 2 serial months and 4 weekly
Settlement Procedure Option on physical delivery futures contract
Position Accountability 10,000 contracts
Ticker Symbol European Style Options:
CME Globex Electronic Markets: XJ
Open Outcry: YJ

European Style Weekly options:
CME Globex Electronic Markets: 1O-5O
Open Outcry: 1Y-5Y
AON Code: 0J

View product and vendor codes
Minimum Price Fluctuation (Tick) $.000001 per Japenese yen increments ($12.50/contract). Also, trades may occur at $.0000005 ($6.25), $.0000015 ($18.75), $.0000025 ($31.25), $.0000035 ($43.75), $.0000045 ($56.25), when price is below five ticks of premium.
Trading Hours
OPEN OUTCRY (RTH)
7:20 a.m.-2:00 p.m.
GLOBEX (ETH)
Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
Last Trade Date / Time
View calendar		 Quarterly and Serial Options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. (9:00 a.m. CT)

Weekly Options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. (9:00 a.m. CT)
 
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.
 
JPY/USD European Style Volatility Options
Contract Size One futures contract for 12,500,000 Japanese yen
Contract Month Listings Four months in the March quarterly cycle (Mar, Jun, Sep, Dec), 2 serial months and 4 weekly
Settlement Procedure Option on physical delivery futures contract
Position Accountability 10,000 contracts
Ticker Symbol European Style Volatility Quoted Options: VXJ
European Style Volatility Quoted Weekly Options: VJA-VJE

View product and vendor codes
Minimum Price Fluctuation (Tick) 0.025 percent of implied volatility. Following a volatility trade, CME Globex will convert the volatility-traded options position into a premium-based options position for clearing. This converted tick price will be rounded to the nearest minimum tick of $0.0000001 per Japanese yen.
Trading Hours
GLOBEX (ETH)
Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
Last Trade Date / Time
View calendar		 Quarterly and Serial Options: Close of trading is on the second Friday immediately preceding the third Wednesday of the contract month. (9:00 a.m. CT)

Weekly Options: Close of trading is on the four nearest Fridays that are not also terminations for quarterly and serial options. (9:00 a.m. CT)

However, please note that volatility quote trading for a given option ends on the day before termination of trading. Premium-based trading continues through and including the termination of trading for the option.
 
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.