What are the contract sizes for the PHLX World Currency Options?
In order to provide an easy-to-use foreign exchange trading vehicle, the underlying contract size is generally 10,000 units of foreign currency (1,000,000 for the Japanese Yen). The retail-sized contract, coupled with the U.S. dollar-settlement feature allows for simple calculation of option premium and profit and loss, the same as for index options. Unlike some other foreign exchange products like futures and options on futures where the contract sizes can be much greater, PHLX World Currency Options are “Right Sized” for retail options and futures traders.
