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Feeder Cattle Options Contract Specs

Options
Minimum Price Fluctuation Full Tick = $.00025 per pound (=$12.50 per contract);
Half Tick = $.000125 per pound (=$6.25 per contract)
Price Quotation Cents per per pound
Trading Hours CME Globex: Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
Open Outcry: Monday - Friday: 8:30 a.m. - 1:02 p.m. CT
CME ClearPort: Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
Product Code CME Globex: GF
CME ClearPort: 62
Open Outcry: Put: JF Call: KF
Clearing: 62
Listed Contracts 8 months of Jan, Mar, Apr, May, Aug, Sep, Oct, Nov
Termination Of Trading Last Thursday of the contract month with exceptions for November and other
months, 12:00 p.m. - See CME Rule 102A01.I.
Position Limits CME Position Limits
Exchange Rulebook CME 102A
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval $.02 for all months, $.01 for front two months only, $.005 for spot month
See CME Rule 101A01.E.
Exercise Procedure American Style See CME Rule 102A02
Settlement Method Deliverable
Underlying Feeder Cattle Futures