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Lean Hog Options Contract Specs

Options
Minimum Price Fluctuation Full Tick = $.00025 per pound (=$10 per contract);
Half Tick = $.000125 per pound (=$5 per contract)
Price Quotation Cents 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: HE
CME ClearPort: LN
Open Outcry: Put: PH Call: CH
Clearing: LN
Listed Contracts Monthly contracts listed as follows:
2 months each of May and Jun listed in December.
2 months of Jul listed in February.
2 months of Aug listed in April.
2 months of Oct listed in May.
2 months of Dec listed in June.
2 months of Feb listed in August.
2 months of Apr listed in October
Termination Of Trading 10th business day of the contract month, 12:00 p.m.
Position Limits CME Position Limits
Exchange Rulebook CME 152A
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval $.02 for all months, $.01 for front two months only - See CME Rule 152A01.E.
Exercise Procedure American Style See CME Rule 152A02
Settlement Method Deliverable
Underlying Lean Hog Futures