The Short-Dated Options on the deferred (New Crop) months are early expiring options that reference the May Soybean Futures contract.
|CME Globex||Open Outcry||Bloomberg||Reuters||CQG||Propht X|
|Contract Value||One CBOT May Soybean futures contract of 5,000 bushels|
|Minimum Price Fluctuation||1/8 of one cent per bushel ($6.25 per contract)|
|Trading and Clearing Hours||CME Globex||Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and Monday – Friday, 8:30 a.m. – 1:20 p.m. CT|
|Open Outcry||Monday – Friday, 8:30 a.m. – 1:15 p.m. CT with Post session until 1:20 p.m. CT immediately following the close|
|CME ClearPort||Sunday – riday, 5:00 p.m. – 4:15 p.m. CT with a 45-minute break each day beginning at 4:15 p.m. CT|
|Product Code||CME Globex: SRS CME ClearPort: SRS Open Outcry: SRS Clearing: SRS|
|Listed Contracts||On the first trading day following the expiration of standard May option, the following 5 contract months will be listed: July (N), September (U), November (X), next January (F), and next March (H). Each of these options will exercise into the May futures contract that is nearest to the expiration of the option. A new listing cycle will begin on the first trading day following the expiration of the next standard May option.|
|Termination Of Trading||Unexercised Soybean futures options shall expire at 7:00 p.m. on the last day of trading.|
|Exchange Rulebook||CBOT 11A|
|Strike Price Interval||Trading shall be conducted for put and call options with strike prices in integral multiples of ten (10) cents per bushel. More details on strike price intervals are outlined in Rule 11A01.E.|
|Exercise Style||The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Clearing House by 6:00 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised.|
|First Listed Months||January 2016 and March 2016|
|Underlying||CBOT Soybean Futures|
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The information within this fact card has been compiled by CME Group for general purposes only. Although every attempt has been made to ensure the accuracy of the information within this brochure, CME Group assumes no responsibility for any errors or omissions. Additionally, all examples in this brochure are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience.
All matters pertaining to rules and specifications herein are made subject to and are superseded by official CME, CBOT, and NYMEX rules. Current rules should be consulted in all cases concerning contract specifications.
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