| Milk Options | |||||
|---|---|---|---|---|---|
| Underlying Contract | One Milk Futures contract | ||||
| Pricing Unit | Cents per hundredweight (cwt.) | ||||
| Tick Size (minimum fluctuation) | Full Tick: $0.01 per cwt (= $20.00 per contract) Half tick: $0.005 per cwt (= $10.00 per contract) |
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| Daily Price Limits | None | ||||
| Trading Hours (All times listed are Central Time) | GLOBEX (Electronic Platform) | Sundays at 5:00 p.m. through Friday at 1:55 p.m. with daily trading halts from 4:00 p.m. to 5:00 p.m. | |||
| OPEN OUTCRY (Trading Floor) | MON-FRI: 9:05 a.m. - 1:12 p.m. (LTD 12:10 p.m.) | ||||
| Last Trade Date/Time View Calendar |
Trading shall terminate on the business day immediately preceding the day on which the USDA announces the Class III price for that contract month. (LTD 12:10 p.m.) | ||||
| Contract Months View Listings |
All Calendar Months | ||||
| Strike Price Intervals | All Contract Months: $.25 intervals. See CME Rule 52A01.E | ||||
| Exercise Procedure | American Style See CME Rule 52A02 | ||||
| Position Limits | Non-spot: 1,500 futures-equivalent contracts in any contract month Spot: n/a All months combined: n/a See CME Rule 52A01.F. |
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| Ticker Symbol | View Product Codes View Vendor Codes |
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| Rulebook Chapter | 52A | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of the CME. | ||||