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International Skimmed Milk Powder Options
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Type
 
International Skimmed Milk Powder Options
Underlying Contract One Deliverable International Skimmed Milk Futures contract
Pricing Unit Cents per per metric tonne
Tick Size (minimum fluctuation) Full Tick: $.50 per metric tonne (= $10.00 per contract)
Half tick: $.25 per metric tonne (= $5.00 per contract)
Daily Price Limits None
Trading Hours CME Globex (Electronic Platform) Sunday 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.
Last Trade Date/Time
View calendar		 Trading shall terminate on the first Friday of the delivery month of the underlying futures contract. If that Friday is not a business day, then trading shall terminate on the immediately preceding business day. (LTD 12:10 p.m.)
Contract Months
View listings		 All Calendar Months
Strike Price Intervals All Contract Months: $5.00 intervals (See CME Rule 59A01.E)
Exercise Procedure American Style See CME Rule 59A01
Position Limits 1000 futures-equivalent contracts in any contract month
See CME Rule: 59A01.F
Ticker Symbol View product and vendor codes
CME Rulebook Chapter 59A
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.