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KC HRW Wheat Options Contract Specs

Options
Contract Unit One KC HRW Wheat Futures contract (of a specified month) of 5,000 bushels.
Minimum Price Fluctuation 1/8 of One Cent per Bushel ($6.25 per contract)
Trading 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
Product Code CME Globex: OE1,OE2,OE3,OE4,OE5
CME ClearPort: OK1,OK2,OK3,OK4,OK5
Open Outcry: OK1,OK2,OK3,OK4,OK5
Clearing: OK1,OK2,OK3,OK4,OK5
Termination Of Trading Unexercised futures options shall expire at 7:00 p.m. on the last day of trading.
Exchange Rulebook CBOT 14L
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Trading shall be conducted for put and call options with strike prices in integral multiples of five (5) cents per bushel. More details on strike price intervals are outlined in CBOT Rulebook Chapter 14:01.E.
Exercise Style American-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.
Settlement Method Deliverable
Underlying KC HRW Wheat Futures