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KC HRW Wheat Options Contract Specs

Contract Unit One KC HRW Wheat Futures contract (5,000 bushels)
Minimum Price Fluctuation 1/8 cent per bushel ($6.25 per contract)
Price Quotation Cents and eighths of a cent per bushel
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: OKE
CME ClearPort: KW
Open Outcry: Put: HP Call: HC
Clearing: KW
Listed Contracts Three (3) consecutive month expirations and six (6) standard expirations of March (H), May (K), July (N), September (U) & December (Z).
Settlement Procedures Open Outcry

Settlement Team
Termination Of Trading Ordinary cycle months - The last Friday which precedes by at least two (2) business days the first notice day for Hard Red Winter Wheat Futures. Serial months - The last Friday which precedes by at least two (2) business days the last business day of the calendar month immediately preceding the option serial month.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 14L
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Ten (10) cents per bushel for standard options, and five (5) cents per bushel for serial options and for standard options when they become the third listed contract month.

Levels of strike price increments: 30 (30 above and 30 below ATM to a minimum strike of 1.00)
Exercise Style American
Settlement Method Deliverable
Underlying KC HRW Wheat Futures