-
About
|
About CME Group Information and Resources - Careers|
-
Investor Relations
|
Investor Relations Financial ReportsShareholder Information - Media Room|
-
Feedback
|
- Global
- Electronic Trading |
-
Clearing
|
Clearing Clearing ServicesFinancial and Collateral ManagementClearing OperationsBusiness Continuity Mgt/DR -
CME ClearPort
|
CME ClearPort - OTC Derivatives Clearing CME ClearPort - Market Data Services |
- Market Regulation |
- Education |
- Resources
Agricultural Products
View an Agricultural Product
Rough Rice Options
Type
| Rough Rice Options | |||||
|---|---|---|---|---|---|
| Contract Size | One Rough Rice futures contract (of a specified month) of 2,000 hundredweights (cwt.) | ||||
| Tick Size (minimum fluctuation) | 1/4 of one cent per hundredweight ($5.00 per contract) | ||||
| Strike Price Intervals | 20 cents per hundredweight. More details on strike price intervals are outlined in Rule 17A01.E. | ||||
| Contract Months/Symbols | January (F), March (H), May (K), July (N), September (U) & November (X); a monthly (serial) option contract is listed when the front month is not a standard option contract. The monthly option contract exercises into the nearby futures contact. For example, an August option exercise into a September futures position. | ||||
| Daily Price Limit | $0.50 per hundredweight expandable to $0.75 and then to $1.15 when the market closes at limit bid or limit offer. There shall be no price limits on the last trading day. | ||||
| Last Trade Date | For standard option contracts: The last Friday preceding the first notice day of the corresponding corn futures contract month by at least two business days. For serial option contracts: The last Friday which precedes by at least two business days the last business day of the month preceding the option month. |
||||
| Exercise | 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. | ||||
| Expiration | Unexercised Rough Rice futures options shall expire at 7:00 p.m. on the last day of trading. | ||||
| Trading Hours | CME Globex (Electronic Platform) |
6:00 pm - 7:15 am and 9:30 am - 1:15 pm Central Time, Sunday - Friday
|
|||
| Open Outcry (Trading Floor) |
9:30 am - 1:15 pm Central Time, Monday - Friday
|
||||
| Product Ticker Symbols | CME Globex (Electronic Platform) | OZR 14=Clearing |
|||
| Open Outcry (Trading Floor) |
RRC for calls/RRP for puts
|
||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CBOT. | ||||
