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Rough Rice Options Contract Specs

Options
Contract Unit One Rough Rice futures contract (of a specified month) of 2,000 hundredweights (cwt.)
Minimum Price Fluctuation 1/4 of one cent per hundredweight ($5.00 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: OZR
CME ClearPort: 14
Open Outcry: Put: RRP Call: RRC
Clearing: 14
Listed Contracts 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.
Termination Of Trading Unexercised Rough Rice futures options shall expire at 7:00 p.m. on the last day of trading.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 17A
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures 20 cents per hundredweight. More details on strike price intervals are outlined in Rule 17A01.E.
Exercise 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 Rough Rice Futures