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Soybean Meal Weekly Options Contract Specs

Options
Contract Unit One Soybean Meal futures contract (of a specified month) of 100 short tons
Minimum Price Fluctuation 5 cents per short ton ($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: ZM1,ZM2,ZM3,ZM4,ZM5
CME ClearPort: MZ1,MZ2,MZ3,MZ4,MZ5
Open Outcry: MZ1,MZ2,MZ3,MZ4,MZ5
Clearing: MZ1,MZ2,MZ3,MZ4,MZ5
Termination Of Trading Unexercised Weekly Soybean Meal futures options shall expire at 7:00 p.m. on the last day of trading.
Exchange Rulebook CBOT 13A
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures $5 per short ton. More details on strike price intervals are outlined in Rule 13A01.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 Soybean Meal Futures