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Soybean Oil Options Contract Specs

Options
Contract Unit One Soybean Oil futures contract (of a specified month) of 60,000 pounds
Minimum Price Fluctuation 5/1000 of a cent ($0.00005) per pound ($3.00 per contract)
Trading Hours CME Globex: Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday, 8:30 a.m. – 1:15 p.m. CT
Open Outcry: (Trading Floor) Monday – Friday, 8:30 a.m. – 1:15 p.m. CT
Product Code CME Globex: OZL
CME ClearPort: 07
Open Outcry: Put: OZ Call: OY
Clearing: 07
Listed Contracts January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z); 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 contract. For example, an October option exercises into an October futures position.
Termination Of Trading Unexercised Soybean Oil futures options shall expire at 7:00 p.m. on the last day of trading.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 12A
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval 1/2 cent per pound. More details on strike price intervals are outlined in Rule 12A01.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 Oil Futures