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Soybean Options Contract Specs

Contract Size One Soybean futures contract (of a specified month) of 5,000 bushels
Tick Size (minimum fluctuation) 1/8 of one cent per bushel ($6.25 per contract)
Strike Price Intervals Trading shall be conducted for put and call options with striking prices in integral multiples of ten (10) cents and twenty (20) cents per bushel. More details on strike price intervals are outlined in Rule 11A01.E.
Contract Months/Symbols January (F), March (H), May (K), July (N), August (Q), 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 contract. For example, an October option exercises into a November futures position.
Daily Price Limit There is no daily price limit any day.
Last Trade Date For Standard and 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 Soybean futures options shall expire at 7:00 p.m. on the last day of trading.
Trading Hours CME Globex (Electronic Platform) 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 Ticker Symbols CME Globex (Electronic Platform) OZS
Open Outcry (Trading Floor)
CZ for calls/PZ for puts
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CBOT.