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Live Cattle Options
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Type
 
Live Cattle Options
Underlying Contract One CME Live Cattle Futures Contract
Pricing Unit Cents per per pound
Tick Size (minimum fluctuation) Full Tick = $.00025 per pound (=$10 per contract);
Half Tick = $.000125 per pound (=$5 per contract)
Daily Price Limits None
Trading Hours CME Globex (Electronic Platform) MON 9:05 a.m. - FRI 1:55 p.m. Central Time
Daily trading halts 4:00 p.m. - 5:00 p.m. Central Time
Open Outcry (Trading Floor)
MON-FRI: 9:05 a.m. -1:02 p.m. Central Time
Last Trade Date/Time
View Calendar		 First Friday of the contract month, 1:00 p.m. - See CME Rule 101A01.I.
Contract Months
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REGULAR
Feb, Apr, Jun, Aug, Oct, Dec
SERIAL
Jan, Mar, May, Jul, Sep, Nov
Strike Price Intervals $.02 for all months, $.01 for front two months only
See CME Rule 101A01.E.
Exercise Procedure American Style See CME Rule 101A02
Position Limits Non-spot: 6,300 contracts in any contract month
All months combined: n/a
See CME Rule 101A01.F.
Ticker Symbol CME Globex = LE
Open Outcry = CK/PK
Clearing = 48
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Rulebook Chapter 101A
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.