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Live Cattle Options Contract Specs

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Options
Minimum Price Fluctuation Full Tick = $.00025 per pound (=$10 per contract)
Price Quotation Cents per per pound
Trading Hours CME Globex: Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
Open Outcry: Monday - Friday: 8:30 a.m. - 1:02 p.m. CT
CME ClearPort: Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
Product Code CME Globex: LE
CME ClearPort: 48
Open Outcry: Put: PK Call: CK
Clearing: 48
Listed Contracts 9 months of Feb, Apr, Jun, Aug, Oct, Dec, plus one serial month of Jan, Mar, May, Jul, Sep, or Nov
Termination Of Trading First Friday of the contract month, 1:00 p.m. - See CME Rule 101A01.I.
Position Limits CME Position Limits
Exchange Rulebook CME 101A
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strikes listed for 50% of the underlying settlement price above and below the at-the-money strike at $0.02 per pound increments in all months and additional strikes listed for 25% of the underlying settlement price above and below the at-the-money strike at $0.01 per pound increments in the nearest 3 Standard months and 1 Serial month.
Exercise Procedure American Style See CME Rule 101A02
Settlement Method Deliverable
Underlying Live Cattle Futures