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Random Length Lumber Options
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Type
 
Random Length Lumber Options
Underlying Contract One Random Length Lumber futures contract
Pricing Unit Dollars per 1,000 board feet (mbf)
Tick Size (minimum fluctuation) Full Tick = $.10 per mbf (=$11 per contract);
Half Tick = $.05 per mbf (=$5.50 per contract)
Daily Price Limits None
Trading Hours
(All times listed are Central Time)		 CME Globex (Electronic Platform) MON 9:00 a.m. - FRI 1:55 p.m. Central Time
Daily trading halts 4:00 p.m. - 5:00 p.m.
OPEN OUTCRY (Trading Floor)
MON-FRI: 9:00 a.m. -1:07 p.m.
Last Trade Date/Time
View Calendar		 Last business day of the prior month, 1:05 p.m.
Contract Months
View Listings		 REGULAR Jan, Mar, May, Jul, Sep, Nov
SERIAL
Feb, Apr, Jun, Aug, Oct, Dec
Strike Price Intervals $5 for all months, See CME Rule 201A01.E.
Exercise Procedure American style. See CME Rule 201A02.
Position Limits Non-Spot: 1,000 contracts in any contract month
Spot: n/a
All months combined: n/a
See CME Rule 201A01.F.
Symbols View Product and Vendor Codes
Rulebook Chapter 201A
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.