| Underlying Contract |
One Class IV Milk Optionscontract |
| Pricing Unit |
Cents per hundredweight (cwt.) |
| Tick Size (minimum fluctuation) |
Full Tick: $0.01 per cwt (= $20.00 per contract)
Half tick: $0.005 per cwt (= $10.00 per contract) |
| Daily Price Limits |
None |
Hours
(All Times are New York Time/ET) |
CME Globex (Electronic Platform |
Sunday at 5:00 p.m. through Friday at 1:55 p.m. Central Time with
daily trading halts from 4:00 p.m. to 5:00 p.m. Central Time |
| Open Outcry: |
MON-FRI: 9:05 a.m. - 1:12 p.m. Central Time
|
Last Trade Date/Time
View Calendar |
Trading shall terminate on the business day immediately preceding the day on which the USDA
announces the Class III price for that contract month. (LTD 12:10 p.m.) |
Contract Months
View Listings |
All Calendar Months |
| Strike Price Intervals |
All Contract Months: $.25 intervals. See CME Rule 55A01.E |
| Exercise Procedure |
American Style See CME Rule 55A02 |
| Position Limits |
Non-spot: 1,000 futures-equivalent contracts in any contract month
Spot: 250 futures-equivelant contracts
All months combined: n/a
See CME Rule 55A01.F. |
| Ticker Symbol |
CME Globex = GDK
Open Outcry = DK
Clearing = DK
View Product Codes
View Vendor Codes |
| Rulebook Chapter |
55A. |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
