| Contract Size |
One Soybean Oil futures contract (of a specified month) of 60,000 pounds |
|
Tick Size (minimum fluctuation)
|
5/1000 of a cent ($0.00005) per pound ($3.00 per contract) |
| Strike Price Intervals |
1/2 cent per pound. More details on strike price intervals are outlined in Rule 12A01.E. |
| Contract Months (Symbols) |
January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z); 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 |
2.5 cents per pound expandable to 3.5 cents per pound and then to 5.5 cents per pound when the market closes at limit bid or limit offer. There shall be no price limits on the last trading day. |
| Last Trade Date |
For standard option contracts: The last Friday preceding the first notice day of the corresponding corn futures contract month by at least two business days.
For 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 Oil futures options shall expire at 7:00 p.m. on the last day of trading. |
| Trading Hours |
CME Globex (Electronic Platform)
6:00 pm - 7:15 am and 9:30 am - 1:15 pm Central Time, Sunday - Friday
Open Outcry (Trading Floor)
9:30 am - 1:15 pm Central Time, Monday - Friday
|
| Product Ticker Symbols |
CME Globex
OZL
07=Clearing
Open Outcry
OY for calls/OZ for puts
|
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CBOT. |
