| Product Code |
Ticker: COS for Calls, POS for Puts
Clearing: 71 |
| Contract Size |
One forward month swap contract |
Tick Size
(minimum fluctuation) |
$0.0001 per gallon ($1.45 per contract) |
| Contract Months |
All calendar months |
| Trading Venue |
OTC (clearing only) |
| Clearing Hours |
Sunday - Friday: 6:36 p.m. - 4:00 p.m. Central Time next day |
| Final Settlement |
For Calls, the final settlement price is the difference between the settlement price for the underlying forward month swap contract and the option strike price o zero, whichever is greater. For Puts, the final settlement price is the difference between the strike price and the underlying forward month swap contract settlement price or zero, whichever is greater. |
| Last Clearing Date |
The last day that the underlying forward month swap contract is available for clearing. |
| Strike Price Increments |
$0.05 per gallon (i.e. 1.900, 1.950, 2.000, 2.050, 2.100, etc.) |
| Exercise |
These options are cash-settled on the last clearing day and cannot be exercised at any time |
| Expiration |
Unexercised options expire at 1:15 p.m. CT on the last day of clearing |
| Rulebook Chapter |
16D |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CBOT. |
