| Product Code |
Ticker: OZEC for Calls, OZEP for Puts
Clearing: EH |
| Contract Size |
One futures contract |
Tick Size
(minimum fluctuation) |
$0.001 per gallon ($1.827 to $1.828 = $29.00 per contract) |
| Contract Months |
All calendar months |
| Trading Venue |
CME Globex |
Trading Hours
(All times are listed in CT) |
Sunday: 6:00 p.m. - 7:15 a.m. Central Time, next day
Monday - Friday: 6:00 p.m. previous day - 7:15 a.m. and 9:30 a.m. - 1:15 p.m. Central Time
Note: Expiring contract closes at 12:00 noon on LTD. |
Daily Price Limits
(maximum fluctuation) |
$0.30 per gallon ($8,700 per contract) above or below the previous day's settlement price. Limits are lifted on LTD. |
| Final Settlement Procedure |
Receive a futures position for the corresponding month. |
| Last Trading Date (LTD) |
The last Friday preceding the first notice day of the corresponding futures contract by at least two business days |
| Strike Price Increments |
$0.05 per gallon (i.e. 1.900, 1.950, 2.000, 2.050, 2.100, etc.) |
| Exercise |
In-the-money options auto-exercise at expiration. Options may exercised until 6:00 p.m. CT on any business day the option is traded. |
| Expiration |
Unexercised Ethanol futures options expire at 7:00 p.m. CT on the last day of trading. |
| Rulebook Chapter |
16A |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CBOT. |
