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CBOT Denatured Fuel Ethanol Options
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Type
 
CBOT Standard Options on Denatured Fuel Ethanol Futures
Product Code Ticker: OEHC for Calls, OEHP 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)		 5:00 pm - 2:00 pm, Sunday - Friday Central Time
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.