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Ethanol Options Contract Specs

Options
Contract Unit One futures contract
Minimum Price Fluctuation $0.001 per gallon ($1.827 to $1.828 = $29.00 per contract)
Trading Hours CME Globex: Sunday - Friday  6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m.CT) with a 60-minute break each day beginning at 5:00 p.m.(4:00 p.m. CT)
CME ClearPort: Sunday - Friday  6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m.CT) with a 60-minute break each day beginning at 5:00 p.m.(4:00 p.m. CT)
Product Code CME Globex: OEH
CME ClearPort: EH
Clearing: EH
Listed Contracts 15 consecutive months
Settlement Procedures Receive a futures position for the corresponding month.
Termination Of Trading Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 16A
Price Limit Or Circuit $0.30 per gallon ($8,700 per contract) above or below the previous day's settlement price. Limits are lifted on LTD.
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures $0.05 per gallon (i.e. 1.900, 1.950, 2.000, 2.050, 2.100, etc.)
Exercise Procedure 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.
Settlement Method Deliverable
Underlying Denatured Fuel Ethanol Futures