Clearing House Advisory Notices
To | Clearing Member Firms
From | Clearing House Department
Subject | New CME Live Cattle and Lean Hog Options and Option Strategies
Notice Date | 2006-11-15
Notice Number | 06-275
Effective Date | 2006-12-04
Effective Monday, December 4, 2006, CME Live Cattle (LE) and Lean Hog (HE) option outrights and options strategies will be available for side-by-side trading on CME Globex during regular trading hours (9:05 a.m. – 1:02 p.m. for options on LE and 9:10 a.m. – 1:02 p.m. for options on HE) These options will launch with UDS Covereds. The recognized options strategies are:
Spread Type | Spread Type Code | Live Cattle Options | Lean Hog Options
Straddle | ST | Supported | Supported
Strangle | SG | Supported | Supported
Risk Reversal | RR | Supported | Supported
Vertical Call or Put | VT | Supported | Supported
Calendar Call or Put* | HO | Supported | Not Supported
3-Way Call or Put | 3W | Supported | Supported
*Calendar Call or Put Spreads will only be available for CME Live Cattle options. If you have any questions regarding this notice, please contact CME Clearing Services at 312.205.2525. Printer Friendly Version. . .