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Cash-Settled Cheese Options Contract Specs
| Minimum Price Fluctuation |
Full Tick: $0.001 per pound (= $20.00 per contract) Half tick: $0.0005 per pound (= $10.00 per contract) |
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| Price Quotation | Dollars per pound | ||||
| Trading Hours | CME Globex: | Sundays at 5:00 p.m. through Friday at 1:55 p.m. with daily trading halts from 4:00 p.m. to 5:00 p.m. | Open Outcry: | MON-FRI: 9:05 a.m. - 1:12 p.m. (LTD 12:10 p.m.) | CME ClearPort: | Sunday – Friday 5:00 p.m. – 4:00 p.m. Chicago Time (CT) with a 60–minute break each day beginning at 4:00 p.m. |
| Product Code | CME Globex: CSCCME ClearPort: CSCOpen Outcry: CSCClearing: CSC | ||||
| Listed Contracts | Monthly contracts listed for 24 consecutive months | ||||
| Termination Of Trading | Trading terminates on the business day immediately preceding the release date for the USDA monthly weighted average price in the U.S. for cheese. LTD close is at 12:10 p.m. Central Time | ||||
| Position Limits | CME Position Limits | ||||
| Exchange Rulebook | CME 60A | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | Strikes listed for 50% of the underlying settlement price above and below the at-the-money strike at $0.025 per pound increments in all months. | ||||
| Exercise Procedure | Any business day that the option is traded until 7:00 p.m. | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Cheese Futures | ||||
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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
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