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)
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: CSC CME ClearPort: CSC Open Outcry: CSC Clearing: 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

Quick Links

Trade this Product

Tools

Send Us Feedback

Who We Are

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.