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 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT |
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 5:30 p.m. | ||||
Settlement Method | Deliverable | ||||
Underlying | Cheese Futures |