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 5:30 p.m. | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Cheese Futures | ||||
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