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KC HRW Wheat Options Contract Specs

Contract Unit One KC HRW Wheat Futures contract (5,000 bushels)
Minimum Price Fluctuation 1/8 cent per bushel = $6.25 per contract
Price Quotation Cents and eighths of a cent per bushel
Trading Hours CME Globex: Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
Open Outcry: Monday – Friday, 8:30 a.m. – 1:15 p.m.
CT with Post session until 1:20 p.m. CT immediately following the close
Product Code CME Globex: OKE
CME ClearPort: KW
Open Outcry: Put: HP Call: HC
Clearing: KW
Listed Contracts Monthly contracts listed for 3 consecutive months with 6 months in the March, May, July, September, December cycle and a second July contract month.
Settlement Procedures Open Outcry

Settlement Team
Termination Of Trading Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 14L
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Ten (10) cents per bushel for standard options, and five (5) cents per bushel for serial options and for standard options when they become the third listed contract month.

Levels of strike price increments: 30 (30 above and 30 below ATM to a minimum strike of 1.00)
Exercise Style American
Settlement Method Deliverable
Underlying KC HRW Wheat Futures