Contract Unit | 1 futures contract for 5,000 bushels | ||||
Minimum Price Fluctuation | 1/8 of one cent (0.00125) per bushel = $6.25 | ||||
Price Quotation | U.S. cents 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: OKECME ClearPort: KWOpen Outcry: Put: HP Call: HCClearing: KW | ||||
Listed Contracts | Monthly contracts listed for 3 consecutive months, 6 months of Mar, May, Jul, Sep, Dec and a second Jul 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 |
Contract Unit | 1 futurescalendar spread for 5,000 bushels | ||||
Minimum Price Fluctuation | 1/8 of one cent (0.00125) per bushel = $6.25 | ||||
Price Quotation | The price basis shall be defined as the specified nearby KC HRW Wheat futures contract month price minus the specified deferred Wheat futures contract month price. | ||||
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 |
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: KZCCME ClearPort: K7COpen Outcry: K7CClearing: K7C | ||||
Listed Contracts | 5 successive futures calendar spreads | ||||
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 14M | ||||
Price Limit Or Circuit | Price Limits | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and the next available futures month (nearby spreads) with strike prices in integral multiples of one cent per bushel per KC HRW Wheat Calendar Spread option contract. Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and a futures month beyond the next available futures month (longer dated spreads) with strike prices in integral multiples of five cents per bushel per KC HRW Wheat Calendar Spread option contract. More details on strike price intervals are outlined in Rule 14M01.E. | ||||
Exercise Style | The buyer of a futures calendar spread option may exercise the option only upon expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised absent contrary instructions. | ||||
Settlement Method | Deliverable | ||||
Underlying | KC HRW Wheat Futures |
Contract Unit | One long KC HRW Wheat futures contract (of a specified month) consisting of 5,000 bushels, and one short KC HRW Wheat futures contract (of a differing specified month) consisting of 5,000 Bushels. | ||||
Minimum Price Fluctuation | 1/8 of one cent per bushel = $6.25 per contract | ||||
Price Quotation | The price basis shall be defined as the specified nearby KC HRW Wheat futures contract month price minus the specified deferred KC HRW Wheat futures contract month price. | ||||
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 |
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: CKZCME ClearPort: KCZOpen Outcry: KCZClearing: KCZ | ||||
Listed Contracts | The nearest December-December (1 year) KC HRW Wheat futures spread. | ||||
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 14M | ||||
Block Minimum | Block Minimum Thresholds | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and the next available futures month (nearby spreads) with strike prices in integral multiples of one cent per bushel per KC HRW Wheat Calendar Spread option contract. Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and a futures month beyond the next available futures month (longer dated spreads) with strike prices in integral multiples of five cents per bushel per KC HRW Wheat Calendar Spread option contract. More details on strike price intervals are outlined in Rule 14M01.E. | ||||
Exercise Style | The buyer of a futures calendar spread option may exercise the option only upon expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised absent contrary instructions. | ||||
Settlement Method | Deliverable | ||||
Underlying | KC HRW Wheat Futures |
Contract Unit | One long KC HRW Wheat futures contract (of a specified month) consisting of 5,000 bushels, and one short KC HRW Wheat futures contract (of a differing specified month) consisting of 5,000 Bushels. | ||||
Minimum Price Fluctuation | 1/8 of one cent per bushel = $6.25 per contract | ||||
Price Quotation | The price basis shall be defined as the specified nearby KC HRW Wheat futures contract month price minus the specified deferred KC HRW Wheat futures contract month price. | ||||
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 |
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: KC6CME ClearPort: CK6Open Outcry: CK6Clearing: CK6 | ||||
Listed Contracts | The nearest KC HRW December-July Wheat futures spread. | ||||
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 14M | ||||
Block Minimum | Block Minimum Thresholds | ||||
Price Limit Or Circuit | Price Limits | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and the next available futures month (nearby spreads) with strike prices in integral multiples of one cent per bushel per KC HRW Wheat Calendar Spread option contract. Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and a futures month beyond the next available futures month (longer dated spreads) with strike prices in integral multiples of five cents per bushel per KC HRW Wheat Calendar Spread option contract. More details on strike price intervals are outlined in Rule 14M01.E. | ||||
Exercise Style | The buyer of a futures calendar spread option may exercise the option only upon expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised absent contrary instructions. | ||||
Settlement Method | Deliverable | ||||
Underlying | KC HRW Wheat Futures |
Contract Unit | One long KC HRW Wheat futures contract (of a specified month) consisting of 5,000 bushels, and one short KC HRW Wheat futures contract (of a differing specified month) consisting of 5,000 Bushels. | ||||
Minimum Price Fluctuation | 1/8 of one cent per bushel = $6.25 per contract | ||||
Price Quotation | The price basis shall be defined as the specified nearby KC HRW Wheat futures contract month price minus the specified deferred Wheat futures contract month price. | ||||
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 |
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: KCRCME ClearPort: CKMOpen Outcry: CKMClearing: CKM | ||||
Listed Contracts | The nearest July-December KC HRW Wheat futures spread. | ||||
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 14M | ||||
Block Minimum | Block Minimum Thresholds | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and the next available futures month (nearby spreads) with strike prices in integral multiples of one cent per bushel per KC HRW Wheat Calendar Spread option contract. Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and a futures month beyond the next available futures month (longer dated spreads) with strike prices in integral multiples of five cents per bushel per KC HRW Wheat Calendar Spread option contract. More details on strike price intervals are outlined in Rule 14M01.E. | ||||
Exercise Style | The buyer of a futures calendar spread option may exercise the option only upon expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised absent contrary instructions. | ||||
Settlement Method | Deliverable | ||||
Underlying | KC HRW Wheat Futures |
Contract Unit | One long KC HRW Wheat futures contract (of a specified month) consisting of 5,000 bushels, and one short KC HRW Wheat futures contract (of a differing specified month) consisting of 5,000 Bushels. | ||||
Minimum Price Fluctuation | 1/8 of one cent per bushel = $6.25 per contract | ||||
Price Quotation | The price basis shall be defined as the specified nearby KC HRW Wheat futures contract month price minus the specified deferred KC HRW Wheat futures contract month price. | ||||
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 |
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: 12KCME ClearPort: CKNOpen Outcry: CKNClearing: CKN | ||||
Listed Contracts | The nearest July-July (1 year) KC HRW Wheat futures spread. | ||||
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 14M | ||||
Block Minimum | Block Minimum Thresholds | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and the next available futures month (nearby spreads) with strike prices in integral multiples of one cent per bushel per KC HRW Wheat Calendar Spread option contract. Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and a futures month beyond the next available futures month (longer dated spreads) with strike prices in integral multiples of five cents per bushel per KC HRW Wheat Calendar Spread option contract. More details on strike price intervals are outlined in Rule 14M01.E. | ||||
Exercise Style | The buyer of a futures calendar spread option may exercise the option only upon expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised absent contrary instructions. | ||||
Settlement Method | Deliverable | ||||
Underlying | KC HRW Wheat Futures |
Contract Unit | One long KC HRW Wheat futures contract (of a specified month) consisting of 5,000 bushels, and one short KC HRW Wheat futures contract (of a differing specified month) consisting of 5,000 Bushels. | ||||
Minimum Price Fluctuation | 1/8 of one cent per bushel = $6.25 per contract | ||||
Price Quotation | The price basis shall be defined as the specified nearby KC HRW Wheat futures contract month price minus the specified deferred KC HRW Wheat futures contract month price. | ||||
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 |
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: CK3CME ClearPort: KC3Open Outcry: KC3Clearing: KC3 | ||||
Listed Contracts | The nearest KC HRW March-July Wheat futures spread. | ||||
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 14M | ||||
Block Minimum | Block Minimum Thresholds | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and the next available futures month (nearby spreads) with strike prices in integral multiples of one cent per bushel per KC HRW Wheat Calendar Spread option contract. Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and a futures month beyond the next available futures month (longer dated spreads) with strike prices in integral multiples of five cents per bushel per KC HRW Wheat Calendar Spread option contract. More details on strike price intervals are outlined in Rule 14M01.E. | ||||
Exercise Style | The buyer of a futures calendar spread option may exercise the option only upon expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised absent contrary instructions. | ||||
Settlement Method | Deliverable | ||||
Underlying | KC HRW Wheat Futures |
Contract Unit | 1 futures contract for 5,000 bushels | ||||
Minimum Price Fluctuation | 1/8 of one cent (0.00125) per bushel = $6.25 | ||||
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 | 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: KWECME ClearPort: KWOOpen Outcry: KWOClearing: KWO | ||||
Listed Contracts | 6 monthly contracts listed in the Dec, Mar, May cycle. List a new set of contract months after the termination of trading in the September standard option. Underlying Rule: Dec, Mar and May exercise into the next July futures. |
||||
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 | Trading shall be conducted for put and call options with strike prices in integral multiples of five (5) cents per bushel. More details on strike price intervals are outlined in CBOT Rule 14L01.E. | ||||
Exercise Style | American-style. The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised. | ||||
Settlement Method | Deliverable | ||||
Underlying | KC HRW Wheat Futures |
Contract Unit | 1 futures contract for 5,000 bushels. | ||||
Minimum Price Fluctuation | 1/8 of one cent (0.00125) per bushel = $6.25 | ||||
Price Quotation | U.S. cents 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 |
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: OE1,OE2,OE3,OE4,OE5CME ClearPort: OK1,OK2,OK3,OK4,OK5Open Outcry: OK1,OK2,OK3,OK4,OK5Clearing: OK1,OK2,OK3,OK4,OK5 | ||||
Listed Contracts | Weekly contracts listed for 3 consecutive weeks. No weekly contract listed the week of the monthly option expiration. | ||||
Termination Of Trading | Trading terminates on Friday of the contract week. | ||||
Exchange Rulebook | CBOT 14L | ||||
Block Minimum | Block Minimum Thresholds | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Trading shall be conducted for put and call options with strike prices in integral multiples of five (5) cents per bushel. More details on strike price intervals are outlined in CBOT Rulebook Chapter 14:01.E. | ||||
Exercise Style | American | ||||
Settlement Method | Deliverable | ||||
Underlying | KC HRW Wheat Futures |
© 2021 CME Group Inc. All rights reserved.