ROUGH RICE OPTIONS - CONTRACT SPECS
| Contract Unit | One Rough Rice futures contract of 2,000 hundredweight (cwt.) | ||||
| Minimum Price Fluctuation | 1/4 of one cent per hundredweight = $5.00 | ||||
| Trading Hours | CME Globex: | Sunday – Thursday, 7:00 p.m. – 9:00 p.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: OZRCME ClearPort: 14Open Outcry: Put: RRP Call: RRCClearing: 14 | ||||
| Listed Contracts | Monthly contracts listed for 2 consecutive months, 1 month of Mar and 2 months of May, Jul, Sep, Nov and Jan | ||||
| 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. | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 17A | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | 20 cents per hundredweight. More details on strike price intervals are outlined in Rule 17A01.E. | ||||
| Exercise 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 | Rough Rice Futures | ||||
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