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Soybean Oil Weekly Options Contract Specs

Options
Contract Unit One Soybean Oil futures contract (of a specified month) of 60,000 pounds
Minimum Price Fluctuation 5/1000 of a cent (0.00005) per pound = $3.00
Price Quotation U.S. cents per pound
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: ZL1,ZL2,ZL3,ZL4,ZL5
CME ClearPort: OZ1,OZ2,OZ3,OZ4,OZ5
Open Outcry: OZ1,OZ2,OZ3,OZ4,OZ5
Clearing: OZ1,OZ2,OZ3,OZ4,OZ5
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 12A
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures 1/2 cent per pound. More details on strike price intervals are outlined in Rule 12A01.E.
Exercise Style American
Settlement Method Deliverable
Underlying Soybean Oil Futures