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Soybean Weekly Options Contract Specs

Options
Contract Unit One Soybean futures contract (of a specified month) of 5,000 bushels
Minimum Price Fluctuation 1/8 of one cent per bushel ($6.25 per contract)
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: ZS1,ZS2,ZS3,ZS4,ZS5
CME ClearPort: CZ1,CZ2,CZ3,CZ4,CZ5
Open Outcry: CZ1,CZ2,CZ3,CZ4,CZ5
Clearing: CZ1,CZ2,CZ3,CZ4,CZ5
Termination Of Trading Unexercised Soybean futures options shall expire at 7:00 p.m. on the last day of trading.
Exchange Rulebook CBOT 11A
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 ten (10) cents per bushel. More details on strike price intervals are outlined in Rule 11A01.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 CME Clearing by 6:00 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 Soybean Futures

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