SHORT-DATED NEW CROP SOYBEAN OPTIONS - CONTRACT SPECS
| 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: OZSCME ClearPort: SOpen Outcry: Put: PZ Call: CZClearing: S | ||||
| Listed Contracts | Monthly contracts listed for 3 consecutive months, 9 monthly contracts of Jan, Mar, May, Jul, Aug, Sep, Nov and an additional Nov contract month listed in August. | ||||
| Termination Of Trading | Trading terminates on Friday which precedes, by at least 2 business days, the last business day of the month prior to the contract month. | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 11A | ||||
| 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 striking prices in integral multiples of ten (10) cents and twenty (20) cents per bushel. More details on strike price intervals are outlined in Rule 11A01.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 | Soybean Futures | ||||
| Contract Unit | One long Soybean futures contract (of a specified month) consisting of 5,000 bushels, and one short Soybean futures contract (of a differing specified month) consisting of 5,000 Bushels. | ||||
| Minimum Price Fluctuation | 1/8 of one cent per bushel = $6.25 | ||||
| Price Quotation | The price basis shall be defined as the specified nearby Soybean futures contract month price minus the specified deferred Soybean 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: SZ4CME ClearPort: SC4Open Outcry: SC4Clearing: SC4 | ||||
| Listed Contracts | The nearest August-November (1 year) Soybean 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. | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 11E | ||||
| 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 Soybean 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 Soybean Calendar Spread option contract. More details on strike price intervals are outlined in Rule 11E01.E. | ||||
| Exercise Style | American | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Soybean Futures | ||||
| Contract Unit | 1 futures calendar spread for 5,000 bushels | ||||
| Minimum Price Fluctuation | 1/8 of one cent (0.00125) per bushel = $6.25 | ||||
| Price Quotation | U.S. dollars and 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: CZSCME ClearPort: ZSCOpen Outcry: ZSCClearing: ZSC | ||||
| Listed Contracts | 7 successive futures calendar spreads | ||||
| Termination Of Trading | Trading terminates on the Friday before the 2nd last business day of the month prior to the contract month. | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 11E | ||||
| 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 Soybean 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 Soybean Calendar Spread option contract. More details on strike price intervals are outlined in Rule 11E01.E. | ||||
| Exercise Style | American | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Soybean Futures | ||||
| Contract Unit | One long Soybean futures contract (of a specified month) consisting of 5,000 bushels, and one short Soybean 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 Soybean futures contract month price minus the specified deferred Soybean 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: SZ8CME ClearPort: S8COpen Outcry: S8CClearing: S8C | ||||
| Listed Contracts | January-March (Different calendar years) Soybean 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 11E | ||||
| 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 Soybean 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 Soybean Calendar Spread option contract. More details on strike price intervals are outlined in Rule 11E01.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 | Soybean Futures | ||||
| Contract Unit | One long Soybean futures contract (of a specified month) consisting of 5,000 bushels, and one short Soybean 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 Soybean futures contract month price minus the specified deferred Soybean 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: SZKCME ClearPort: KSCOpen Outcry: KSCClearing: KSC | ||||
| Listed Contracts | The nearest January-May Soybean 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 11E | ||||
| 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 Soybean 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 Soybean Calendar Spread option contract. More details on strike price intervals are outlined in Rule 11E01.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 | Soybean Futures | ||||
| Contract Unit | One long Soybean futures contract (of a specified month) consisting of 5,000 bushels, and one short Soybean 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 Soybean futures contract month price minus the specified deferred Soybean 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: SZ1CME ClearPort: SC1Open Outcry: SC1Clearing: SC1 | ||||
| Listed Contracts | July-July Soybean 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 11E | ||||
| 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 Soybean 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 Soybean Calendar Spread option contract. More details on strike price intervals are outlined in Rule 11E01.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 | Soybean Futures | ||||
| Contract Unit | One long Soybean futures contract (of a specified month) consisting of 5,000 bushels, and one short Soybean 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 Soybean futures contract month price minus the specified deferred Soybean 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: SZ5CME ClearPort: SC5Open Outcry: SC5Clearing: SC5 | ||||
| Listed Contracts | The nearest July-November Soybean 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 11E | ||||
| 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 Soybean 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 Soybean Calendar Spread option contract. More details on strike price intervals are outlined in Rule 11E01.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 | Soybean Futures | ||||
| Contract Unit | one 5,000 bushel calendar spread | ||||
| Minimum Price Fluctuation | 1/8 of one cent 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: SZHCME ClearPort: KSHOpen Outcry: KSHClearing: KSH | ||||
| Listed Contracts | 1 March-July spead | ||||
| Termination Of Trading | Trading terminates on the Friday prior to the 2nd last business day of the month prior to the contract month | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 11E | ||||
| 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 Soybean 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 Soybean Calendar Spread option contract. More details on strike price intervals are outlined in Rule 11E01.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 | Soybean Futures | ||||
| Contract Unit | One long Soybean futures contract (of a specified month) consisting of 5,000 bushels, and one short Soybean 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 Soybean futures contract month price minus the specified deferred Soybean 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: SZ0CME ClearPort: SC0Open Outcry: SC0Clearing: SC0 | ||||
| Listed Contracts | March-November Soybean 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 11E | ||||
| 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 Soybean 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 Soybean Calendar Spread option contract. More details on strike price intervals are outlined in Rule 11E01.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 | Soybean Futures | ||||
| Contract Unit | One long Soybean futures contract (of a specified month) consisting of 5,000 bushels, and one short Soybean 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 Soybean futures contract month price minus the specified deferred Soybean 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: SC7CME ClearPort: C7SOpen Outcry: C7SClearing: C7S | ||||
| Listed Contracts | The nearest May - November Soybean 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 11E | ||||
| 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 Soybean 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 Soybean Calendar Spread option contract. More details on strike price intervals are outlined in Rule 11E01.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 | Soybean Futures | ||||
| Contract Unit | One long Soybean futures contract (of a specified month) consisting of 5,000 bushels, and one short Soybean 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 Soybean futures contract month price minus the specified deferred Soybean 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: SZ9CME ClearPort: SX9Open Outcry: SX9Clearing: SX9 | ||||
| Listed Contracts | The nearest November- July Soybean 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 11E | ||||
| 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 Soybean 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 Soybean Calendar Spread option contract. More details on strike price intervals are outlined in Rule 11E01.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 | Soybean Futures | ||||
| Contract Unit | One long Soybean futures contract (of a specified month) consisting of 5,000 bushels, and one short Soybean 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 Soybean futures contract month price minus the specified deferred Soybean 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: SZ3CME ClearPort: SC3Open Outcry: SC3Clearing: SC3 | ||||
| Listed Contracts | November-March Soybean 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 11E | ||||
| 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 Soybean 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 Soybean Calendar Spread option contract. More details on strike price intervals are outlined in Rule 11E01.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 | Soybean Futures | ||||
| Contract Unit | One long Soybean futures contract (of a specified month) consisting of 5,000 bushels, and one short Soybean 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 Soybean futures contract month price minus the specified deferred Soybean 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: 12SCME ClearPort: SCXOpen Outcry: SCXClearing: SCX | ||||
| Listed Contracts | The nearest November-November (1 year) Soybean 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 11E | ||||
| 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 Soybean 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 Soybean Calendar Spread option contract. More details on strike price intervals are outlined in Rule 11E01.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 | Soybean Futures | ||||
| Contract Unit | 1 futures contract for 5,000 bushels | ||||
| Minimum Price Fluctuation | 0.00125 per bushel = $6.25 | ||||
| Price Quotation | U.S. dollars and 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: OSDCME ClearPort: SDFOpen Outcry: SDFClearing: SDF | ||||
| Listed Contracts | Monthly cotracts listed for 24 months. Add 12 new contract months (Oct-Sep) following the ternination of trading in the September contract of the current year. Underlying Rule: Jan-Sep excersise into November futures of the current year. Oct-Dec excersise into November futures of the following year. |
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| Termination Of Trading | Trading terminates on Friday before the 2nd last business day of the month prior to the contract month, if this is not a business day, trading terminates on the prior business day. | ||||
| Position Limits | CBOT Position Limits | ||||
| 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 | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Soybean 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: ZS1,ZS2,ZS3,ZS4,ZS5CME ClearPort: CZ1,CZ2,CZ3,CZ4,CZ5Open Outcry: CZ1,CZ2,CZ3,CZ4,CZ5Clearing: CZ1,CZ2,CZ3,CZ4,CZ5 | ||||
| Listed Contracts | Weekly contracts listed for 3 consecutive weeks. No weekly contract listed the same week as the monthly option expiration. | ||||
| Termination Of Trading | Trading terminates on Friday of the contract week | ||||
| 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 | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Soybean Futures | ||||
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