LIVE CATTLE OPTIONS - CONTRACT SPECS

Options
Contract Unit 1 futures contract for 40,000 pounds
Minimum Price Fluctuation 0.00025 per pound = $10.00
Price Quotation U.S. cents per per pound
Trading Hours 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
Open Outcry: Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
Product Code CME Globex: LE
CME ClearPort: 48
Open Outcry: Put: PK Call: CK
Clearing: 48
Listed Contracts Monthly contracts (Feb, Apr, Jun, Aug, Oct, Dec) listed for 9 months and 1 month of Jan, Mar, May, Jul, Sep, Nov
Termination Of Trading Trading terminates at 1:00 p.m. CT on the first Friday of the contract month.
Position Limits CME Position Limits
Exchange Rulebook CME 101A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strikes listed for 50% of the underlying settlement price above and below the at-the-money strike at $0.02 per pound increments in all months and additional strikes listed for 25% of the underlying settlement price above and below the at-the-money strike at $0.01 per pound increments in the nearest 3 Standard months and 1 Serial month.
Exercise Procedure American Style See CME Rule 101A02
Settlement Method Deliverable
Underlying Live Cattle Futures