Live Cattle Options Contract Specs
| Minimum Price Fluctuation | Full Tick = $.00025 per pound (=$10 per contract) | ||||
| Price Quotation | Cents per per pound | ||||
| Trading Hours | CME Globex: | Monday - Friday: 8:30 a.m. - 1:05 p.m. CT | Open Outcry: | Monday - Friday: 8:30 a.m. - 1:02 p.m. CT | CME ClearPort: | Monday - Friday: 8:30 a.m. - 1:05 p.m. CT |
| Product Code | CME Globex: LECME ClearPort: 48Open Outcry: Put: PK Call: CKClearing: 48 | ||||
| Listed Contracts | 9 months of Feb, Apr, Jun, Aug, Oct, Dec, plus one serial month of Jan, Mar, May, Jul, Sep, or Nov | ||||
| Termination Of Trading | First Friday of the contract month, 1:00 p.m. - See CME Rule 101A01.I. | ||||
| 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 | ||||
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