Live Cattle Options Contract Specs

Minimum Price Fluctuation	Full Tick = $.00025 per pound (=$10.00 per contract)
Price Quotation	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	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

Minimum Price Fluctuation	Full Tick = $.00025 per pound (=$10 per contract) Half Tick = $.000125 per pound (=$5 per contract)
Price Quotation	Cents 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 am – 1:05 pm
Product Code	CME Globex: L0A CME ClearPort: C0A Open Outcry: C0A Clearing: C0A
Listed Contracts	Three (3) monthly contracts of Feb, Apr, Jun, Aug, Oct, Dec
Termination Of Trading	First Friday of the contract month, 1:00 p.m. - See CME Rule 101B01.I.
Position Limits	CME Position Limits
Exchange Rulebook	CME 101B
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	$.005 for all months, $.0025 for front two months only - See CME Rule 101B01.E.
Exercise Procedure	See CME Rule 101B02
Settlement Method	Deliverable
Underlying	Live Cattle Futures

Minimum Price Fluctuation	Full Tick = $.00025 per pound (=$10 per contract) Half Tick = $.000125 per pound (=$5 per contract)
Price Quotation	Cents 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 am - 1:05 pm
Product Code	CME Globex: L0B CME ClearPort: C0B Open Outcry: C0B Clearing: C0B
Listed Contracts	Two (2) monthly contracts of Feb, Apr, Jun, Aug, Oct, Dec
Termination Of Trading	First Friday of the contract month, 1:00 p.m. - See CME Rule 101B01.I.
Position Limits	CME Position Limits
Exchange Rulebook	CME 101B
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	$.005 for all months, $.0025 for front two months only - See CME Rule 101B01.E.
Exercise Procedure	See CME Rule 101B02
Settlement Method	Deliverable
Underlying	Live Cattle Futures

Minimum Price Fluctuation	Full Tick: $0.00025 per pound = $10.00 Half Tick:$0.000125 per pound = $5.00
Price Quotation	Cents 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 am – 1:05 pm
Product Code	CME Globex: L0C CME ClearPort: C0C Open Outcry: C0C Clearing: C0C
Listed Contracts	1 monthly contract of Feb, Apr, Jun, Aug, Oct, Dec
Termination Of Trading	First Friday of the contract month, 1:00 p.m. - See CME Rule 101B01.I.
Position Limits	CME Position Limits
Exchange Rulebook	CME 101B
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	$.005 for all months, $.0025 for front two months only - See CME Rule 101B01.E.
Exercise Procedure	See CME Rule 101B02
Settlement Method	Deliverable
Underlying	Live Cattle Futures

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