PORK CUTOUT OPTIONS - CONTRACT SPECS

Options
Contract Unit 1 futures contract for 40,000 pounds
Minimum Price Fluctuation Outright: 0.00025 per pound = $10.00
HALF TICK 0.000125 per pound = $5.00
Price Quotation U.S. cents per pound
Trading Hours CME Globex: Monday - Friday: 8:30 a.m. - 1:05 p.m. CT
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: PRK
CME ClearPort: PRK
Clearing: PRK
Listed Contracts Monthly contracts listed of:
2 Feb listed in August
2 Apr listed in October
2 May listed in December
2 Jun listed in December
2 Jul listed in February
2 Aug listed in April
2 Oct listed in May
2 Dec listed in June
Termination Of Trading Trading terminates at 12:00 p.m. CT on the 10th business day of the contract month.
Position Limits CME Position Limits
Exchange Rulebook CME 156A
Block Minimum Block Minimum Thresholds
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 months.
Exercise Procedure American Style See CME Rule 152A02
Settlement Method Deliverable
Underlying Pork Cutout Futures