PORK CUTOUT OPTIONS - CONTRACT SPECS
| 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: PRKCME ClearPort: PRKClearing: 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 |
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| 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 | ||||
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