PORK CUTOUT OPTIONS - CONTRACT SPECS
| Contract Unit | 1 futures contract for 40,000 pounds | ||||
| Minimum Price Fluctuation |
Full Tick = $.00025 per pound (=$10 per contract); Half Tick = $.000125 per pound (=$5 per contract) |
||||
| 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 | Contracts listed for: 2 months each of May and Jun listed in December. 2 months of Jul listed in February. 2 months of Aug listed in April. 2 months of Oct listed in May. 2 months of Dec listed in June. 2 months of Feb listed in August. 2 months of Apr listed in October |
||||
| Termination Of Trading | Trading terminates on the 10th business day of the contract month, 12:00 p.m. CT. | ||||
| 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 | ||||
Quick Links
Trade this Product
Tools
- QuikStrike Analytics
- Open Interest
- Commitment of Traders
- Interactive Expiration Calendar
- Conversion Calculators
- Ags Certs Versus Receipts FAQ
Related
Try the CME Group Mobile App
© 2021 CME Group Inc. All rights reserved.