PORK CUTOUT OPTIONS - CONTRACT SPECS

Options
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: PRK
CME ClearPort: PRK
Clearing: 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