RANDOM LENGTH LUMBER OPTIONS - CONTRACT SPECS
| Minimum Price Fluctuation |
Full Tick = 0.10 per mbf = $11.00 per contract; Half Tick = 0.05 per mbf = $5.50 per contract |
||||
| Price Quotation | Dollars per 1,000 board feet (mbf) | ||||
| Trading Hours | CME Globex: | Monday - Friday: 9:00 a.m. - 3:05 p.m. CT | Open Outcry: | Monday - Friday 9:00 a.m. -3:05 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: LBSCME ClearPort: LBOpen Outcry: Put: JL Call: KLClearing: LB | ||||
| Listed Contracts | Regular | Jan, Mar, May, Jul, Sep, Nov | |||
| Serial | Feb, Apr, Jun, Aug, Oct, Dec | ||||
| Termination Of Trading | Trading terminates on the last business day of the prior month, 3:05 p.m. CT | ||||
| Position Limits | Non-Spot: 1,000 contracts in any contract month Spot: n/a All months combined: n/a See CME Rule 201A01.F. |
||||
| Exchange Rulebook | 201A | ||||
| 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 $5 per 1,000 board feet (mbf) increments in all months | ||||
| Exercise Procedure | American style. See CME Rule 201A02. | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Random Length Lumber Futures | ||||
-
Recommended For Agricultural Traders
-
Quick Links
Contract Related
- Agricultural Options Open Interest Profile Tool
- Agriculture RFQ Contact Directory
- QuikStrike Options Pricing and Analysis
- Request for Cross
- Cash-Settled Futures
Resources
© 2021 CME Group Inc. All rights reserved.