Ethanol Options Contract Specs
| Contract Unit | One futures contract | ||||
| Minimum Price Fluctuation | $0.001 per gallon ($1.827 to $1.828 = $29.00 per contract) | ||||
| Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m.CT) with a 60-minute break each day beginning at 5:00 p.m.(4:00 p.m. CT) | CME ClearPort: | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m.CT) with a 60-minute break each day beginning at 5:00 p.m.(4:00 p.m. CT) | |
| Product Code | CME Globex: OEHCME ClearPort: EHClearing: EH | ||||
| Listed Contracts | 15 consecutive months | ||||
| Settlement Procedures | Receive a futures position for the corresponding month. | ||||
| Termination Of Trading | Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month. Trading in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract. | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 16A | ||||
| Price Limit Or Circuit | $0.30 per gallon ($8,700 per contract) above or below the previous day's settlement price. Limits are lifted on LTD. | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | $0.05 per gallon (i.e. 1.900, 1.950, 2.000, 2.050, 2.100, etc.) | ||||
| Exercise Procedure | In-the-money options auto-exercise at expiration. Options may exercised until 6:00 p.m. CT on any business day the option is traded. | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Denatured Fuel Ethanol Futures | ||||
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