OPTIONS ON BITCOIN FUTURES - CONTRACT SPECS
| Contract Unit | 1 futures contract for 5 bitcoin | ||||
| Minimum Price Fluctuation |
5.00 per bitcoin = $25.00 Spreads: 1.00 per bitcoin = $5.00 |
||||
| Price Quotation | U.S. dollars per bitcoin | ||||
| Trading Hours | CME Globex: | Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) | 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: BTCCME ClearPort: BTCClearing: BTC | ||||
| Listed Contracts | Monthly contracts listed for 6 consecutive months and 2 additional Dec contract months. If the 6 consecutive months includes Dec, list only 1 additional Dec contract month. | ||||
| Termination Of Trading | Trading terminates at 4:00 p.m. London time on the last Friday of the contract month. If this is not both a London and U.S. business day, trading terminates on the prior London and the U.S. business day. | ||||
| Position Limits | CME Position Limits | ||||
| Exchange Rulebook | CME 350A | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | All contract months: 100000 point strikes listed for all contract months 10000 point strike increments from 10000-600% above the ATM strike price 1000 point strike increments from 1000-400% above the ATM strike price Dynamic Strike creation in 25 point strike increments. Nearest four contract months: 500 point strike increments from 50% below to 50% above the ATM strike price. Nearest three contract months: 100 point strike increments from 30% below to 30% above the ATM strike price. Nearest two contract months: If underlying future price falls below 5000, 50 point strike increments from 20% below to 10% above the ATM strike price. |
||||
| Exercise Style | European | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Bitcoin Futures | ||||
© 2021 CME Group Inc. All rights reserved.