Contact Specifications | Trade Futures
||SOYBEANS OIL OPTIONS
Trading Unit One CBOT Soybean Oil futures contract (of a specified contract month) of 60,000 lbs.
Five thousandths ($0.00005)/lb ($3/contract)
At the initial listing for all strike prices less than 25 cents, there will be 11 strikes above and 11 below the “at-the-money” strikes at one-half-cent intervals plus the next 4 consecutive strikes above at one-cent intervals. If the underlying is equal to or greater than 25 cents, there will be 6 strikes above and below at one-cent intervals, plus the next 4 consecutive strikes above at two-cent intervals.
1 cent/lb ($600/contract) above or below the previous days settlement premium (expandable to $1.1/2 cent/lb). Limits are lifted on the last trading day.
Oct, Dec, Jan, Mar, May, Jul, Aug, Sep
The last Friday preceding the first notice day of the corresponding soybean oil futures contract by at least five business days
The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Board of Trade Clearing Corporation by 6:00 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised.
Unexercised options expire at 10:00 a.m. Chicago time on the first Saturday following the last day of trading.
9:30 a.m. – 1:15 p.m. Chicago time, Mon-Fri. Trading in expiring contracts closes at noon on the last trading day. Project AŽ overnight session hours are from 10:30 p.m. – 4:30 a.m., Sun-Thu.
OY for calls / OZ for puts
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