Tools
Recent Open Auction
Ag Put-Call Ratio 2004
A Relative Value Volatility Trade in Corn and Soybeans
Establishing A Poultry Feed Cost Range
A Relative Value Volatility Trade in Corn and Soybeans
Establishing A Poultry Feed Cost Range
Soybean Oil Options
| Contract Size |
|
One CBOT Soybean Oil futures contract (of a specified contract month) of 60,000 lbs. |
| Tick Size |
| 5/1000cent ($0.00005)/lb ($3/contract) |
| Strike Price Intervals |
| 1/2 cent / lb when the strike price is less than 30 cents / lb; 1 cent / lb when the strike price is 30 cents / lb or greater. At the commencement of trading, list a consecutive series of strikes within 5.5 cents above and below the at-the-money strike. |
| Contract Months |
|
Oct, Dec, Jan, Mar, May, Jul, Aug, Sep; a monthly (serial) option contract is listed when the front month is not a standard option contract. The monthly option contract exercises into the nearby futures contract. For example, a November option exercises into a December futures position. |
| Last Trading Day |
| For standard option contracts: The last Friday preceding the first notice day of the corresponding soybean oil futures contract month by at least two business days.
For serial option contracts: The last Friday which precedes by at least two business days the last business day of the month preceding the option month. |
| Exercise |
| 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 service provider 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. |
| Expiration |
|
Unexercised Soybean Oil futures options shall expire at 7:00 p.m. on the last day of trading. |
| Trading Hours |
| Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri. Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri. |
| Ticker Symbols |
| Open Auction: OY for calls / OZ for puts Electronic: OZL |
| Daily Price Limit |
| 2.5 cents per pound ($1,500/contract) above or below the previous day's settlement price. Limits are lifted on the last trading day. |
| Margin Information |
| Find information on margins requirements for the Soybean Oil Options. |
©2009 Chicago Board of Trade. All rights reserved. Investor Relations | Site Map | Legal | Contact Us | 
| Subscriptions
| Subscriptions