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Live Cattle Options Specifications

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Options Contract Specifications
     
The live cattle contract specifications tell you how the live cattle options trade, not how to trade live cattle options. Before you consider opening a commodity options account, you should consult with a licensed commodities broker.

LIVE CATTLE OPTIONS

Trade Unit

One Live Cattle Futures Contract  

    

Point Descriptions

1 point = .01 cents per hundred pound = $4.00  

    

Contract Listing

Feb, Apr, Jun, Aug, Oct, Dec, plus Serial Months, and Flex Options
Six months in Feb bi-monthly cycle. One serial month.   

    

Strike Price

Interval N/A  

      

Product Code

Clearing
Calls/Puts=48
Ticker
Calls=CK
Puts=PK
Globex=LE   

    

Trading Venue

Floor  

     

Hours

9:05 a.m.-1:02 p.m. LTD(1:00 p.m.)

    

Listed

All listed series  

     

Strike

All listed intervals  

    

Limits

N/A  

   

Minimum Fluctuation

Regular 0.00025/lb=$10.00 Cab 0.000125/lb=$5.00  

    

Trading Venue

CME® Globex®  

    

Hours

Mon-Thurs 5:00 p.m.-4:00 p.m. Shutdown period from 4:00 p.m.-5:00 p.m. Sun & Hol 5:00 p.m.-4:00 p.m.  

     

Listed

N/A  

    

Strike

N/A  

    

Limits

N/A

    

Minimum Fluctuation

Regular 0.00025/lb=$10.00

Cab 0.000125/lb=$5.00

Click here to contact a commodities broker with experience in the live cattle market.

Commodity trading is not suitable for everyone. The risk of loss in trading can be substantial. This material has been prepared by a sales or trading employee or agent of Van Commodities, Inc. and is, or is in the nature of, a solicitation. This material is not a research report prepared by Van Commodities, Inc. Research Department. Please view our Risk Disclaimer.

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