CME Group Soybean Oil

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Contract Specifications

Soybean Oil futures
Exchange CME Group
Settlement Physically delivered
Contract Size 60,000 lb
Pricing Unit $6.00
Tick Value 1/100 of a cent ($0.0001) per pound ($6.00 per contract)
Contract Months January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z)
Last Trading Day The business day prior to the 15th calendar day of the contract month.
  Open Outcry Electronic
Trading Hours 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri. Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and

Monday – Friday, 8:30 a.m. – 1:20 p.m. CT

Ticker Symbol BO ZL
Price Limits 2 cents per pound ($1,200/contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day). 2 cents per pound ($1,200/contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).
 
Soybean Oil options
Trade Unit One Soybean Oil futures contract (of a specified month) of 60,000 pounds
Point Value Need point value!
Tick Value 5/1000 of a cent ($0.00005) per pound ($3.00 per contract)
Option Months January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z); 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, an October option exercises into an October futures position.
Strike Prices Need strike price description!
Exercise Style The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Clearing House 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.
  Open Outcry Electronic
Trading Hours Monday – Friday, 8:30 a.m. – 1:15 p.m.

CT with Post session until 1:20 p.m. CT immediately following the close

Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and

Monday – Friday, 8:30 a.m. – 1:20 p.m. CT

Ticker Symbol Put: OZ Call: OY OZL
Price Limits N/A N/A

Notes

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