MGEX-CBOT Wheat Spread Options

From MarketsWiki
Jump to: navigation, search

MGEX-CBOT Wheat Spread Options futures
Exchange CME Group
Settlement Cash settled
Pricing Unit Need pricing unit!
Tick Value Need tick value!
Contract Months Need contract months!
Last Trading Day Need LTD rules!
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A N/A
Ticker Symbol N/A N/A
Price Limits N/A N/A
MGEX-CBOT Wheat Spread Options options
Trade Unit One MGEX-CBOT Wheat Intercommodity spread option reflects the spread between one MGEX Wheat futures contract of a specified month, and one CBOT Wheat futures contract of a specified month.
Point Value cents per bushel (1/8 of one cent per bushel ($6.25 per contract).)
Tick Value $.05/bushel ($.05/bushel)
Option Months MGEX July - CBOT July

MGEX September - CBOT July MGEX December - CBOT December -->

Strike Prices Strike prices will be listed in increments of five cents per bushel. The minimum strike price range will include the

strike price closest to the current MGEX-CBOT futures spread price, plus the next ten consecutive higher and the next ten consecutive lower strike prices.

Exercise Style European-style. The buyer of an MGEX-CBOT Wheat Spread option that is in-the-money after the close on the

last trade day will be cash settled to the final settlement price

  Open Outcry Electronic
Trading Hours 9:30 a.m. - 1:15 p.m. Central Time, Monday - Friday 6:00 p.m. - 7:15 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sunday – Friday
Ticker Symbol MCG MCW
Price Limits Same as Globex The sum of the trading limits for MGEX Wheat futures and CBOT Wheat futures. There shall be no price limits on

the last trading day.