Sugar No. 11 Options22

Description

Weekly Sugar No. 11 options launch February 6. View weekly options contract specifications here. View Weekly Options FAQ here.

Market Specifications

Symbol
SO
Contract Size
SO=One "SB" futures contract (112,000 pounds [50 long tons])
Price Quotation
Cents and hundreths of a cent to two decimal places
Contract Months
Regular Options: January, March, May, July and October. Serial Options: February,April, June, August, September, November and December. For the January regular option, the March contract is the underlying future. For serial options, the underlying future is the next Regular futures contract month.
Minimum Price Movement
1/100 of a cent per pound ($11.20/contract)
Daily Price Limit
None
Strike Price Intervals
Strike Price Increment will be $.25 cents at all price levels.
First Trading Day (Regular Options)
Business day following the day on which the underlying future is listed for trading.
First Trading Day (Serial Options)
First business day of the third calendar month preceding the serial option month.
Last Trading Day
Last Trading Day is the 15th calendar day of the month that precedes the options trading month, or the first business day after the 15th should this day be a weekend or an Exchange holiday.
Expiration Date
17:00 Eastern time on the last trading day. Automatic exercise at one tick or morein-the-money at expiration on last trading day.
Position Limits
Position Limit and Position Accountability information for all IFUS products can be found here.
MIC Code
IFUS
Clearing Venue
ICUS

Trading Hours

CityTradingPre-Open
New York3:30 AM - 1:00 PM
03:30 - 13:00
8:00 PM
20:00
London8:30 AM - 6:00 PM
08:30 - 18:00
1:00 AM
01:00
Singapore3:30 PM - 1:00 AM*
15:30 - 01:00
8:00 AM
08:00

*Next Day

Codes

Clearing Admin Name
Sugar No 11
Physical
SB
Logical
SB
GMI (FC)
27
R&N A.C.N.
2055