Weekly Cotton No. 2 Options4210002

Description

Weekly Options are short-life, American-style options that generally match the terms of the regular monthly options on IFUS futures contracts. Additional information on Weekly Options can be found at: IFUS Weekly Options FAQ.

Market Specifications

Trading Screen Product Name
Cotton No. 2 Weekly
Trading Screen Hub Name
NYCC
Contract Size
One Cotton No. 2 futures contract
Tick Size
.01 cent per lb., equivalent to $5.00 per contract
Strike Price Intervals
1-cent per lb./100 point increments
Exercise
American style. Exercise of a Weekly Option will result in creation of a position in the underlying Cotton No. 2 future contract.
Trading Hours
ETS: 9:00 pm to 2:30 pm NY time
Floor: 10:30 am to 2:15 pm NY time
Expiration Date
Weekly Options expire on the Last Trading Day of the contract.
Last Trading Day
A specified Friday that is not also the last trade date of a monthly option contract. If such a Friday is the last trade date of a monthly option, then the Weekly Option that would expire on that Friday will not be listed for trading.
First Trading Day
Three Weekly Options will be listed at all times. A new Weekly Option will be listed on the business day following the last trade date of any Weekly Option.
Symbol
CTW
The Contract Symbol shown above will be used for weekly options listed on and after September 8, 2014. For information on the symbols used prior to that date please go to IFUS_Weekly_Options_FAQ .
Underlying Contract
The first listed future contract for which the monthly option on the future contract has not yet expired, with the proviso that the October futures contract is not eligible to be the underlying future on a Weekly Cotton No. 2 Option contract.
MIC Code
IFUS
Clearing Venues
ICUS
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Trading Hours

CityTradingPre-Open
New York9:00 PM - 2:20 PM*
21:00 - 14:20
7:30 PM
19:30
London2:00 AM - 7:20 PM*
02:00 - 19:20
12:30 AM
00:30
Singapore9:00 AM - 2:20 AM*
09:00 - 02:20
7:30 AM
07:30

*Next Day

Codes

Clearing Admin Name
O-Cotton No 2
Physical
CTW
Logical
CTW
GMI(FC)
R&N A.C.N.