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ICE Futures U.S.

Cocoa Options

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Description

The Cocoa contract is the world benchmark for the global cocoa market. The contract prices the physical delivery of exchange-grade product from a variety of African, Asian and Central and South American origins to any of five US delivery ports.

Market Specifications

Trading Screen Product Name
Cocoa Futures
Trading Screen Hub Name
NYCC
Contract Symbol
CC
Contract Size
One Cocoa CC futures contract (10 metric tons)
Price Quotation
Dollars per metric ton
Contract Series
Regular Options: March, May, July, September and December

Serial Options: January, February, April, June, August, October and November. For a serial option, the underlying future is the next Regular futures contract month
Minimum Price Fluctuation
$1.00/metric ton, equivalent to $10.00 per contract.
Daily Price Limit
None
Strike Price Intervals
Strike increment is $50 per ton.
First Trading Day (Regular Options)
Business day following the business 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
Through and including the May 2025 expiry (including serial and regular option months), the first Friday of the preceding calendar month.

Starting with the June 2025 serial and July 2025 regular expiries, the second Friday of the month preceding such regular or serial option month, provided however that for each option there will be a minimum of four trading days between the last trading day of the expiring option and the first notice day of the expiring future.
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 Limit
"Position Limit and Position Accountability information for all IFUS products can be found here.
MIC Code
IFUS
Clearing Venues
ICUS

Trading Hours

CityTradingPre-Open
New York4:45 AM - 1:30 PM
04:45 - 13:30
8:00 PM
20:00
London9:45 AM - 6:30 PM
09:45 - 18:30
1:00 AM
01:00
Singapore4:45 PM - 1:30 AM
16:45 - 01:30
8:00 AM
08:00

Codes

Clearing Admin Name
O-Cocoa
Physical
CC
Logical
CC
GMI (FC)
CY
ION A.C.N.
2050
Symbol Code
CC