Trading
Unit
15,000 pounds of orange solids (3% more or less).
Trading
Hours
10:00 am to 1:30 pm; closing period commences at 1:29
pm
Price
Quotation
Prices quoted in cents and hundredths of a cent.
Trading
Months
January, March, May, July, September, November with
at least two January months listed at all times.
Ticker
Symbol
OJ
Minimum
Fluctuation
5/100 of a cent per pound ($7.50 per contract).
Last
Trading Day:
14th business day prior to the last business day of
the month.
First
Notice Day:
First business day of contract month
Daily
Price Limits:
Daily Limit: 5 cents ($750 per contract)
above or below the previous day's settlement price.
Spot Month Limit: A movable 10 cents
($1500 per contract) above or below the previous day's settlement
price. Additionally, on and after first notice day
of the spot month, this same movable 10 cent limit also
applies to the next nearby contract month. Wider limits
can take effect under certain market conditions. Also, substantial
price moves (2,000 points or more) can activate imputed
settlement prices.
Point
Value:
$1.50
Position
Limits:
Delivery Month
300 contracts
Any other month
1,800 contracts
All months combined
3,000 contracts
Futures and options have a combined limit in futures equivalents.
Contact the Exchange for more information..
Basis
Grade:
U.S. Grade A with a Brix value of not less than 62.5 degrees.
Contact the Exchange for more information on other
specifications.
Delivery
Points:
Exchange licensed warehouses in Florida, New Jersey, Delaware,
and California.
Delivery
Methods:
Drums or tanks, at the seller's option.
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Trading
Unit
One FCOJ futures contract.
Trading
Hours
See FCOJ futures
Price
Quotation
Prices quoted in cents and hundredths of a
cent
Trading
Months
In addition to a February options contract, each listed
futures month will have its option month listed for
trading (two Januaries, March, May, July, September,
November). In addition, the nearest calendar month
which is not a futures month will be listed (April,
June, August, October, December).
Ticker
Symbol
OJ
Minimum
Fluctuation
5/100 of a cent per pound ($7.50 per contract).
Last
Trading Day
The third Friday of the month preceding
named option month.
Expiration
Date/Time
Until 5:00 p.m. (New York time) on any trading day including
last trading day.
Daily
Price Limits:
None
Price Quotation:
Prices quoted in cents and hundredths of a cent.
Strike Price Increments:
5 cent increments for all contract months.
Position
Limits:
See Cotton Futures Specifications for combined Futures/Options
Limits.
Contact the Exchange for more information. |
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