Cotton Options
Trading Unit - One New York Cotton Exchange Cotton
No. 2 Futures Contract
Trading Hours - See Cotton Futures
Price Quotation - Prices
quoted in cents and hundreths of a cent
Trading Months - March, May, July, October and December. The nearest ten delivery
months will be available for trading.
Ticker Symbol - CT
Minimum Fluctuation - Prices quoted in cents and hundreths
of a cent
Last
Trading Day - The last Friday which precedes first notice day for the underlying future by at least five business
days
Expiration
Date/Time - Until 5:00 p.m (New York time) on any trading day including last trading day. Automatic exercise at one
tick or more in-the-money at expiration on last trading day.
Daily Price Limits - None
Strike Price Increments - 1 cent increments
Minimum Price Fluctuation - 1/100
of a cent
Point
Value - $5.00
Position Limits - See Cotton Futures specifications for combined Futures/Options
Limits
