COFFEE OPTIONS
Trading
Unit
One Coffee "C" futures contract (37,500 pounds)
Price Quotation
Cents and hundredths of a cent up to two decimal places
Minimum Price Fluctuations
1/100 cent/lb, equivalent to $3.75 per contract
Trading Hours (all times are New York time)
The contracts are available
for trading on the CME Globex® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, Eastern Time, with a 45-minute
break each day between 5:15 PM and 6:00 PM. Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort®
clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15
PM, Monday through Friday, and the day preceding a holiday.
Contract
Months
Regular Options: March, May, July, September and December Serial Options: January,
February, April,
June, October and November
Exercise
American
style
Daily Price Movement
None
First Trading Day Regular Options
Business day following the day on which
the underlying futures trade is listed.
First Trading Day
Serial Options
First business day of the third calendar month preceding the serial option month.
Last Notice Day
Second Friday of the calendar 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.
Trading
Symbol
KO
