Orange Juice Options
Trading Unit - 15,000 lbs. of orange solids (3% more or less).
Trading Hours - 10:00 a.m.
- 1:30 p.m. (NY time).
Price
Quotation - Prices quoted in cents and hundreths 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 newest 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
Strike Price Increments - 5 cent increments for
all contract months
Minimum
Price Fluctuation - 1/100 of a cent
Position Limits - | Delivery Month | 300 contracts |
| Any other month | 1,600 contracts |
| All months combined | 2,500
contracts |
Futures
and options have a combined limit in futures equivalents.
