Live Cattle Options Specifications

LIVE CATTLE

Options Contract Specifications

The live cattle contract specifications tell you how the live cattle options trade, not how to trade live cattle options. Before you consider opening a commodity options account, you should consult with a licensed commodities broker.

LIVE CATTLE OPTIONS

Trade Unit

One Live Cattle Futures Contract

Point Descriptions

1 point = .01 cents per hundred pound = $4.00

Contract Listing

Feb, Apr, Jun, Aug, Oct, Dec, plus Serial Months, and Flex Options

Six months in Feb bi-monthly cycle. One serial month.

Strike Price

Interval N/A

Product Code

Clearing

Calls/Puts=48

Ticker

Calls=CK

Puts=PK

Globex=LE

Trading Venue

Floor

Hours

9:05 a.m.-1:02 p.m. LTD(1:00 p.m.)

Listed

All listed series

Strike

All listed intervals

Limits

N/A

Minimum Fluctuation

Regular 0.00025/lb=$10.00 Cab 0.000125/lb=$5.00

Trading Venue

CME® Globex®

Hours

Mon-Thurs 5:00 p.m.-4:00 p.m. Shutdown period from 4:00 p.m.-5:00 p.m. Sun & Hol 5:00 p.m.-4:00 p.m.

Listed

N/A

Strike

N/A

Limits

N/A

Minimum Fluctuation

Regular 0.00025/lb=$10.00

Cab 0.000125/lb=$5.00

Click here to contact a commodities broker with experience in the live cattle market.

Commodity trading is not suitable for everyone. The risk of loss in trading can be substantial. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Carefully consider the inherent risks of such an investment in light of your financial condition. Past results are not necessarily indicative of future results. Please do your own research before investing in the futures market. This site contains no investment recommendations. The information and opinions contained herein comes from sources believed to be reliable, but are not guaranteed as to accuracy or completeness.

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