Ticker Symbols: Calls: CE Puts: PE
Underlying Contract: One ED futures contract
Strike Prices: $.25 intervals, e.g., 92.25, 92.50, 92.' / 5
Premium Quotations: Total IMM Index points, e.g., 0.34 quoted as "34 Index points" or "34 basis points"
Min Price Fluct: US $25.00 = 1 IMM Index point
: = 0.01 or I basis point, e.g., from 0.34 to 0.35 (cabinet = $12.50)
Daily Price Limit: None
Contract Months: Mar, Jun, Sep, Dec and 2 serial month
Trading Hours',: 7:20 am-2:00 pm (Chicago Time).
Last day March-quarterly expirations: 7:20 am-9:30 am
Last Day of Trading: March quarterly cycle: Second London business day immediately preceding the 3rd Wednesday of the contract month-, Serial options Jan, Feb, Apr, May, Jul, Aug, Oct, & Nov): Friday immediately preceding 3rd Wednesday of contract month.
Min Perform Bond: No performance bond required for put or call option buyers, but the premium must be paid in full; option sellers must meet additional performance bond requirements as determined by the Standard Portfolio Analysis of Risk (SPAN) performance bond system.
Exercise Procedure: An option may be exercised by the buyer up to and including last day of trading exercise, the clearing member representing the buyer submits an Exercise Notice to the Clearing House by 7:00 p.m. on the day of exercise. Any long iii-the-money option position not liquidated or exercised prior to termination of trading will be automatically exercised.