Trading Unit: One CBOT Soybean Oil futures contract (of a specified contract month) of 60,000 lbs.

Tick Size: Five thousandths ($0.00005) of a cent/lb ($3/contract)

Strike Price: At the initial listing for all strike prices less than 25 cents, there will be 11 strikes above and 11 below the "at-the-money" strikes at one-half-cent intervals plus the next 4 consecutive strikes above at one-cent intervals. If the underlying is equal to or greater than 25 cents, there will be 6 strikes above and below at one cent intervals, Plus the next 4 consecutive strikes above ,at two- cent intervals.

Daily Price Limit: 1 cent/lb ($600/contract) above or below the previous days settlement premium (expandable to $0.015/lb). Limits are lifted on the last trading day.

Contract Months: Oct, Dec, Jan, Mar, May, Jul, Aug, Sep

Contract Year: Oct to Sep

Last Trading Day: The last Friday preceding the first notice day of the corresponding soybean oil futures contract by at least five business days

Exercise: 'The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Board of Trade Clearing Corporation by 6:00 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised.

Expiration: Unexercised options expire at I 0:00 a.m. Chicago time on the first Saturday following the last day of trading.

Trading Hours: 9:30 a.m. - 1: 1 5 p.m. Chicago time, Mon- Fri. Trading in expiring contracts closes at noon on the last trading day.

Ticker Symbols: OY for calls / OZ for puts