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ICE Futures U.S.

Lean Hog Options

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Description

Lean hog futures options

Market Specifications

Trading Screen Product Name
Lean Hog Futures
Trading Screen Hub Name
NYCC
Contract Symbol
SOW
Contract Size
1 option contract = 1 futures contract for 40,000 lbs
Price Quotation
U.S. cents per pound
Contract Series
Regular Options: Lists concurrently with underlying contract.

Serial Options: One (1) nearest contract month listed.
Minimum Price Fluctuation
Minimum price fluctuations shall be in multiples of $.00025/lb.
Underlying Contract
Regular Options: The futures contract for the month in which the option expires.

Serial Options: The next futures contract nearest to the expiration of the option.
Exercise Method
American
Strike Price Intervals
2 cent increments for 10 cents above/below ATM

5 cent increments for 15 cents above/below ATM

50 cent increments for 1 dollar above/below ATM
First Trading Day (Regular Options)
Same day the underlying contract lists.
First Trading Day (Serial Options)
Business day on which the current spot serial option expires.
Expiration Date
Regular Options: Trading terminates at 13:00 pm ET on the 10th business day of the contract month

Serial Options: Trading terminates at 14:05 pm ET on the 10th business day of the contract month.
Block Trade Eligible
Yes
EFP and EFS Enabled
Yes
MIC Code
IFUS
Clearing Venues
ICUS

Trading Hours

CityTradingPre-Open
NEW YORK
9:30 AM - 2:05 PM
09:30 - 14:05
LONDON
2:30 PM - 7:05 PM
14:30 - 19:05
SINGAPORE
10:30 PM - 3:05 AM*
22:30 - 03:05

M-F - 09:30 - 14:05 ET

Codes

Clearing Admin Name
Physical
SOW
Logical
SOW
GMI (FC)
ION A.C.N.
Symbol Code
SOW