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Cattle | Feeder Cattle | Lean Hogs | Pork Bellies

Pork Belly Contracts Overview | Quote-board

FUTURES
OPTIONS
Ticker Symbol Clearing=56; Ticker=PB; GLOBEX=GPB
Sample Quote In terms of U.S. cents per pound
Contract Size 40,000 pounds of frozen pork bellies, cut and trimmed.
Minimum Price Fluctuation
(Tick)
Floor: Regular - 0.00025=$10.00
GLOBEX®: Regular - 0.00025=$10.00
Price Limit Floor:$.020 or $.030 or $.045 per pound, Expandable price limits, see Rule 15102.D.
GLOBEX®:$.020 or $.030 or $.045 per pound, Expandable price limits, see Rule 15102.D.
Contract Month Listings Five months of February, March, May, July and August.
Trading Hours Floor: 9:10 a.m.-1:00 p.m. LTD(12:00 p.m.)^
GLOBEX®: 9:10 a.m.-1:00 p.m. LTD
(12:00 p.m.)^
Last Trading Day Business day preceding the last three business days of the contract month.
Final Settlement Rule Final determination of the settlemnt price is determined by the Trading Floor Pit Committee. Contract is physically deliverable.
Position Limits/
Accountability
1,000 contracts long or short in all contract months of a given calendar year combined; 800 contracts long or short in any contract month; as of the close of business on the sixth business day following the first Friday of the contract month, position limits are based on the deliverable supply immediately preceding the first Friday of the expiring contract month. During the last five days of trading, position limits are based on the deliverable supply immediately following the first Friday of the expiring contract month.
Trading Venue Floor, GLOBEX®
Ticker Symbol Clearing ; Calls/Puts=56; Ticker Calls=KP; Ticker Puts=JP
Contract Size One Frozen Pork Belly Futures Contract
Minimum Price Fluctuation
(Tick)
Floor: Regular - 0.00025=$10.00; Cab - 0.000125=$5.00
Price Limit Floor:n/a
Contract Month Listings Five months of Feb, Mar, May, Jul, Aug and Flex® Options^^^^
Trading Hours Floor: 9:10 a.m.-1:02 p.m. LTD(1:00 p.m.)^
Last Trading Day The first Friday of the delivery month of the underlying futures contract. If such Fridays are not business days, then trading terminates on the immediately preceding business day.
Position Limits/
Accountability
No person shall own or control a combination of options and underlying futures that exceeds: 1. 1000 futures equivalent contracts net on the same side of the market in all contract months combined; 2. 800 futures equivalent contracts net on the same side of the market in any contract month. For the purpose of this rule, the futures equivalent of an option contract is 1 times the previous business day's IOM risk factor for the option series. Also for the purposes of this rule, a long call option, a short put option, and a long underlying futures contract are on the same side of the market; similarly, a short call option, a long put option, and a short underlying futures contract are on the same side of the market.
Trading Venue Floor

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