Customer Service
info@cmegroup.com
800-331-3332 or 312-930-2316
View Current Daily Price Limits
Options on Oat futures provide a way to:
- Effectively manage price risk associated with the purchase and sale of oats by merchandisers, producers, food processors and other commercial users
- Utilize some strategies to allow hedgers to reduce price level risk while retaining the opportunity to improve their purchase or selling price
- Trade based on price movement, spreads or market volatility expectations
- Trade in liquid markets
Things to Know:
- Contract is a 5,000 bushel contract with a Oat futures contract as the underlying product
- Contracts are available for trading over 15 hours per day providing customers with market access regardless of their time zone
- Oat options are traded electronically on CME Globex during the Asian and European daytime market hours as well as during the primary U.S. grain trading hours on the trading floor
View free real-time quotes on a variety of electronically traded CME Group products
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
| Trade Unit | One CBOT Oat futures contract (of a specified contract month) of | ||
| Settle Method | Delivery | ||
| Point Size | 1 tick = 1/8 cent per bushel = $6.25 per contract | ||
| Strike Price Interval | |||
| Strike | All listed intervals | ||
| Limits/Price Banding | Price limits scalable to next level above or below when price settles at limit. ($0.20/$0.30/$0.45) per bushel ($1,000/$1,500/$2,500 contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day). | ||
| Tick Size (Minimum Fluctuation) |
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| Trading Hours | Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri. | ||
| Listed | |||
| Product Codes | Clearing: O Open Auction: OO for calls/OV for puts Electronic: OZO | ||
| Minimum Block Size | |||
| Product Calendar | Jul, Sep, Dec, Mar, May; a monthly (serial) option contract is listed when the front month is not a standard option contract. This monthly option contract exercises into the nearby futures contract. For example, an August option exercises into a September futures position.
View current product listings |
| Trade Unit | One CBOT Oat futures contract (of a specified contract month) of | ||
| Settle Method | Delivery | ||
| Point (Tick) Size | 1 tick = 1/8 cent per bushel = $6.25 per contract | ||
| Strike Price Interval | |||
| Strike | All listed intervals | ||
| Limits/Price Banding | Price limits scalable to next level above or below when price settles at limit. ($0.20/$0.30/$0.45) per bushel ($1,000/$1,500/$2,500 contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day). | ||
| Minimum Fluctuation |
|
||
| Trading Hours | Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri. | ||
| Listed | All listed series | ||
| Product Codes | Clearing: O Open Auction: OO for calls/OV for puts Electronic: OZO | ||
| Minimum Block Size | |||
| Product Calendar | Jul, Sep, Dec, Mar, May; a monthly (serial) option contract is listed when the front month is not a standard option contract. This monthly option contract exercises into the nearby futures contract. For example, an August option exercises into a September futures position.
View current product listings |
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| OCT08 | OV08 | 07/28/2008 |  |
09/26/2008 | 09/26/2008 |
| NOV08 | OX08 | 08/25/2008 | |
10/24/2008 | 10/24/2008 |
| DEC08 | OZ08 | 09/17/2007 | |
11/21/2008 | 11/21/2008 |
| MAR09 | OH09 | 01/09/2008 | |
02/20/2009 | 02/20/2009 |
| MAY09 | OK09 | 01/30/2008 | |
04/24/2009 | 04/24/2009 |
| JUL09 | ON09 | 02/25/2008 | |
06/26/2009 | 06/26/2009 |
| SEP09 | OU09 | 04/28/2008 | |
08/21/2009 | 08/21/2009 |
| DEC09 | OZ09 | 06/23/2008 | |
11/20/2009 | 11/20/2009 |
Education Series: Using Options to Hedge Commodity Price Risk
Webinars begin Thursday, August 7, 2008. In-person days are August 14 and 15, 2008.
An Introduction to Grain Calendar and Basis Swaps
Learn how cleared OTC agricultural swaps can be of use in today’s volatile commodity markets
Price Limit Update
Get details on price limit increases for CME Group Grain and Oilseed products.
Market Regulation Advisory
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership
|
Things to Know:
|
- Clearing & Trading Fees
- Performance Bonds/Margins
- Trading Hours
- Product & Vendor Codes
- Future Spreads on CME Globex
- Options Strategies on CME Globex
- Moore Reports
- CME Rulebook
- CBOT Rulebook
- Find-a-Broker
- Glossary
- Knowledge Center Home
- View Intra Day Block Trades
- Wheat Price Rules (PDF)
- BM&F Bovespa Parnership