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Description

Contract calls for physical delivery of cotton of certain minimum standards of basis grade and staple length.

Weekly options on cotton futures are available. For more information on weekly options on cotton futures, view weekly options contract specifications here. View Weekly Options FAQ here.

Market Specifications

Trading Screen Product Name

Cotton No. 2 Futures

Trading Screen Hub Name

NYCC

Contract Symbol

CT

Contract Size

50,000 pounds net weight

Price Quotation

Cents and hundredths of a cent per pound

Contract Series

Regular Options: March, May, July, October and December; Serial Options: January, September and November. The underlying future for the September and November serial options is the December futures contract; the underlying future for the January serial option is the March futures contract.

Minimum Price Fluctuation

1/100 of a cent (one 'point') per pound

Daily Price Limit

None. Cotton Options trading may be halted under certain market conditions. See Rule 10.53 for details.

Strike Price Intervals

1-cent increments for all contract months.

First Trading Day

Business day following the listing of the underlying future.

Last Trading Day

For Regular Options: Last Friday preceding the first notice day for the underlying futures by at least 5 business days

For Serial Options: Third Friday of the month in which the option expires.

Position Limit

"Position Limit and Position Accountability information for all IFUS products can be found here.

MIC Code

IFUS

Clearing Venues

ICUS

Related Products

• Cotton No. 2 Futures
• Cotton No. 2 1-Month Calendar Spread Option
• Weekly Cotton No. 2 Options

Trading Hours

Codes