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Description

Weekly Options are short-life, American-style options that generally match the terms of the regular monthly options on IFUSfutures contracts. Additional information on Weekly Options can be found at: IFUS Weekly Options FAQ.

Market Specifications

Trading Screen Product Name

Sugar No. 11 Weekly

Trading Screen Hub Name

NYCC

Contract Size

One Sugar No. 11 futures contract

Tick Size

.01 cent per lb., equivalent to $11.20 per contract

Strike Price Intervals

.25-cents per lb./25 point increments

Exercise Procedure

American style. Exercise of a Weekly Option will result in creation of a position in the underlying Sugar No. 11 future contract.

Expiration Date

Weekly Options expire on the Last Trading Day of the contract.

Last Trading Day

A specified Friday that is not also the last trade date of a Regular or Serial monthly option contract. If such a Friday is the last trade date of a monthly option, then the Weekly Option that would expire on that Friday will not be listed for trading.

First Trading Day

Three Weekly Options will be listed at all times. A new Weekly Option will be listed on the business day following the last trade date of any Weekly Option.

Contract Symbol

SBW
The Contract Symbol shown above will be used for weekly options listed on and after September 8, 2014. For information on the symbols used prior to that date please go to IFUS_Weekly_Options_FAQ.

Underlying Contract

The first listed future contract for which the Regular monthly option on the future contract has not yet expired.

MIC Code

IFUS

Clearing Venues

ICUS

Related Products

• Sugar No. 11 Futures
• Sugar No. 11 Options
• Sugar No. 16 Futures

Trading Hours

Codes