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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

Cotton No. 2 Weekly

Trading Screen Hub Name

NYCC

Contract Size

One Cotton No. 2 futures contract

Tick Size

.01 cent per lb., equivalent to $5.00 per contract

Strike Price Intervals

1-cent per lb./100 point increments

Exercise Procedure

American style. Exercise of a Weekly Option will result in creation of a position in the underlying Cotton No. 2 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 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

CTW
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 monthly option on the future contract has not yet expired, with the proviso that the October futures contract is not eligible to be the underlying future on a Weekly Cotton No. 2 Option contract.

MIC Code

IFUS

Clearing Venues

ICUS

Related Products

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

Trading Hours

Codes