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Description

Calendar Spread options on Robusta Coffee Futures contracts in 1-month and 2-month spread increments.

Market Specifications

Trading Screen Product Name

Robusta Coffee 2-Month CSO

Trading Screen Hub Name

ICEU

Contract Symbol

RC2 (two-month series)

Determining the two futures contracts in a CSO pair requires knowing both the underlying futures contract and the length of the spread. For Robusta Coffee CSOs, the first two characters of the contract code are RC and the last character indicates the length of the spread.

For example, Contract Symbol “RC1”, the “1” indicates that the second month in the spread pair is ONE month forward from the front month of the pair. If the month symbol is K18 (May 2018), the Contract Symbol “RC1” implies that the second month in the pair is N18 (July 2018) – one contract month forward from the K18.

Likewise, Contract Symbol “RC2”, would imply that the second month in the pair is U18 (September 2018) – two contract months forward from the K18.

Contract Size

A spread position between the two Robusta Coffee Futures contracts

Price Quotation

$ per tonne

Contract Series

January, March, May, July, September, November.

2-month series: Each of the first eight listed futures months paired with the second month forward from that month.

Minimum Price Fluctuation

$1 per tonne ($10)

Daily Price Limit

None

Exercise Procedure

American Style

Strike Price Intervals

5-tick intervals ($5 per tonne)

Last Trading Day

Each CSO contract expires at 12:30 PM on the last trading day of the regular option on the earlier of the two contract months in the spread pair; for example, all CSO contracts for which the March 2018 future is the front month of the pair will expire on the last trading day of the March 2018 regular option.

Call Option

Buyer of a CSO Call Option has the right to establish a spread position of long the first month in the spread pair and short the second month in the pair, at a price difference equal to the Strike Price of the CSO contract.

Put Option

Buyer of a CSO Put Option has the right to establish a spread position of short the first month in the spread pair and long the second month in the pair, at a price difference equal to the Strike Price of the CSO contract.

Strike Price

The Strike Price of an CSO contract can be positive (indicating the price of the front month is above the price of the back month in the pair), negative (indicating the price of the front month is below the price of the back month in the pair) or zero (indicating the prices of the two months in the pair are the same).

MIC Code

IFLX

Clearing Venues

ICEU

Related Products

• Robusta Coffee Futures
• Robusta Coffee Options

Trading Hours

Codes