Soybean

Options on Mini Soybean Futures CME Group

• The product

  Contract not authorized for trading by investors resident in the U.S. through Globex-BVMF order routing system or DMA models 3 and 4.

• Specifications

  Underlying	The Cash-Settled Soybean Futures Contract at the Price of CME Group Mini-Sized Soybean Futures Contract.
  Ticker	SJC
  Option style	American-style option and it may be exercised by its holder as of the first trading session following the day the position has been initiated, up to and including the expiration date.
  Contract size	Each option contract is based on one CME Group’s Mini Soybean Futures Contract underlying.
  Quotation	Option premium in United States Dollars per 60-kilogram bag to two decimal places.
  Tick size	USD0.01 (one US Dollar cent).
  Round-lot	1 contract.
  Last trading day	The trading session preceding the expiration date.
  Expiration date	Last Friday which precedes by at least two business days the last business day of the calendar month preceding such option’s named expiry month. If such Friday is not a trading session both at B3 and in the CME Group, the expiration date will be the next trading session.
  Contract months	(a) Regular options: January, March, May, July, August, September and November whose underlying futures will respectively be the contract that expires in January, March, May, July, August, September and November, respectively, of CME Group’s Mini Soybean Futures Contract. (b) Serial options: • February, whose underlying futures will respectively be the contract that expires in March of CME Group’s Mini Soybean Futures Contract; • April, whose underlying futures will respectively be the contract that expires in May of CME Group’s Mini Soybean Futures Contract; • June, whose underlying futures will respectively be the contract that expires in July of CME Group’s Mini Soybean Futures Contract; • October, whose underlying futures will respectively be the contract that expires in November of CME Group’s Mini Soybean Futures Contract; and • December, whose underlying futures will respectively be the contract that expires in January of CME Group’s Mini Soybean Futures Contract.
  Option exercise	On the expiration date, the option exercise is performed automatically by B3, subject to the following conditions: Call option (call): a) If the result of the difference between the settlement price of the contract object and the exercise price for the principal owner, is positive; and b) the principal holder does not register on the trading system its intention not to exercise its call on the expiration date. Put option (put): a) If the result of the difference between the exercise price and the settlement price of the contract subject to the principal owner, is positive; and b) the principal holder does not register on the trading system its intention not to exercise its put on the expiration date.