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Options Contract Specifications The yen contract specifications tell you how the yen options trade, not how to trade yen options.
Before you consider opening a commodity options account, you should consult with a licensed commodities broker.
| Trade Unit | One Japanese yen futures contract | | Point Descriptions | 1 point
= $.000001 per Japanese yen = $12.50 per contract | | Contract Listing | Four months
in the March cycle and two months not in the March cycle (serial months), plus four weekly expirations. | | Strike Price Interval | N/A | | Product Code | Clearing
Calls/Puts=J1
Ticker Calls=CJ
Ticker Puts=PJ
Globex=6J
Weekly Expiration Options:
Floor
Calls=1JC/5JC
Puts=1JP/5JP
AON=LJ
Globex
6J1-6J5
| | Trading Venue: Floor | | Hours | 7:20
a.m.-2:00 p.m. LTD | | Listed | All listed series | | Strike | All
listed intervals | | Limits | No limits | | Minimum Fluctuation | Regular | 0.000001=$12.50 | | Cab | 0.0000005=$6.25 | | Special
"Half Tick" | 0.0000005=$6.25 for premium<0.000005,
spreads w/net premium<0.000005, non-generic combo trades<0.000010. | | Trading Venue: CME® Globex® | | Hours | Mon/Thurs
5:00 p.m.-7:15 a.m. & 2:00 p.m.-4:00 p.m. Sun & Hol 3:00 p.m.-7:15 a.m SxS effective 12/18/06 Mon/Thurs
5:00 p.m.-4:00 p.m. Sun & Hol 5:00 p.m.-4:00 p.m. | | Listed | All listed series | | Strike | 8 strikes up & down, and including, the strike nearest the money. | | Limits | No limits | | Minimum Fluctuation | Regular | 0.000001=$12.50 | | Cab | 0.0000005=$6.25 | | Special
"Half Tick" | 0.0000005=$6.25 for premium<0.000005,
spreads w/net premium<0.000005, non-generic combo trades<0.000010. |
Click here to contact a commodities broker with experience in the yen market.
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