ICE Group’s Cotton No.2 Futures Contract Specifications
DESCRIPTION |
Contract calls for physical delivery of cotton of certain minimum standards of basis grade and staple length. |
CONTRACT SYMBOL |
CT |
CONTRACT SIZE |
50,000 pounds net weight |
QUOTATION |
Cents and hundredths of a cent per pound |
CONTRACT SERIES |
March, May, July, October, December |
MINIMUM PRICE FLUCTUATION |
1/100 of a cent (one "point") per pound equivalent to $5.00 per contract. |
SETTLEMENT |
Physical Delivery |
DAILY PRICE LIMIT |
Futures contracts are subject to a daily price limit that can range from 3 to 7 cents per pound. Please consult Rule 10.09 for details (Click here for Cotton Rules.pdf) |
DELIVERABLE ORIGINS |
US Origin only. |
DELIVERY LOCATIONS |
Galveston, TX, Houston, TX, Dallas/Ft. Worth, TX, Memphis, TN and Greenville/Spartanburg, SC. |
GRADE/STANDARDS/QUALITY |
Quality : Strict Low Middling Staple Length: 1 2/32nd inc |
FIRST NOTICE DAY |
Five business days before the first delivery day of the spot contract month, which is the first business day of that month. |
LAST TRADING DAY |
Seventeen business days from end of spot month |
LAST NOTICE DAY |
Twelve business days from end of spot month. |
POSITION LIMIT |
"Position Limit and Position Accountability information for all IFUS products can be found ►here. |
MARKERS |
►TAS (Trade at Settlement) |
ICE Group’s Cotton No.2 Options Contract Specifications
DESCRIPTION |
Contract calls for physical delivery of cotton of certain minimum standards of basis grade and staple length.Weekly options on cotton futures are available. For more information on weekly options on cotton futures, view weekly options contract specifications ►here. View Weekly Options FAQ ►here. |
CONTRACT SYMBOL |
CT |
CONTRACT SIZE |
50,000 pounds net weight |
PRICE QUOTATION |
Cents and hundredths of a cent per pound |
CONTRACT SERIES |
Regular Options: March, May, July, October and December; Serial Options: January, September and November. The underlying future for the September and November serial options is the December futures contract; the underlying future for the January serial option is the March futures contract. |
MINIMUM PRICE FLUCTUATION |
1/100 of a cent (one 'point') per pound |
DAILY PRICE LIMIT |
None. Cotton Options trading may be halted under certain market conditions. See Rule 10.53 for details. |
STRIKE PRICE INTERVALS |
1-cent increments for all contract months. |
FIRST TRADING DAY |
Business day following the listing of the underlying future. |
LAST TRADING DAY |
For Regular Options: Last Friday preceding the first notice day for the underlying futures by at least 5 business days.For Serial Options: Third Friday of the month in which the option expires. |
POSITION LIMIT |
"Position Limit and Position Accountability information for all IFUS products can be found ►here. |
To find out more about ICE Group’s Cotton No.2 Futures & Options, contact us via:
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