4¢=$12.50
50¢=$2,500No limit spot+2 days prior
Soybeans, Mini
CBOT
9:30 am–1:45 pm9:30 am–1:15 pm LTD
F,H,K,N,Q,U,X 1,000 bu
¢/bu
1pt=$10.00
1
/8¢=$1.25
50¢=$500No limit spot+2 days prior
S&P 500 Index •
CME
8:30 am–3:15 pmGLOBEX: Mon–Thurs:3:30 pm–8:15 am, Sun& holidays: 5:30 pm–8:15 am
H,M,U,Z
250 × S&P500 Index
100ths/pt
1pt=$2.50
10pts=$25.00
▲
E-Mini S&P 500 ✖
CME
Mon–Thurs: 3:30 pm–3:15 pm, Sun &holidays: 5:30 pm–3:15 pm, 3:30 pm–8:30 am LTD
H,M,U,Z
$50 × S&P500 Index
100ths/pt
1pt=$.50
25pt=$12.50
▲
S&P MidCap400 Index
CME
8:30 am–3:15 pmGLOBEX: Mon–Thurs:3:30 pm–8:15 am,Sun & holidays:5:30 pm–8:15 am
H,M,U,Z
500 × S&PMidCap 400Index
100ths/pt
1pt=$5.00
5pts=$25.00
▲
E-Mini S&PMidCap 400 ✖
CME
Mon–Thurs: 3:30 pm–3:15 am, Sun &holidays: 5:30 pm–3:15 pm
All Months
$100 × S&PMidCap 400Index
pts
.01=$1.00
10pt=$10.00
▲
Sugar #11
NYBOT
8:00 am–11:00 am
F,H,K,N,V
112,000 lbs
¢/lb
1pt=$11.20
1pt=$11.20
None
Swiss Franc
CME
7:20 am–2:00 pm7:20 am–9:16 am LTDGLOBEX: Mon–Thurs:5:00 pm–4:00 pm, Sun& holidays: 5:30 pm–4:00 pm
H,M,U,Z
125,000 SF
¢/SF
1pt=$12.50
1pt=$12.50
None
Treasury Bonds
CBOT
7:20 am–2:00 pmH,M,U,Z7:20 pm–12:00 pm LTDe-cbot: Sun–Fri:7:00 pm–4:00 pm7:00 pm–4:00 pmH,M,U,Z12:00pm LTD
$100,000
32nds/pt
1
/32=$31.25
1
/32=$31.25
None
$100,000
32nds/pt
1
/2 of 1/32
$15.625
None
7:20 am–2:00 pmH,M,U,Z7:20 pm–12:00 pm LTDe-cbot: Sun–Fri:7:00 pm–4:00 pm7:00 pm–4:00 pmH,M,U,Z12:00pm LTD
$100,000
32nds/pt
1
/32=$31.25
1/2 of 1/32=$15.625
None
$100,000
32nds/pt
1
/2 of 1/32
$15.625
None
7:20 am–2:00 pmH,M,U,Z7:20 pm–12:00 pm LTDe-cbot: Sun–Fri:7:01 pm–4:00 pm7:00 pm–4:00 pmH,M,U,Z12:00 pm LTD
$100,000
32nds/pt
1/2 of 1/32=$15.63
1/2 of 1/32=$15.63
None
$100,000
32nds/pt
1
/2 of 1/32
$15.625
None
7:20 am–2:00 pmH,M,U,Z7:20 pm–12:00 pm LTDe-cbot: Sun–Fri:7:01 pm–4:00 pm7:00 pm–4:00 pmH,M,U,Z12:00 pm LTD
$200,000
32nds/pt
1/4 of 1/32=$15.63
1/4 of 1/32=$15.63
None
$200,000
32nds/pt
1
$15.625
None
EUSTreasury Notes,10-Year
CBOT
EUSTreasury Notes,5-Year
CBOT
EUSTreasury Notes,2-Year
CBOT
EUS
/4 of 1/32
(continues)
259
260U.S. Futures (Continued)
Contract
Exchange
U.S. Dollar Index
NYBOT
NYBOT
DeliverySize
ContractQuoted in
Price PointValue
MinimumPriceFluctuation
Price Limit
6:00 pm–9:00 pmH,M,U,ZDublin: Sun–Fri:2:00 am–7:05 am7:05 am–2:00 pm—Expiring contractsclose at 9:00 am on LTD
1,000 × U.S.Dollar Index
100ths/pt
1pt=$10.00
1pt=$10.00
200 pts ▼
100 × ValueLine Index
100ths/pt
1pt=$1.00
5pts=$5.00
▲
Trading Hours(Central Time)
Months
H,M,U,Z
♦
Value Line
KCBT
8:30 am–3:15 pm
Wheat
CBOT
9:30 am–1:15 pmH,K,N,U,Z9:30 pm–12:00 pm LTDe-cbot: Sun–Fri:7:32 pm–6:00 am
5,000 bu
¢/bu
1¢=$50.00
1
/4¢=$12.50
30¢=$1,500No limit spot+2 days prior
Wheat
KCBT
9:30 am–1:15 pm
H,K,N,U,Z
5,000 bu
¢/bu
1¢=$50.00
1
/4¢=$12.50
30¢=$1,500
Wheat
MPLS
9:30 am–1:15 pm
H,K,N,U,Z
5,000 bu
¢/bu
1¢=$50.00
1
/4¢=$12.50
30¢=$1,500
Wheat, Mini
CBOT
9:30 am–1:45 pm9:30 am–12:15 pm LTD
H,K,N,U,Z
1,000 bu
¢/bu
1¢=$10.00
1
30¢=$300No limit spot+2 days prior
/8¢=$1.25
Source of data: Futures and options exchanges. This information is believed to be reliable. Lind-Waldock cannot be held responsible for either its accuracyor its completeness.
261
Appendix B: Futures Contract Speciﬁcations
Options on U.S. FuturesContract
Exchange
Trading Hours(Central Time)
Contract Size
Minimum Price Fluctuation
Price Limit
AustralianDollar ◗
CME
7:20 am–2:00 pm
100,000 AD
1pt=$10
None
British Pound ◗
CME
7:20 am–2:00 pm 62,500GLOBEX: Mon–Fri:2:30 pm–7:05 am,Sun & holidays:5:30 pm–7:05 am
.01¢/£ ($6.25)
None
CRB Index
NYFE
9:00 am–1:30 pm
5pt=$25.00OK at 1pt if <5pts
None
CanadianDollar ◗
CME
7:20 am–2:00 pm 100,000 CDGLOBEX: Mon–Fri:2:30 pm–7:05 am,Sun & holidays:5:30 pm–7:05 am
1pt=$10
None
Cattle, Feeder
CME
9:05 am–1:02 pm
50,000 lbs
21/2¢ per cwt. ($12.50)
None
Cattle, Live
CME
9:05 am–1:02 pm
40,000 lbs
21/2¢ per cwt. ($10.00)
None
Cocoa
NYBOT
7:00 am–10:50 am 10 metric tons
1pt=$10
None
Coffee “C”
NYBOT
8:15 am–11:30 pm 37,500 lbs
$.0001 per lb ($3.75)
None
Copper, HighGrade
COMEX
7:10 am–12:00 pm 25,000 lbs
5pts=$12.50
None
Corn
CBOT
9:30 am–1:15 pme-cbot: Sun–Fri:7:32 pm–6:00 am
5,000 bu
1
/8¢ per bu ($6.25)
20¢ per bu
Cotton
NYBOT
9:30 am–1:15 pm
50,000 lbs
1¢ per cwt. ($5.00)
300pt=$1,500None; spotmonth afterﬁrst noticeday
Crude Oil
NYMEX
9:00 am–1:30 pm
1,000 barrels
1pt=$10
None
$10 × DJIA Index
1
/2pt=$5.00
✱
500 × CRB Index
Dow Jones
CBOT
7:20 am–3:15 pme-cbot: Sun–Fri:7:17 pm–7:00 am
E-Mini S&P500 ✖
CME
Mon–Thur:$50 ≠ S&P 5003:30 pm–3:15 pm; IndexSun: 5:30 pm–3:15 pm
25pts=$12.50
✱
EuroFX ◗
CME
7:20 am–2:00 pmGLOBEX: Mon–Fri:5:00 pm–4:00 pm,Sun & holidays:5:30 pm–4:00 pm
$.0001/Euro=$12.50/contract
None
Euro 125,000
(continues)
262
THE COMPLETE GUIDE TO FUTURES TRADING
Options on U.S. Futures (Continued)Contract
Exchange
Eurodollar
CME
Euroyen
CME
Gasoline,Unleaded
NYMEX
Trading Hours(Central Time)
Contract Size
Minimum Price Fluctuation
Price Limit
$1,000,000
1
/2pt=$12.50
None
7:20 am–2:00 pm
100 million yen
.01=1.250 yen
None
9:05 am–1:30 pm
42,000 gallons
1pt=$4.20
None
7:20 am–2:00 pmGLOBEX: Mon–Fri: 2:10 pm–7:05 am, Sun& holidays:5:30 pm–7:05 am
Gold
COMEX
7:20 am–12:30 pm 100 oz
10¢/oz=$10.00
None
GSCI
CME
8:15 am–2:15 pm
$250 × GSCI
.05=$12.50
None
Heating Oil
NYMEX
9:05 am–1:30 pm
42,000 gallons
1pt=$4.20
None
Hogs, Lean
CME
9:10 am–1:02 pm
40,000 lbs
21/2¢ per cwt. ($10.00)
None
Japanese Yen ◗
CME
7:20 am–2:00 pmGLOBEX: Mon–Thur: 2:30 pm–7:05 am, Sun &holidays: 5:30pm–7:05 am
12,500,000
1pt=$12.50
None
Lumber
CME
9:00 am–1:07 pm
110,000 bd. ft.
10pts=$11.00
None
Mexican Peso ◗
CME
7:20 am–2 pmGLOBEX: Mon–Thur: 2:30 pm–7:05 am, Sun &holidays: 5:30pm–7:05 am
500,000 NMP
2 /2pts=$12.50
None
Nasdaq-100
CME
8:30 am–3:15 pmGLOBEX: Mon–Thur. 3:30 pm–8:15 am, Sun &holidays: 5:30pm–8:15 am
$100 × Nasdaq100 Index
5pts=$5.00
None
Natural Gas
NYMEX
9:00 am–1:30 pm
10,000 MMBtu
1pt=$10.00
None
Nikkei 225Stock Index
CME
8:00 am–3:15 pm
$5.00 × Index
5pts=$25.00
None
NYSE Composite NYFEIndex
8:30 am–3:15 pm
500 × NYSE Index
5pts=$25.00
None
Oats
9:30 am–1:15 pme-cbot: Sun–Fri:7:35 pm–6:00 am
5,000 bu
1
20¢ per buNo limit LTD
CBOT
1
/8¢ per bu ($6.25)
263
Appendix B: Futures Contract SpeciﬁcationsOptions on U.S. Futures (Continued)Contract
Exchange
Trading Hours(Central Time)
Contract Size
Minimum Price Fluctuation
Price Limit
One-MonthLIBOR
CME
7:20 am–2:00 pm
3,000,000
.5=$12.50
None
Orange Juice
NYBOT
9:00 am–12:30 pm 15,000 lbs
5pts=$7.50
None
Platinum
NYMEX
7:20 am–12:05 pm 50 oz
$.10=$5.00
None
1
Pork Bellies
CME
9:10 am–1:02 pm
40,000 lbs
2 /2¢ per cwt. ($10.00)
None
Rough Rice
CBOT
9:15 am–1:30 pme-cbot: Sun–Fri:7:35 pm–6:00 am
2,000 cwt
1
/4¢ per cwt ($5.00)
50¢ per cwtNo limitLTD ♦
Russell 2000
CME
8:30 am–3:15 pm
$500 × Russell2000 Index
.05=$25.00
None
S&P 500 Index
CME
8:30 am–3:15 pm $250 × S&PGLOBEX: Mon–500 IndexFri: 3:30 pm–8:15 am, Sun &holidays: 5:30 pm–8:15 am
10pts=$25.00
✱
S&P MidCap400 Index
CME
8:30 am–3:15 pm $500 × MidCapGLOBEX: Mon–IndexFri: 3:30 pm–8:15am, Sun & holidays:5:30 pm–8:15 am
5pts=$15.00
✱
Silver
COMEX
7:25 am–12:25 pm 5,000 oz
1
/10¢/oz=$5.00
None
Soybeans
CBOT
9:30 am–1:15 pme-cbot: Sun–Fri:7:33 pm–6:00 am
5,000 bu
1
/8¢ per bu ($6.25)
50¢ perbu=$2,500 ♦
Soybean Meal
CBOT
9:30 am–1:15 pme-cbot: Sun–Fri:7:33 pm–6:00 am
100 tons
5¢ per ton ($5.00)
$20.00=$2,000 ♦
Soybean Oil
CBOT
9:30 am–1:15 pme-cbot: Sun–Fri:7:33 pm–6:00 am
60,000 lbs
1
/2 of 1pt ($3.00)
2¢=$1,200 ♦
Sugar #11
NYBOT
8:00 am–11:00 am 112,000 lbs
.01¢/lb=$11.20
None
Swiss Franc ◗
CME
7:20 am–2:00 pm 125,000 SFGLOBEX: Mon–Fri:2:30 pm–7:05 am,Sun & holidays:5:30 pm–7:05 am
.01¢/SF=($12.50)
None
Treasury Bond
CBOT
7:20 am–2:00 pme-cbot: Sun–Fri:7:02 pm–4:00 pm
1
None
$100,000
/64pt=$15.63
(continues)
264
THE COMPLETE GUIDE TO FUTURES TRADING
Options on U.S. Futures (Continued)Contract
Exchange
Trading Hours(Central Time)
Contract Size
Minimum Price Fluctuation
Price Limit
T-Note (10-Year) CBOT
7:20 am–2:00 pme-cbot: Sun–Fri:7:02 pm–4:00 pm
$100,000
1
/64pt=$15.63
None
T-Note (5-Year)
CBOT
7:20 am–2:00 pme-cbot: Sun–Fri:7:02 pm–4:00 pm
$100,000
1
/64pt=$15.63
None
T-Note (2-Year)
CBOT
7:20 am–2:00 pme-cbot: Sun–Fri:7:02 pm–4:00 pm
$200,000
1
/2 of 1/64pt=$15.63
None
US $ Index
NYBOT
7:05 am–2:00 pm6:00 pm–9:00 pmDublin: 2:00 am–7:05 am
1,000 × US $Index
1pt=$10.00
None
Value Line
KCBT
8:30 am–3:15 pm
100 × Value LineIndex
5pts=$5.00
▲
Wheat
CBOT
9:30 am–1:15 pme-cbot: Sun–Fri:7:34 pm–6:00 am
5,000 bu
1
/8¢ per bu ($6.25)
30¢ perbu=$1,500
Wheat
KCBT
9:30 am–1:25 pm
5,000 bu
1
/8¢ per bu ($6.25)
30¢ perbu=$1,500
Wheat
MPLS
9:30 am–1:30 pm
5,000 bu
1
30¢ perbu=$1,500
/8¢ per bu ($6.25)
Source of data: Futures and options exchanges. This information is believed to be reliable. Lind-Waldock cannot beheld responsible for either its accuracy or its completeness.
265
Appendix B: Futures Contract SpeciﬁcationsSecurity FuturesContract
Single Stocks
Single Stocks
ETF Futures
ETF Futures(100 Shares)
Exchange
NQLX
OCX
OCX
NQLX
Trading Hours(Central Time)
8:30 am–3:00 pm
8:30 am–3:00 pm
8:30 am–3:15 pm
8:30 am–3:15 pm
Months
2 serial + HMUZ
2 serial + HMUZ
2 serial + HMUZ
2 serial + HMUZ
Delivery Size
100 shares
100 shares
100 shares
100 shares
ContractQuoted In
$/share
$/share
$/share
$/share
Price PointValue
.01 = $1.00
.01 = $1.00
.01 = $1.00
.01 = $1.00
Minimum PriceFluctuation
$0.01
$0.01
$0.01
$0.01
Price Limit
None ✚
None ✚
None ✚
None ✚
Source of data: Futures and options exchanges. This information is believed to be reliable. LindWaldock cannot be held responsible for either its accuracy or its completeness.
266
Non-U.S. MarketsContract
Exchange
Trading Hours(Central Time)
DeliveryMonths
Contract Size
PriceQuoted In
Minimum PriceFluctuation
PriceLimit
Cocoa #7
LIFFE
3:30 am–10:50 am
H,K,N,U,Z
10 tons
£ per ton
£1 per ton (£10)
Euribor
LIFFE
1:00 am–12:00 Noon
H,M,U,Z
1,000,000 Euro
Basis pts
.5pt=12.50 Euro
NoneNone
Euro Swiss
LIFFE
1:30 am–12:00 Noon
H,M,U,Z
SF 1,000,000
Basis pts
1pt=25 SF
FTSE 100
LIFFE
2:00 am–11:30 am
H,M,U,Z
£10 × Index
100th/pt
0.5pt=£5
None
Gilt
LIFFE
2:00 am–12:00 Noon
H,M,U,Z
£100,000
100th/pt
1pt=£10
None
Robusta Coffee
LIFFE
3:40 am–10:55 am
F,H,K,M,N,U,X
5 tons
$ per ton
$1.00 per ton ($5.00)
None
Short Sterling
LIFFE
1:30 am–12:00 Noon
H,M,U,Z
500,000 Sterling
100th/pt
1pt=12.5 Sterling
None
White Sugar
LIFFE
3:45 am–11:30 am
H,K,Q,V,Z
50 tons
¢ per ton
10¢ per ton ($5.00)
None
Conf Bond(Swiss 10-yr)
Eurex
1:30 am–10:00 am
H,M,U,Z
CHF 100,000
Basis pts
1pt=10 CHF
None
DAX
Eurex
1:50 am–1:00 pm
H,M,U,V,Z
25 Euro × Index
Basis pts
.5pt=12.5 Euro
None
Dow Jones EuroSTOXX 50
Eurex
1:50 am–1:00 pm
H,M,U,Z
10 Euro × Index
Basis pts
1pt=10 Euro
None
Euribor (3-month)
Eurex
1:30 am–12:00 Noon
H,M,U,Z
1,000,000 Euro
Basis pts
.5pt=12.5 Euro
None
Euro-Bund
Eurex
1:00 am–12:00 Noon
H,M,U,Z
100,000 Euro
Basis pts
1pt=10 Euro
None
Euro-Bobl
Eurex
1:00 am–12:00 Noon
H,M,U,Z
100,000 Euro
Basis pts
1pt=10 Euro
None
Euro-Schatz
Eurex
1:00 am–12:00 Noon
H,M,U,Z
100,000 Euro
Basis pts
1pt=10 Euro
None
MIB 30 Index
IDEM
2:00 am–10:40 am
H,M,U,Z
5 Euro × Index
Basis pts
5pt=25 Euro
None
Brent Crude Oil
IPE
Open Outcry: 4:02 am–1:30 pmElectronic: Sun–Wed:8:00 pm–4:00 pm,Thurs: 8:00 pm–2:30 pm
All months
1,000 barrels
¢ per barrel
1¢ per barrel ($10.00)
None
Gas Oil
IPE
Open Outcry: 3:15 am–11:27 amElectronic: Sun–Wed:8:00 pm–4:00 pm,Thurs. 8:00 pm–2:30 pm
All months
100 metric tons
¢ per ton
25¢ per ton ($25.00)
None
3-month BankerAcceptance
ME
7:00 am–2:00 pm
H,M,U,Z
C$1,000,000
Basis pts
.005pt=C$12.50
None
10-yr CanadianBond
ME
7:20 am–2:00 pm
H,M,U,Z
C$1,000,000
Basis pts
.01pt=C$10.00
3 pts
S&P Canada 60
ME
8:30 am–3:15 pm
H,M,U,Z
C$200 × Index
Basis pts
.10pt=C$20.00
▲
Eurodollar ❉
SGX
5:45 pm–5:00 am
H,M,U,Z
$1,000,000
Basis pts1/2pt, ﬁrst4 cycles
0.25=$6.25 spot monthNone0.50=$12.50 back months
Euroyen ❉
SGX
5:43 pm–5:05 am5:40 pm–5:05 amelectronic
H,M,U,Z
¥100,000,000
Basis pts
0.5pt=¥1,250
None
JGB, Mini
SGX
5:45 pm–3:15 am
H,M,U,Z
¥10,000,000
Basis pts
1pt=¥1,000
None
MSCI Taiwan
SGX
6:45 pm–11:45 pm6:45 pm–12:45 amelectronic2:00 am–5:00 amelectronic (T+1)
All months
US$100 × Index
Basis pts
0.1pt=US$10.00
7–15%
NIKKEI
SGX
5:55 pm–8:15 pm9:15 pm–12:25 am(1:30 am–5:00 amETH = T+1)
H,M,U,Z
¥500 × Nikkei 225Index
Basis pts
5pt=¥2,500
7.50%Expandable
Hang Seng
HKE
7:45 pm–10:30 pm12:30 am–2:15 am
All months
HK$50 × Hang SengIndex
Basis pts
1pt=HK$50.00
None
10-yr Bond*
SFE
3:30 pm–11:30 pm12:10 am–2:00 pm
H,M,U,Z
AD$100,000
Basis pts
0.5pt=AD$40.00
None
3-yr Bond*
SFE
3:30 pm–11:30 pm12:10 am–2:00 pm
H,M,U,Z
AD$100,000
Basis pts
1pt=AD$28.00
None
♦
(continues)
267
268Non-U.S. Markets (Continued)Trading Hours(Central Time)
DeliveryMonths
Contract Size
PriceQuoted In
Minimum PriceFluctuation
PriceLimit
SFE
3:30 pm–11:30 pm12:10 am–2:00 pm
H,M,U,Z
AD$1,000,000
Basis pts
1pt=AD$24.00
None
SPI*
SFE
12:10 am–2:00 pm4:50 pm–11:30 pm
H,M,U,Z
Share Price Index ×25 AD
Basis pts