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Trade Cotton Futures
Cotton Contract
Specs
To trade Cotton futures,
open a futures
trading account.
Current as of Sept. 2, 2003
and may be subject to change. Verify information with your
broker.
|
Cotton Futures Info: |
Cotton Futures Charts, Quotes, Options |
| Trading Unit |
50,000 lbs. net weight (approximately 100 bales) |
| Point Value |
$5.00 |
| Trading Hours: |
10:30 am to 2:15 pm NY Time; closing period
commences at 2:14 pm |
| Price Quotation |
Cents and hundredths of a cent per
pound |
| Trading Months: |
Current month plus one or more of
the next
23 succeeding months. Active trading months: March,
May, July, October, December |
| Ticker Symbol: |
CT |
| Basis Grade: |
Quality: Strict Low Middling
Staple Length: 1 2/32nd inch
Contact the Exchange for more information an other
specifications |
| Minimum Fluctuation: |
1/100 of a cent (one "point") per
pound below 95 cents per pound. 5/100 of a cent (or
five "points") per pound at prices of 95 cents per
pound or higher.* N.B.: Spreads may always trade and
be quoted in one point increments, regardless of
price levels |
|
First Notice Day: |
Five business days from end of preceding month. |
| Last Trading Day: |
Seventeen business days from end of
spot
month. |
| Daily Limit on Price Movement: |
3 cents above or below previous
day's settlement price. However, if any contract
months settles at or above $1.10 per pound, all
contract months will trade with 4 cent price limits.
Should no month settle at or above $1.10 per pound,
price limits stay (or revert) to 3 cents per lb.
Spot month - no limit on or after first notice day. |
| Position Limits: |
Delivery Month 300 contracts
Any other month 2,500 contracts
All months combined 3,500 contracts
Futures & options have a combined limit in futures
equivalents.
Contact the Exchange for more information. |
These contract specifications are subject to change.
Option Contract on
Cotton Futures
Confers to buyer the right to buy (in the case of a call)
or sell (in the case of a put) one Cotton No. 2 futures
contract.
Current as of Sept. 2, 2003
and may be subject to change, verify information with your
broker.
| Trading Unit |
One New York Cotton Exchange Cotton No. 2 futures
contract. |
|
Point Value |
$5.00 |
| Strike Price Increments |
1 cent increments |
| Trading Hours: |
See cotton futures |
| Price Quotation: |
Prices quoted in cents and
hundredths of a
cent.
|
| Contract Months: |
Mar, May, July, Oct & Dec. The
nearest ten delivery months will be available for
trading. Example: In Aug 1999, the Oct 1999, Dec
1999,
Mar 2000, May 2000, July 2000, Oct 2000, Dec 2000,
Mar 2001, May 2001 & Jul 2001 contracts will be
available for trading. |
| Ticker Symbol: |
CT |
| Minimum Fluctuation: |
1/100 of a cent. Minimum Fluctuation
Prices quoted in cents and hundredths of a cent. |
| Expiration Date/Time |
Until 5 p.m. (NY time) on any
trading day including last trading day. Automatic
exercise at one tick or more in-the-money at
expiration on last trading day. |
| Last Trading Day |
The last Friday which precedes first
notice day for the underlying future by at least
five business days. |
| Daily Limit on Price Movement: |
None |
| Position Limits: |
See Cotton Futures specifications
for combined Futures/Options Limits. |
For more information contact the New York Board of
Trade.
Other Futures Contract Specs
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