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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.

JAPANESE YEN OPTIONS

Trade UnitOne Japanese yen futures contract
Point Descriptions1 point = $.000001 per Japanese yen = $12.50 per contract
Contract ListingFour months in the March cycle and two months not in the March cycle (serial months), plus four weekly expirations.
Strike Price IntervalN/A
Product CodeClearing
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
Hours7:20 a.m.-2:00 p.m. LTD
ListedAll listed series
StrikeAll listed intervals
LimitsNo limits
Minimum FluctuationRegular0.000001=$12.50
Cab0.0000005=$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®
HoursMon/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.
ListedAll listed series
Strike8 strikes up & down, and including, the strike nearest the money.
LimitsNo limits
Minimum FluctuationRegular0.000001=$12.50
Cab0.0000005=$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.

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