| Contract
Sizes: |
100 Shares |
| Expiration
Months: |
Two quarterly expirations and two serial
months will trade at all times, for a total of four expirations per
product class. OneChicago will follow the quarterly cycle of March
(H), June (M), September (U), and December (Z). The serial months
traded will be the two nearest months that are not quarterly
expirations. |
| Last Trading
Day: |
Third business Friday of each contract
month. |
| Tick Size: |
$0.01 for single stock futures; $0.05 for
narrow-based indices |
| Trading
Hours: |
Monday through Friday 9:30 AM to $4:02 PM
Eastern Standard Time |
| Margin
Requirements: |
20% of the value of the underlying
securities |
| Short Sale
Advantages: |
No uptick required. No stock
borrowing costs or risks. |
| Clearing and
Settlement: |
Trades executed at OneChciago are cleared
and settled by the Options Clearing Corporation or by Chicago Mercantile
Exchange Inc. |
| U.S. Government
Regulator: |
OneChicago is jointly regulated by the
Commodity Futures Trading Commission and the Securities and Exchange
Commission |
