Strike Price Intervals Reduced
To enhance the effectiveness CBOTR agricultural option contracts, the strike price intervals for several contracts are changing late this summer.

Effective August 16, 1999, with the start of trading for October serial options:

Soybean option strike price intervals reduced from 25 cents to 10 cents per bushel for (1) serial months and (2) standard months five business days prior to becoming the spot month.

Corn and wheat option strike price intervals reduced from 10 cents to 5 cents per bushel for (1) serial months and (2) standard months five business days prior to becoming the spot month.

Effective with the listing of the January 2001 standard soybean option contract (authorized for trading September 23, 1999):


Soybean option strike price intervals reduced from 25 cents to 20 cents per bushel for standard months outside the spot month.

For previously listed standard soybean options, the 25-cent strike price interval stays in effect until the November 2000 contract expires.

To review new serial and standard option strike price intervals, read corn and wheat strike price intervals and soybean strike price intervals. Also available is the agricultural serial option trading calendar and more information about CBOT agricultural serial options.