NEW YORK, US – Effective as of Monday, September 8, 2014 the Exchange will revise the contract symbols used for listing new Sugar No. 11, Coffee “C” and Cotton No. 2 Weekly Options contracts.
The new symbols are:
- Sugar No. 11: SBW
- Coffee “C”: KCW
- Cotton No. 2: CTW
The first Weekly Option expirations that will utilize the new contract symbols are:
- Sugar No. 11: Friday, September 26, 2014
- Coffee “C”: Friday, October 3, 2014
- Cotton No. 2: Friday, October 3, 2014
Prior to this change, for each set of products five contract symbols were used; the first two characters in the symbol denoted the underlying future product, and the third character in the symbol denoted the week of the month in which the respective option expired.
For example, the current contract symbols for Cotton Weekly Options are “TC1”, “TC2”, “TC3”, “TC4” and “TC5”, and symbol “TC3” indicated that the option was on Cotton No. 2 futures and it expired in the third week of the named contract month.
All Weekly Options contracts that have been listed under the old symbols prior to September 8, 2014 will remain listed under those symbols through their expiration.
No changes to the actual terms and conditions of the Weekly Option contracts are being made at this time, and no change to the listing or expiration cycle is being made. Information on the Weekly Option.
Contracts can be found online at: https://www.theice.com/publicdocs/futures_us/IFUS_Weekly_Options_FAQ.pdf https://www.theice.com/productguide/ProductSpec.shtml?specId=4210000 https://www.theice.com/productguide/ProductSpec.shtml?specId=6473168 https://www.theice.com/productguide/ProductSpec.shtml?specId=4210002.
Source: ICE Futures U.S.
