|
Contract |
Net Margin |
Volatility Scan Range |
| CTS |
300 |
0.60 |
| SBS |
150 |
0.25 |
Margin rates for all other NYBOT products remain unchanged. A complete grid of margin rates for all NYBOT products is available at www.nybot.com.
NYBOT developed the OFS contract in response to the rapid growth in options trading at the exchange and the demand for more complex option-based products. Options on Futures Spreads will allow traders to manage a single position instead of two and pay only one premium for that single instrument. Where a regular option contract gives the buyer the right, but not the obligation, to establish a futures position at a pre-determined price level, an OFS gives the buyer the right, but not the obligation, to establish a spread position at a pre-determined spread price between the two futures contract months.
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.
