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Open Outcry
hand signals



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Hand Signals
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Options
In options trading on the CME floor, traders need to indicate whether an order is a put or a call, in addition to using the standard signals to convey other information about the order.

put signal
put
call signal
call

Expiration Months
All futures contracts have an expiration month; thus, there are standard hand signals that indicate each month.

january signal february signal

january
put hand in front of throat

february
hold index and pinky finger up, middle fingers down - like bunny ears


march signal april signal

march
wiggle fingers, thumb tucked in

april
wiggle fingers while lowering hand and arm


may signal june signal

may
hold jacket flap

june
make bunny ears pointed downward


july signal august signal

july
point to eye

august
rub forehead with four fingers, circular motion


september signal october signal

september
hold palm open, pointing up

october
victory sign


november signal december signal

november
make an X in front of face

december
cross index and middle finger, as in good luck sign


Glossary Options 101 Hand Signals Who's Who Resources Talkback The film The Trading Pit The Merc The Story Open Outcry