Hi guys, I'm a little confused by cocoa settlement. According to the ICE site, settlement of the underlying is at 11:50 EST. But of course the underlying trades all the way until 2 PM EST. So... my (short) cocoa OPTION positions... will they be exercised based on the price at 11:50 EST, or at 2 PM EST? I'm just not accustomed to settlement being so far from end of day pricing.