Copper Options

COMEX Copper Options are a transparent and flexible tool for hedging and establishing price exposure. Benefit from global price discovery and robust liquidity by trading options on one of our flagship metals futures.

Features

  • Simple and efficient execution directly on competitive live market quotes on Globex
  • Peerless price information from real-time streaming option quotes
  • Dynamic quote responses to spread strategies via RFQs (Request for Quotes)
  • Affordable, transparent exchange fees with margin offset savings
  • Deep underlying futures liquidity

Key Benefits

  • Backed by the safety and security of CME Clearing
  • Available electronically via CME Globex and through block trades via CME ClearPort
  • Growing liquidity and transparent price discovery
  • Flexible market exposure at lower premiums

Independent Software Vendor (ISV) Codes

Product Name CME Globex/Clearport Bloomberg Reuters TT CQG Fidessa SunGard Exchange
Copper Futures HG HGA Comdty <GO> 0#1HG: HG CPE HG HG COMEX
Copper Options HXE/HX HGA Comdty OMON <GO> 0#HG+ HXE CPE HX HX COMEX

Contract Unit One COMEX Copper futures contract
Minimum Price Fluctuation $0.0005 per pound
Price Quotation U.S. Cents per pound.
Please note: Prices are disseminated in U.S. Dollars and Cents
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code CME Globex: HXE
CME ClearPort: HX
Clearing: HX
Listed Contracts Monthly contracts listed for 22 consecutive months.
Termination Of Trading Trading terminates 4 business days prior to the end of the month preceding the option contract month at 1:00 p.m. (12:00 p.m. CT). If the expiration day falls on a Friday or immediately prior to an Exchange holiday, expiration will occur on the previous business day.
Position Limits NYMEX Position Limits
Exchange Rulebook COMEX 117
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style American
Settlement Method Deliverable
Underlying Copper Futures