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Central Appalachian Coal Option on Calendar Futures Strip Options
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Type
 
Central Appalachian Coal Option on Calendar Futures Strip
Underlying Futures Central Appalachian Coal Futures (QL)
Product Symbol 6M
Venue CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 12 consecutive underlying futures, (January through December).
Price Quotation U.S. dollars and cents per ton.
Option Style European (Exercise only on Expiration)
Minimum Fluctuation $0.01 per ton
Expiration of Trading 1st business day of the month prior to the delivery month of the first underlying month of the Central Appalachian Coal Futures in the strip.
Listed Contracts Nearest 4 calendar years
Strike Prices Twenty strike prices in increments of $0.50 per ton above and below the at-the-money strike price, for a total of at least 41 strike prices.  Strike price boundaries are adjusted according to price movements of underlying futures contract.
Settlement Type Physical
Position Limits NYMEX Position Limits
Rulebook Chapter 358
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.