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Central Appalachian Coal Option on Quarterly Futures Strip Options
 


Type
 
Central Appalachian Coal Option on Quarterly Futures Strip
Underlying Futures Central Appalachian Coal Futures (QL)
Product Symbol CME Globex: A6K
CME ClearPort: 6K
Open Outcry: 6K
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex:  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)
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 3 consecutive futures beginning with the underlying month of the option contract.
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 CME ClearPort and Open Outcry: Nearest 4 consecutive quarters
CME Globex: 1 consecutive month
Strike Prices Ten strike prices in increments of $0.50 per ton above and below the at-the-money strike price, for a total of at least 21 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 355
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
 
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