Asset Class Navigation

Central Appalachian Coal Quarterly Strip Options Contract Specs

Options
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.

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

Idea Exchange

Idea Exchange is your direct link to the product managers, marketers, and the development teams who create cmegroup.com and will allow you to review functionality, participate in focus and provide feedback on upcoming Web initiatives

Contact Us

CME Group/Chicago HQ:
Local: +1 312 930 1000
Toll Free: +1 866 716 7274

Global Customer Contacts

More CME Group Direct Lines
Phone list by department

Global Partnerships

Global

Global Offices Contact Information

 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo Beijing

© 2014 CME Group Inc. All rights reserved.

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.