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Central Appalachian Coal Options
 


Type
 
Central Appalachian Coal Option
Underlying Futures Central Appalachian Coal Futures (QL)
Product Symbol C1
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 One Central Appalachian Coal Futures.
Price Quotation U.S. dollars and cents per ton.
Option Style American
Minimum Fluctuation $0.01 per ton
Expiration of Trading Trading ends on the first business day of the calendar month preceding the delivery month of the underlying Central Appalachian Coal Futures.
Listed Contracts The current year and the next four years. Contracts for each new calendar year will be added following the termination of trading in the December contract of the current year.
Strike Prices Five strike prices in increments of $2.50 per ton above and below the at-the-money strike price. Strike price boundaries are adjusted according to futures price movements.
Settlement Type Physical
Position Limits NYMEX Position Limits
Rulebook Chapter 933
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.