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Coal (API 2) cif ARA (Argus/McCloskey) Calendar Option Contract Specs

Options
Contract Unit 12 consecutive futures beginning with the underlying month of the option contract (each future is 1,000 metric tons, 12,000 metric tons in total)
Minimum Price Fluctuation $0.01 per metric ton
Price Quotation U.S. dollars and cents per metric ton
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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)
Product Code CME Globex: CLB
CME ClearPort: CLA
Open Outcry: CLA
Clearing: CLA
Listed Contracts CME Globex: 1 Month (1yr Calendar Spread)
CME ClearPort and Open Outcry: 2 Months (2-1yr Calendar Spreads)
Termination Of Trading 30 calendar days prior to the first calendar day of the first month in the strip. If such day is not a UK business day, the LTD shall be the first preceding UK business day. Last trade to be accepted at 5:00pm London time.

Options will be auto-exercised by the Exchange with reference to end of day prices published by the London Energy Brokers’ Association (‘LEBA’) on the expiration day. Contra-instructions may be submitted up to 6:00pm London time, or 15 minutes after the publication of the LEBA reference price, whichever is later.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 910
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval 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 Method Deliverable
Underlying Coal (API2) CIF ARA (ARGUS-McCloskey) Futures