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Coal (API 4) fob Richards Bay (Argus/McCloskey) Option on Quarterly Futures Strip
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Type
 
Coal (API 4) fob Richards Bay (Argus/McCloskey) Option on Quarterly Futures Strip
Underlying Futures Coal (API 4) fob Richards Bay (Argus/McCloskey) Swap Futures (Code: MFF)
Product Symbol RQA
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 3 consecutive futures beginning with the underlying month of the option contract (each future is 1,000 metric tons, 3,000 metric tons in total)
Price Quotation U.S. dollars and cents per metric ton
Minimum Fluctuation $0.01 per metric ton
Expiration 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 2:30pm London time. Options must be exercised by 3:00pm London time.
Listed Contracts Nearest 10 consecutive quarters
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 917
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.