With futures-style Coal options on NYMEX, you can trade the Coal options you know on the marketplace you trust.
Clearing | Globex | ClearPort | Product Name | Cleared As | Volume | Open Interest |
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F2C | F2C | F2C | Coal (API 2) cif ARA (Argus/McCloskey) Future-Style Margined Option on Calendar Futures Strips | Options | 0 | 0 |
F4C | F4C | F4C | Coal (API 4) fob Richards Bay (Argus/McCloskey) Future-Style Margined Option on Calendar Futures Strips | Options | 0 | 0 |
F2Q | F2Q | F2Q | Coal (API 2) cif ARA (Argus/McCloskey) Future-Style Margined Option on Quarterly Futures Strips | Options | 0 | 0 |
F4Q | F4Q | F4Q | Coal (API 4) fob Richards Bay (Argus/McCloskey) Future-Style Margined Option on Quarterly Futures Strips | Options | 0 | 0 |
Option Ceases Trading |
12:30 p.m. London Time Trading terminates 30 calendar days prior to the first calendar day of the Contract Month. If such day is not a UK business day, trading terminates on the first preceding UK business day. |
7:30 a.m. Eastern Time (ET) |
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Auto-exercise Prices |
Around 1:00 p.m. London Time The Intraday prices provided by the London Energy Brokers’ Association (‘LEBA’) are received. Those prices are used in the auto-exercise process. |
8:00 a.m. ET |
Contra Instructions |
2:30 p.m. London Time Contra-instructions can be submitted to your Clearer up to 2:30 p.m. |
9:30 a.m. ET |
Exercise / Assignment process
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2:30 p.m. London Time All options are exercised/ assigned based upon the LEBA intraday prices and any contra-instructions received. All options that are “In-the-money” are auto-exercised (considering any contra-instructions). The CME Positions and Expiration Report is made available. |
9:30 a.m. ET |
Clearing | Globex | ClearPort | Product Name | Cleared As | Volume | Open Interest |
---|---|---|---|---|---|---|
CLA | CLB | CLA | Coal (API 2) cif ARA (Argus/McCloskey) Calendar Option | Options | 0 | 2,075 |
CQA | CQA | CQA | Coal (API 2) cif ARA (Argus/McCloskey) Quarterly Option | Options | 0 | 825 |
RLA | RLA | RLA | Coal (API 4) fob Richards Bay (Argus/McCloskey) Calendar Option | Options | 0 | 25 |
RQA | RQA | RQA | Coal (API 4) fob Richards Bay (Argus/McCloskey) Quarterly Option | Options | 0 | 0 |
NB: All equity style margins from Cal 19 and Q2 18 will have the earlier exercise time of 12.30am (UK time)
Option Ceases Trading |
5:00 p.m. London Time Trading terminates 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, trading terminates on the first preceding UK business day. |
12:00 p.m. Eastern Time (ET)
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Auto-exercise Prices |
Around 5:30 p.m. London Time All options that are “In-the-money” are auto-exercised by the Exchange with reference to end-of-day prices published by the London Energy Brokers’ Association (‘LEBA’) on the expiration day. |
12:30 p.m. ET
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Contra Instructions |
6:00 p.m. London Time (or 15 minutes after LEBA data is published) All contra-instructions can be submitted to your Clearer up to 6:00 p.m. |
1:00 p.m. ET
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Exercise / Assignment process |
6:00 p.m. London Time (or 15 minutes after LEBA data is published) All options are exercised/ assigned based upon the LEBA intraday prices and any contra-instructions received. All options that are “In-the-money” are auto-exercised (considering any contra-instructions). The CME Positions and Expiration Report is made available.
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1:00 p.m. ET
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