Coal Options

With futures-style Coal options on NYMEX, you can trade the Coal options you know on the marketplace you trust.

Futures-Style Margin


Exercise Process

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)

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

 

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.

View a list of contrary instructions.

9:30 a.m. ET

Equity-Style Margin

Clearing Globex ClearPort Product Name Cleared As Volume Open Interest
CLA CLB CLA Coal (API 2) cif ARA (Argus/McCloskey) Calendar Option Options 0 5,451
RLA RLA RLA Coal (API 4) fob Richards Bay (Argus/McCloskey) Calendar Option Options 0 0
CQA CQA CQA Coal (API 2) cif ARA (Argus/McCloskey) Quarterly Option Options 0 0
RQA RQA RQA Coal (API 4) fob Richards Bay (Argus/McCloskey) Quarterly Option Options 0 0
Trade Date: 15 Sep 2017 | FINAL

NB: All equity style margins from Cal 19 and Q2 18 will have the earlier exercise time of 12.30am (UK time)

SER-7952 - Amendments to Option Exercise and Termination of Trading Rules of Six (6) Coal Option Contracts

Exercise Process

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)

 

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

 

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

 

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.

 

View a list of contrary instructions.

1:00 p.m. ET

 

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