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Powder River Basin Coal (Platts OTC Broker Index) Options Contract Specs

Options
Contract Unit A Powder River Basin Coal (Platts OTC Broker Index) Call Option on Quarterly Futures Strip traded on the Exchange represents an option to assume, at the strike price, one (1) long contract of the underlying Powder River Basin Coal (Platts OTC Broker Index) Swap futures in each month of the three consecutive months of the underlying quarter. A Powder River Basin Coal (Platts OTC Broker Index) Put Option on Quarterly Futures Strip traded on the Exchange represents an option to assume, at the strike price, one (1) short contract of the underlying Powder River Basin Coal (Platts OTC Broker Index) Swap futures in each month of the three consecutive months of the underlying quarter.
Minimum Price Fluctuation $0.01 per ton
Price Quotation U.S. dollars and cents per 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)
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)
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)
Product Code CME Globex: RPF
CME ClearPort: RPF
Open Outcry: RPF
Clearing: RPF
Listed Contracts CME Globex: 1 consecutive month
CME ClearPort and Open Outcry: Current year plus net 3 years
Termination Of Trading The option contract shall expire at the close of trading on the first business day of the month prior to the delivery month of the first underlying month of the Powder River Basin Coal (Platts OTC Broker Index) Swap futures contract.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1080
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval One strike price in increment of $0.25 per ton above and below the at-the-money strike price.
Exercise Style European
Settlement Method Deliverable
Underlying Powder River Basin Coal (Platts OTC Broker Index) Futures