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

Options
Underlying Futures Powder River Basin Coal (Platts OTC Broker Index) Swap Futures (QP)
Product Symbol RPF
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: 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)
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 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.
Price Quotation U.S. dollars and cents per ton.
Option Style European
Minimum Fluctuation $0.01 per ton
Expiration 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.
Listed Contracts CME Globex: 1 consecutive month
CME ClearPort and Open Outcry: Current year plus net 3 years
Strike Prices One strike price in increment of $0.25 per ton above and below the at-the-money strike price.
Settlement Type Physical-Exercise into futures
Position Limits NYMEX Position Limits
Rulebook Chapter 1080
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.