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CAISO SP15 EZ Gen Hub 5 MW Peak Calendar-Month Day-Ahead LMP Option Contract Specs

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Underlying Futures CAISO SP15 EZ Gen Hub 5 MW Peak Calendar-Month Day-Ahead LMP Futures (9X)
Product Symbol CME Globex: CSA
CME ClearPort and Open Outcry: CSZ
Venue CME Globex, CME ClearPort and Open Outcry
Hours 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 80 Megawatt hours (MWh) (5 MW per peak hour). Transaction sizes for trading in any delivery month shall be restricted to whole number multiples of the number of peak days in the contract month.
Price Quotation U.S. dollars and cents per MWh
Option Style American
Minimum Fluctuation $0.01 per MWh
Expiration of Trading Second business day prior to the contract month.
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Every month for 3 consecutive years
Strike Prices Five strike prices in increments of $.50 per MWh above and below the at-the-money strike price for a total of at least 11 strike prices. Strike price boundaries are adjusted according to futures price movements.
Settlement Type Execise into Futures
Position Limits NYMEX Position Limits
Rulebook Chapter 1068
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.