Asset Class Navigation

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

Options
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.
Minimum Price Fluctuation $0.01 per MWh
Price Quotation U.S. dollars and cents per MWh
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: CSA
CME ClearPort: CSZ
Open Outcry: CSZ
Clearing: CSZ
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Every month for 3 consecutive years
Termination Of Trading Second business day prior to the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1068
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval 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.
Exercise Style American
Settlement Method Deliverable
Underlying CAISO SP15 EZ Gen Hub 5 MW Peak Calendar-Month Day-Ahead LMP Futures