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ISO New England Peak Calendar-Month LMP Option Contract Specs

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Underlying Futures ISO New England Internal Hub Peak LMP Futures (NI)
Product Symbol CME Globex: AOE
CME ClearPort: OE
Open Outcry: OE
Venue CME Globex, CME ClearPort and 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 One ISO New England Internal Hub Peak LMP Futures
Price Quotation U.S. dollars and cents per megawatt hour.
Option Style American
Minimum Fluctuation $0.01 per megawatt hour
Expiration of Trading Trading ends two business days prior to the start of contract month.
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Every month for 5 consecutive years
Strike Prices Twenty strike prices in increments of $0.50 per megawatt hour above and below the at-the-money strike price, and the next 10 strike prices in increments of $1.00 above the highest and below the lowest existing strike prices for a total of at least 61 strike prices. The at-the-money strike price is nearest to the previous day's close of the underlying futures contract. Strike price boundaries are adjusted according to the futures price movements.
Settlement Type Physical
Position Limits NYMEX Position Limits
Rulebook Chapter 381
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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