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Midwest ISO Indiana Hub (formerly Cinergy Hub) Peak Option on Calendar Futures Strip
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Type
 
Midwest ISO Indiana Hub (formerly Cinergy Hub) Peak Option on Calendar Futures Strip
Underlying Futures Midwest ISO Indiana Hub (formerly Cinergy Hub) Peak Calendar-Month LMP Swap Futures (EM)
Product Symbol OEM
Venue CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 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 12 consecutive underlying futures, (January through December)
Price Quotation U.S. dollars and cents per MWh.
Option Style European (Exercise only on Expiration)
Minimum Fluctuation $0.01 per MWh
Expiration of Trading 2nd to last Friday of the month prior to the delivery month of the first underlying month of the Midwest ISO Indiana Hub (formerly Cinergy Hub) Peak Calendar-Month LMP Swap Futures in the strip.
Listed Contracts Nearest 5 calendar years
Strike Prices Ten strike prices in increments of $0.50 per MWh above and below the at-the-money strike price. Strike price boundaries are adjusted according to price movements of underlying futures contract.
Settlement Type Physical - Exercise into Futures
Position Limits NYMEX Position Limits
Rulebook Chapter 921
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.