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NYISO Zone G 5 MW Peak Calendar-Month Day-Ahead LBMP Option Contract Specs

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Contract Unit One NYISO Zone G Day-Ahead Peak Calendar-Month 5 MW Futures
Minimum Price Fluctuation $0.01 per megawatt hour
Price Quotation U.S. dollars and cents per megawatt hour.
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)
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)
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)
Product Code CME Globex: A9U
CME ClearPort: 9U
Open Outcry: 9U
Clearing: 9U
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Every month for 3 consecutive years
Termination Of Trading Trading terminates on the third to last business day before the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 904A
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval 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.
Exercise Style American
Settlement Method Deliverable
Underlying NYISO Zone G Day-Ahead Peak Calendar-Month 5 MW Futures