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PJM JCPL Zone Peak Calendar-Month Day-Ahead LMP Option Contract Specs

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Contract Unit One PJM JCPL Zone Peak Calendar-Month Day-Ahead LMP Futures
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)
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: JAC
CME ClearPort: JCL
Open Outcry: JCL
Clearing: JCL
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Every month for 6 consecutive years
Termination Of Trading 2nd to last business day of the calendar month prior to the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 923
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval Five 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.
Exercise Style American
Settlement Method Deliverable
Underlying PJM JCPL Zone Peak Calendar-Month Day-Ahead LMP Futures