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PJM 50 MW Calendar-Month LMP Option Contract Specs

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Contract Unit Twenty (20) PJM Peak Calendar-Month LMP Futures contracts.
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: PML
CME ClearPort: PML
Open Outcry: PML
Clearing: PML
Listed Contracts CME Globex: 18 months
CME ClearPort and Open Outcry: Every month for 6 consecutive years
Termination Of Trading Trading ends two business days prior to the underlying futures month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 312
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.
Exercise Style American
Settlement Method Deliverable
Underlying PJM Western Hub Real-Time Peak Calendar-Month 2.5 MW Futures