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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. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 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. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code CME Globex: PML
CME ClearPort: PML
Open Outcry: PML
Clearing: PML
Listed Contracts Monthly contracts listed up to and including December 2016
Termination Of Trading Trading terminates 2 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 Price Listing Procedures  Strike Price Listing Procedures Table
Exercise Style American
Settlement Method Deliverable
Underlying PJM Western Hub Real-Time Peak Calendar-Month 2.5 MW Futures