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PJM West Hub RT Real-Time 50 MW Off-Peak Options Contract Specs

Options
Contract Unit 50 Megawatts hours (MWh). Transaction sizes for trading in any delivery month shall be restricted to whole number multiples of the number of off-peak hours in the month.
Minimum Price Fluctuation $0.01 per megawatt hour
Price Quotation Prices shall be quoted in dollars and cents per MWh
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)
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)
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)
Product Code CME Globex: NB9
CME ClearPort: N9P
Open Outcry: N9P
Clearing: N9P
Listed Contracts Monthly contracts listed for the current year and the next 5 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates 2 business days prior to the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1179
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 Off-Peak Calendar-Month 5 MW Futures