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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 MWh
Price Quotation Prices shall be quoted in 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)
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)
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 CME Globex: 1 month
CME ClearPort and Open Outcry: Every month for 6 consecutive years
Termination Of Trading The option contract shall expire at the close of trading two 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 Prices Strike Price Interval The strike price in increments of $0.50 per MWh above and below the at-the-money strike price. Strike price boundaries are adjusted according to futures price movements.
Exercise Style American
Settlement Method Deliverable
Underlying PJM Western Hub Real-Time Off-Peak Calendar-Month 5 MW Futures