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California Carbon Allowance (CCA) Options Contract Specs

Options
Underlying Futures California Carbon Allowance (CCA) Futures(CCA)
Product Symbol CME Globex: CAO
CME ClearPort: CAO
Venue CME Globex, CME ClearPort
Hours
(All Times are New York Time/ET)
CME Globex: Sunday - Friday 6:00 PM - 5:15 PM ET (5:00 PM - 4:15 PM CT) with a 45-minute break each day beginning at 5:15 PM ET (4:15 PM CT)
CME ClearPort Sunday - Friday 6:00 PM - 5:15 PM ET (5:00 PM - 4:15 PM CT) with a 45-minute break each day beginning at 5:15 PM ET (4:15 PM CT)
Contract Size 1,000 Allowances
Price Quotation US Dollars ($) and cents (¢) per allowance.
Minimum Fluctuation $0.01 per allowance (i.e. $10.00 per lot)
Termination of Trading Will expire at the close of trading three (3) business days prior to the termination of the underlying California Carbon Allowance (CCA) futures contract
Listed Contracts December-13
Settlement Type California Carbon Allowance (CCA) Options Contracts will be exercised into California Carbon Allowance (CCA) Futures Contracts and are of European-style exercise, such that at expiry, automatic exercise will occur of options which are one or more ticks in-the-money. (At-the-money options will lapse)
Position Limits NYMEX Position Limits
Rulebook Chapter 1274
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.