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In Delivery Month European Union Allowance (EUA) Options Contract Specs

Options
Underlying Futures In Delivery Month European Union Allowance (EUA) Futures (6T)
Product Symbol CME Globex: EAX
CME ClearPort: 6U
Venue CME Globex, CME ClearPort
Hours
(All Times are New York Time/ET)
CME Globex: Sunday - Friday 6:00 PM - 5:15 PM New York Time/ET (5:00 PM - 4:15 PM Chicago Time/CT) with a 45-minute break each day beginning at 5:15 PM New York Time/ET (4:15 PM Chicago Time/CT). On the last trading day, the In Delivery Month European Union Allowance (EUA) Option stops trading at 5 p.m. UK time (11 a.m. CT).
CME ClearPort Sunday - Friday 6:00 PM - 5:15 PM New York Time/ET (5:00 PM - 4:15 PM Chicago Time/CT) with a 45-minute break each day beginning at 5:15 PM New York Time/ET (4:15 PM Chicago Time/CT). On the last trading day, the In Delivery Month European Union Allowance (EUA) Option stops trading at 5 p.m. UK time (11 a.m. CT).
Contract Size 1,000 European Union Allowances (EUAs). Each EUA is an entitlement to emit one ton of carbon dioxide- equivalent gas.
Price Quotation Euros (€) and cents (¢) per allowance
Minimum Fluctuation €0.01 per allowance (i.e. €10.00 per lot)
Termination of Trading Expires at the close of trading three business days prior to the termination of the underlying In Delivery Month European Union Allowance (EUA) Futures contract.
Listed Contracts First three consecutive contracts months plus eight quarterly contracts on a rolling basis, starting with the nearest quarter; December contract month of subsequent years through 2020.
Settlement Type The In Delivery Month European Union Allownce (EUA) Option contract exercises into the In Delivery Month European Union Allowance (EUA) Futures contract at the specified strike price. The option is European style. Thus, at expiry, automatic exercise will occur for options that are one or more ticks in-the-money. At-the-money options will lapse.
Position Limits NYMEX Position Limits
Rulebook Chapter 1251
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.