Asset Class Navigation

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.

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

Idea Exchange

Idea Exchange is your direct link to the product managers, marketers, and the development teams who create cmegroup.com and will allow you to review functionality, participate in focus and provide feedback on upcoming Web initiatives

Contact Us

CME Group/Chicago HQ:
Local: +1 312 930 1000
Toll Free: +1 866 716 7274

Global Customer Contacts

More CME Group Direct Lines
Phone list by department

Global Partnerships

Global

Global Offices Contact Information

 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo Beijing

© 2014 CME Group Inc. All rights reserved.

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.