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Freight Route TD3C (Baltic) Average Price Options Contract Specs

Options
Contract Unit 1,000 Metric Tons
Minimum Price Fluctuation 0.0001 per Metric Ton
Price Quotation U.S. Dollars and Cents per Metric Ton
Trading Hours 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)
Product Code CME Globex: TDT
CME ClearPort: TDT
Clearing: TDT
Listed Contracts Monthly contracts listed for the current year and the next calendar year.  Monthly contracts for a new calendar year will be listed following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates on the last business day of the month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 949
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Exercise Procedure On expiration day, a call option will be financially settled to the value obtained by subtracting the strike price from the underlying reference price and multiplying by 1,000 metric tons, or zero, whichever is greater. A put option will be financially settled to the value obtained by subtracting the underlying reference price from the the strike price and multiplying by 1,000 metric tons, or zero, whichever is greater.
Settlement Method Financially Settled
Underlying Freight Route TD3C (Baltic) Futures