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Conway Propane (OPIS) Average Price Options Contract Specs

Options
Underlying Futures Conway Propane (OPIS) Swap Futures contract (8K)
Product Symbol CME Globex: CPR
CME ClearPort: CPR
Open Outcry: CPR
Venue CME Globex, CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex:  Sunday – Friday 6:00 p.m. – 5:15 p.m. (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) Trade is Flow per day.
CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (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 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit A Conway Propane (OPIS) Average Price call option traded on the Exchange represents the differential between the final settlement price of the underlying Conway Propane (OPIS) Swap Futures less the strike price, or zero, whichever is greater, multiplied by 42,000 gallons. Conway Propane (OPIS) Average Price put option represents the differential between the strike price and the final settlement price of the underlying Conway Propane (OPIS) Swap Futures, or zero, whichever is greater, multiplied by 42,000 gallons.
Price Quotation U.S. dollars and cents per gallon
Option Style Average Price - non-early exercisable option
Minimum Fluctuation $0.00001 per gallon
Expiration of Trading The option contract shall expire at the close of trading on the last business day of the calendar month.
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Every month for 4 consecutive years
Strike Prices Twenty strike prices in increments of $0.0001 per gallon above and below the at-the-money strike price in all months.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 132
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.