| Conway Propane (OPIS) Average Price Option | |||||
|---|---|---|---|---|---|
| Underlying Futures | Conway Propane (OPIS) Swap Futures contract (8K) | ||||
| Product Symbol | CME Globex: CPR CME ClearPort: CPR Open Outcry: CPR |
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| 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 ClearPort and Open Outcry: | Current year plus 3 consecutive years | |||
| CME Globex: | 1 consecutive month | ||||
| 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. | ||||