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Conway Propane (OPIS) Average Price Options Contract Specs

Options
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) 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) Futures, or zero, whichever is greater, multiplied by 42,000 gallons.
Minimum Price Fluctuation $0.00001 per gallon
Price Quotation U.S. dollars and cents per gallon
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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)
Product Code CME Globex: CPR
CME ClearPort: CPR
Open Outcry: CPR
Clearing: CPR
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Every month for 4 consecutive years
Termination Of Trading The option contract shall expire at the close of trading on the last business day of the calendar month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 132
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval Twenty strike prices in increments of $0.0001 per gallon above and below the at-the-money strike price in all months.
Exercise Style Average Price - non-early exercisable option
Settlement Method Financially Settled
Underlying Conway Propane (OPIS) Futures