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European 3.5% Fuel Oil Barges FOB Rdam (Platts) Average Price Option Contract Specs

Options
Contract Unit A European 3.5% Fuel Oil (Platts) Barges FOB Rdam Average Price Call Option represnts the differential between the final settlement price of the underlying European 3.5% Fuel Oil (Platts) Barges FOB Rdam Calendar Futures less the strike price, or zero whichever is greater, multiplied by 1,000 metric tons. A European 3.5% Fuel Oil (Platts) Barges FOB Rdam Average Price Put Option represents the differential between the strike price and the final settlement price of the underlying European 3.5% Fuel Oil (Platts) Barges FOB Rdam Calendar Futures, or zero, whichever is greater, multiplied by 1,000 metric tons.
Minimum Price Fluctuation $0.001 per metric ton
Price Quotation U.S. dollars and cents per metric tons.
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: AQ6
CME ClearPort: Q6
Clearing: Q6
Listed Contracts Monthly contracts listed for the current year and the next calendar year. Monthly contracts for a new calendar year will be added 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 underlying calendar month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 660A
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style Average Price – non-early exercisable option
Settlement Method Financially Settled
Underlying European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures