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EIA Flat Tax On-Highway Diesel Average Price Options Contract Specs

Options
Contract Unit A EIA Flat Tax On-Highway Diesel Average Price Call Option represents the differential between the final settlement price of the underlying EIA Flat Tax On-Highway Diesel Swap Futures less the strike price, or zero, whichever is greater, multiplied by 42,000 gallons. A EIA Flat Tax On-Highway Diesel Average Price Put Option represents the differential between the strike price and the final settlement price of the underlying EIA Flat Tax On-Highway Diesel Swap Futures, or zero, whichever is greater, multiplied by 42,000 gallons.
Minimum Price Fluctuation $0.0001 per gallon
Price Quotation U.S. dollars and cents per gallon
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: DAP
CME ClearPort: DAP
Clearing: DAP
Listed Contracts Monthly contracts listed for 36 consecutive months.
Termination Of Trading Trading terminates at the close of trading on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 311
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
Settlement Method Financially Settled
Underlying EIA Flat Tax On-Highway Diesel Futures