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European 1% Fuel Oil Barges FOB Rdam (Platts) Average Price Option Contract Specs

Options
Contract Unit A European 1% Fuel Oil (Platts) Barges FOB Rdam Average Price Call Option represents the differential between the final settlement price of the underlying European 1% Fuel Oil Barges FOB Rdam (Platts) Futures less the strike price, or zero whichever is greater, multiplied by 1,000 metric tons. A European 1% 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 1% Fuel Oil Barges FOB Rdam (Platts) Futures, or zero, whichever is greater, multiplied by 1,000 metric tons.
Minimum Price Fluctuation $0.01 per metric ton
Price Quotation U.S. dollars and cents per metric tons
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)
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)
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)
Product Code CME Globex: EFB
CME ClearPort: EFB
Clearing: EFB
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: 36 consecutive monthly contracts.
Termination Of Trading Trading ceases on the last business day of the underlying calendar month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 782
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval Twenty strike prices in increments of $.50 per metric ton above and below the at-the-money strike price for a total of at least 41 strike prices. Strike price boundaries are adjusted according to futures price movements.
Exercise Style Average Price – non-early exercisable option
Settlement Method Financially Settled
Underlying European 1% Fuel Oil Barges FOB Rdam (Platts) Futures