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European Jet Kerosene Cargoes CIF NWE (Platts) Average Price Option Contract Specs

Options
Contract Unit A long call option will be financially settled on expiration day by the settlement price for the underlying calendar less the strike price multiplied by 1,000 metric tons, or zero, whichever is greater. A long put option will be financially settled on expiration day by the strike price less the settlement price of the underlying calendar multiplied by 1,000 metric tons, or zero, whichever is greater.
Minimum Price Fluctuation $0.01 per metric ton
Price Quotation U.S. dollars and cents per metric ton
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: A30
CME ClearPort: 30
Clearing: 30
Listed Contracts Monthly contracts listed for 36 consecutive months.
Termination Of Trading Trading terminates on the last business day of the underlying calendar month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 651A
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 Jet Kerosene Cargoes CIF NWE (Platts) Futures