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European Jet Kerosene Cargoes CIF NWE (Platts) Average Price Options
 


Type
 
European Jet Kerosene Cargoes CIF NWE (Platts) Average Price Option
Underlying Futures European Jet Kerosene (Platts) Cargoes CIF NWE Calendar Futures (UJ)
Product Symbol CME Globex: A30
CME ClearPort: 30
Open Outcry: 30
Venue CME Globex, CME ClearPort and Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (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. (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 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
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.
Price Quotation U.S. dollars and cents per metric ton
Option Style Average Price – non-early exercisable option
Minimum Fluctuation $0.01 per metric ton
Expiration of Trading The option expires on the last business day of the underlying calendar month.
Listed Contracts CME ClearPort and Open Outcry: 36 consecutive months
CME Globex: 0 consecutive months
Strike Prices Five strike prices in increments of $.50 per metric ton above and below the at-the-money strike price for a total of at least 11 strike prices. Strike price boundaries are adjusted according to futures price movements.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 651A
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
 
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