| Singapore Fuel Oil 180 cst (Platts) Average Price Option | ||||||
|---|---|---|---|---|---|---|
| Underlying Futures | Singapore Fuel Oil 180 cst (Platts) Futures (UA) | |||||
| Product Symbol | CME Globex: AC5 CME ClearPort: C5 Open Outcry: C5 |
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| 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 Singapore Fuel Oil 180 cst (Platts) Average Price Call Option represnts the differential between the final settlement price of the underlying Singapore Fuel Oil 180 cst (Platts) Calendar Swap Futures less the strike price, or zero whichever is greater, multiplied by 1,000 metric tons. A SIngapore Fuel Oil 180 cst (Platts) Average Price Put Option represents the differential between the strike price and the final settlement price of the underlying Singapore Fuel Oil 180 cst (Platts) Calendar Swap Futures, or zero, whichever is greater, multiplied by 1,000 metric tons. | |||||
| Price Quotation | U.S. dollars and cents per metric ton. | |||||
| Option Style | Average Price - non-early exercisable option | |||||
| Minimum Fluctuation | $0.001 per metric ton | |||||
| Expiration of Trading | Trading ceases 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 | 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. | |||||
| Settlement Type | Financial | |||||
| Position Limits | NYMEX Position Limits | |||||
| Rulebook Chapter | 493A | |||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | |||||