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Singapore Fuel Oil 180 cst (Platts) Average Price Options Contract Specs

Options
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.
Minimum Price Fluctuation $0.001 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: AC5
CME ClearPort: C5
Clearing: C5
Listed Contracts Monthly contracts listed for the current calendar year and the next 5  calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates on the last business day of the underlying calendar month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 493A
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 Singapore Fuel Oil 180 cst (Platts) Futures