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Singapore Fuel Oil 380 cst (Platts) Average Price Options
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Type
 
Singapore Fuel Oil 380 cst (Platts) Average Price Option
Underlying Futures Singapore Fuel Oil 380 cst (Platts) Swap Futures (SE)
Product Symbol 8H
Venue CME ClearPort and Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 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 380 cst (Platts) Average Price Call Option represents the differential between the final settlement price of the underlying Singapore Fuel Oil 380 cst (Platts) Swap Futures less the strike price, or zero whichever is greater, multiplied by 1,000 metric tons. A Singapore Fuel Oil 380 cst (Platts) Average Price Put Option represents the differential between the strike price and the final settlement price of the underlying Singapore Fuel Oil 380 cst (Platts) 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 contract month.
Listed Contracts 36 consecutive months
Strike Prices Twenty strike prices in increments of $0.50 per metric ton above and below the at-the-money strike price. Strike price boundaries are adjusted according to futures price movements.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 668A
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.