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Copper Average Price Options Contract Specs

Options
Underlying Futures Copper Financial Futures (HGS)
Product Symbol CAP
Venue CME ClearPort, 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 8:10 a.m. – 1:00 p.m. (7:10 a.m. – 12:00 p.m. CT)
Contract Size 25,000 lbs
Price Quotation U.S.cents per pound
Please note: Prices are disseminated in U.S. Dollars and Cents
Option Style European: Average Price – non-early exercisable option
Minimum Fluctuation $0.0001 per pound
Expiration of Trading Expiration occurs at the close of trading on the last business day of the contract month
Listed Contracts 23 consecutive months for which a COMEX Copper Financial Futures contract is listed
Strike Prices One strike price in increment of $0.01 per pound above and below the at-the-money strike price.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1191
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of COMEX.