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Copper Average Price Options Contract Specs

Contract Unit 25,000 lbs
Minimum Price Fluctuation $0.0001 per pound
Price Quotation U.S.cents per pound
Please note: Prices are disseminated in U.S. Dollars and Cents
Trading Hours Open Outcry: Monday – Friday 8:10 a.m. – 1:00 p.m. (7:10 a.m. – 12:00 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)
Product Code CME ClearPort: CAP
Open Outcry: CAP
Clearing: CAP
Listed Contracts 23 consecutive months for which a COMEX Copper Financial Futures contract is listed
Termination Of Trading Expiration occurs at the close of trading on the last business day of the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook COMEX 1191
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval One strike price in increment of $0.01 per pound above and below the at-the-money strike price.
Exercise Style European: Average Price – non-early exercisable option
Settlement Method Financially Settled
Underlying Copper Financial Futures