| Copper Average Price Option | |||||
|---|---|---|---|---|---|
| Underlying Futures | Copper Calendar Swap 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 |
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| 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 Calendar Swap 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. | ||||