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Copper Financial Options
 


Type
 
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
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.
 
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