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U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Average Price Options Contract Specs

Options
Underlying Futures U.S. Midwest Domestic Hot-Rolled Coil Steel Index Futures
Product Symbol HRO
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 9:00AM – 2:30PM (8:00AM – 1:30PM CT)
Contract Unit U.S. Midwest Domestic Hot-Rolled Coil Steel Index Futures
Price Quotation U.S. dollars and cents per ton
Option Style European
Minimum Fluctuation $0.25 per ton
Expiration of Trading Trading terminates on the business day prior to the last Wednesday of the named contract month.
Listed Contracts 24 consecutive months
Strike Prices One (1) fifty-cent increment strike prices above and below the at-the-money strike price available for trading in all option contract months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 1095
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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