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

Options
Contract Unit U.S. Midwest Domestic Hot-Rolled Coil Steel Index Futures
Minimum Price Fluctuation $0.25 per ton
Price Quotation U.S. dollars and cents per ton
Trading Hours 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)
Product Code CME ClearPort: HRO
Open Outcry: HRO
Clearing: HRO
Listed Contracts 24 consecutive months
Termination Of Trading Trading terminates on the business day prior to the last Wednesday of the named contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1095
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval One (1) fifty-cent increment strike prices above and below the at-the-money strike price available for trading in all option contract months
Exercise Style European
Settlement Method Financially Settled
Underlying U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Futures