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Iron Ore 62% Fe, CFR North China (Platts) Average Price Option Contract Specs

Options
Contract Unit One Iron Ore 62% Fe, CFR North China (Platts) Futures
Minimum Price Fluctuation $0.01 per dry metric ton
Price Quotation U.S. dollars and cents per dry metric ton
Trading Hours Open Outcry: Monday – Friday 9:00AM – 2:30PM (8:00AM – 1:30PM 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: ICP
Open Outcry: ICP
Clearing: ICP
Listed Contracts Current year plus the next two calendar years
Termination Of Trading Trading terminates on the last business day of the contract month. Business days are based on the Singapore Public Holiday calendar. If the last business day of the contract month is a Singapore public holiday, the last trade date will be the business day immediately preceding the holiday.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 645
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval Three (3) 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 Iron Ore 62% Fe, CFR North China (Platts) Futures