Access Exclusive Insight into the Metals Options Markets

CME Group's education expert, Dave Lerman, looks into the growing liquidity in the Gold and Copper options markets. Take your chance to watch these exclusive insights today.

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Copper Options

COMEX Copper Options are a transparent and flexible tool for hedging and establishing price exposure. Benefit from global price discovery and robust liquidity by trading options on one of our flagship metals futures.

Features

  • Simple and efficient execution directly on competitive live market quotes on Globex
  • Peerless price information from real-time streaming option quotes
  • Dynamic quote responses to spread strategies via RFQs (Request for Quotes)
  • Affordable, transparent exchange fees with margin offset savings
  • Deep underlying futures liquidity

Key Benefits

  • Backed by the safety and security of CME Clearing
  • Available electronically via CME Globex and through block trades via CME ClearPort
  • Growing liquidity and transparent price discovery
  • Flexible market exposure at lower premiums

Contract Unit 25,000 pounds
Minimum Price Fluctuation 0.0005 per pound = $12.50
Price Quotation U.S. dollars and cents per pound
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code CME Globex: HXE
CME ClearPort: HX
Clearing: HX
Listed Contracts Monthly contracts listed for 22 consecutive months
Termination Of Trading Trading terminates at 12:00 Noon CT on the 4th last business days of the month prior to the contract month. If the 4th last business day occurs on a Friday or the day before a holiday, trading terminates on the prior business day.
Position Limits NYMEX Position Limits
Exchange Rulebook COMEX 117
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style American
Settlement Method Deliverable
Underlying Copper Futures

Independent Software Vendor (ISV) Codes

Product Name CME Globex/Clearport Bloomberg Reuters TT CQG Fidessa SunGard Exchange
Copper Futures HG HGA Comdty <GO> 0#1HG: HG CPE HG HG COMEX
Copper Options(Globex) HXE/HX HGA Comdty OMON <GO> 0#HG+ HX CPE HX HX COMEX