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Coal (API 2) cif ARA (Argus/McCloskey) Option Contract Specs

    Only option contracts expiring in 2019 are available both as equity- and futures-style margined options. Any contract expiring from 2020 onwards is available as futures-style margined only. See SER-8371 for further details.

Options
Contract Unit 1,000 metric tons
Minimum Price Fluctuation 0.01 per metric ton = $10.00
Price Quotation U.S. dollars and cents per metric ton
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: MTO
CME ClearPort: MTO
Clearing: MTO
Listed Contracts Monthly contracts listed for the current year plus the next 4 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates on the last Friday of the contract month. If such Friday is a UK holiday, trading terminates on the UK business day immediately prior to the last Friday of the contract month unless such day is not an Exchange business day, in which case trading terminates on the Exchange business day immediately prior. Notwithstanding the above, if New Year's Day is a Friday, the immediately preceding December contract month terminates trading on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 927
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European (Exercise only on Expiration)
Settlement Method Financially Settled
Underlying Coal (API2) CIF ARA (ARGUS-McCloskey) Futures