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Coal (API 4) fob Richards Bay (Argus/McCloskey) Short Dated Calendar Option Contract Specs

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: MFY
CME ClearPort: MFY
Clearing: MFY
Listed Contracts Annual contracts (January) listed for 2 consecutive years
Termination Of Trading Trading terminates 30 calendar days prior to the first calendar day of the first month in the strip at 12:30 pm London Time. If such day is not a UK business day, trading terminates on the preceding UK business day.

Options are auto-exercised by the Exchange with reference to intraday prices published by the London Energy Brokers’ Association ('LEBA') on the expiration day. Traders may submit contra-instructions up to 2:30 pm London time.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1114
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
Settlement Method Deliverable
Underlying Coal (API4) FOB Richards Bay (ARGUS-McCloskey) Futures