With futures-style Coal options on NYMEX, you can trade the Coal options you know on the marketplace you trust.
| Clearing | Globex | ClearPort | Product Name | Cleared As | Volume | Open Interest |
|---|---|---|---|---|---|---|
| F2C | F2C | F2C | Coal (API 2) cif ARA (Argus/McCloskey) Future-Style Margined Option on Calendar Futures Strips | Options | 0 | 0 |
| F4C | F4C | F4C | Coal (API 4) fob Richards Bay (Argus/McCloskey) Future-Style Margined Option on Calendar Futures Strips | Options | 0 | 0 |
| F2Q | F2Q | F2Q | Coal (API 2) cif ARA (Argus/McCloskey) Future-Style Margined Option on Quarterly Futures Strips | Options | 0 | 0 |
| F4Q | F4Q | F4Q | Coal (API 4) fob Richards Bay (Argus/McCloskey) Future-Style Margined Option on Quarterly Futures Strips | Options | 0 | 0 |
SER-7935 - Initial Listing of Four (4) Coal Option Contracts with Future-Style Margining (PDF)
SER- 8371 - Delisting of Four (4) Coal Option Contracts (PDF)
Exercise Process
| Option Ceases Trading | 12:30 p.m. London Time Trading terminates 30 calendar days prior to the first calendar day of the Contract Month. If such day is not a UK business day, trading terminates on the first preceding UK business day. |
7:30 a.m. Eastern Time (ET) |
| Auto-exercise Prices | Around 1:00 p.m. London Time The Intraday prices provided by the London Energy Brokers’ Association (‘LEBA’) are received. Those prices are used in the auto-exercise process. |
8:00 a.m. ET |
| Contra Instructions | 2:30 p.m. London Time Contra-instructions can be submitted to your Clearer up to 2:30 p.m. |
9:30 a.m. ET |
| Exercise / Assignment process | 2:30 p.m. London Time All options are exercised/ assigned based upon the LEBA intraday prices and any contra-instructions received. All options that are “In-the-money” are auto-exercised (considering any contra-instructions). The CME Positions and Expiration Report is made available. View a list of contrary instructions. |
9:30 a.m. ET |
| Clearing | Globex | ClearPort | Product Name | Cleared As | Volume | Open Interest |
|---|
NB: 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.
SER- 8371 - Delisting of Four (4) Coal Option Contracts (PDF)
Exercise Process
| Option Ceases Trading | 12:30 p.m. London Time Trading terminates 30 calendar days prior to the first calendar day of the Contract Month. If such day is not a UK business day, trading terminates on the first preceding UK business day. |
7:30 a.m. Eastern Time (ET) |
| Auto-exercise Prices | Around 1:00 p.m. London Time The Intraday prices provided by the London Energy Brokers’ Association (‘LEBA’) are received. Those prices are used in the auto-exercise process. |
8:00 a.m. ET |
| Contra Instructions | 2:30 p.m. London Time Contra-instructions can be submitted to your Clearer up to 2:30 p.m. |
9:30 a.m. ET |
| Exercise / Assignment process | 2:30 p.m. London Time All options are exercised/ assigned based upon the LEBA intraday prices and any contra-instructions received. All options that are “In-the-money” are auto-exercised (considering any contra-instructions). The CME Positions and Expiration Report is made available. View a list of contrary instructions. |
9:30 a.m. ET |
Resources
© 2019 CME Group Inc. All rights reserved.