Coal Options

With futures-style Coal options on NYMEX, you can trade the Coal options you know on the marketplace you trust.

Futures-Style Margin

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

Equity-Style Margin

Clearing Globex ClearPort Product Name Cleared As Volume Open Interest
CLA CLB CLA Coal (API 2) cif ARA (Argus/McCloskey) Calendar Option Options 0 330
CQA CQA CQA Coal (API 2) cif ARA (Argus/McCloskey) Quarterly Option Options 0 150
RQA RQA RQA Coal (API 4) fob Richards Bay (Argus/McCloskey) Quarterly Option Options 0 0
RLA RLA RLA Coal (API 4) fob Richards Bay (Argus/McCloskey) Calendar Option Options 0 0
Trade Date: 19 Aug 2019 | FINAL

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-7952 - Amendments to Option Exercise and Termination of Trading Rules of Six (6) Coal Option Contracts

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

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