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PJM AEP Dayton Hub Peak 50 MW Calendar-Month LMP Option Contract Specs

Contract Unit 50 MW (800 MWh)
50 MW x 16 peak hours = 800 MWh
Clears in multiples of the number of peak days in the strip of contract months.
Minimum Price Fluctuation 0.01 x 50 MW x 16 peak hours x # peak days/strip of months
Price Quotation U.S. dollars and cents per MWh
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: AJI
CME ClearPort: PJP
Clearing: PJP
Listed Contracts Annual contracts (January) listed for 1 year
Termination Of Trading Trading terminates on the 2nd last Friday of the month prior to the first leg in the underlying strip. If the second last Friday is not a business day, trading terminates on the prior business day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1183
Block Minimum Block Minimun 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 PJM AEP Dayton Hub 5MW Peak Calendar-Month Real-Time LMP Futures