PJM WEST HUB 50 MW SAME DAY OPTION - CONTRACT SPECS

Options
Contract Unit 50 MW x 16 peak hours = 800 MWh
Minimum Price Fluctuation 0.01 x 50 MW x 16 peak hours = $8.00
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: Z01
CME ClearPort: J01
Clearing: J01
Listed Contracts 1 day
Termination Of Trading The contract date coincides with the product code (J01-J31). For Example, J25 indicates a contract of the 25th calendar day of a month. Trading terminates on the referenced contract date.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1069
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 Financially Settled
Underlying SYNTHETIC PJM DAILY