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PJM Northern Illinois Hub Peak 50 MW Calendar-Month LMP Option Contract Specs

Options
Contract Unit 1 option exercises into 10 lots of PJM Northern Illinois Hub Real-Time Peak Calendar-Month 5 MW Futures
Minimum Price Fluctuation $0.01 per megawatt hour
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: AJN
CME ClearPort: PJN
Clearing: PJN
Listed Contracts Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates the second last business day of the month prior to the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1182
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style American
Settlement Method Deliverable
Underlying PJM Northern Illinois Hub 5 MW Peak Calendar-Month Real-Time LMP Futures