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PJM Western Hub Real-Time Off-Peak Calendar-Month 50 MW Strip Option Contract Specs

Contract Unit 50 MW
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: 6OO
CME ClearPort: 6OO
Clearing: 6OO
Listed Contracts Annual contracts (January) listed for 3 consecutuve years.
Termination Of Trading Trading terminates on the 2nd to last Friday of the month prior to the first month in the underlying calendar strip.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 758
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 Deliverable
Underlying PJM Western Hub Real-Time Off-Peak Calendar-Month 5 MW Futures