PJM WESTERN HUB REAL-TIME OFF-PEAK CALENDAR-MONTH 50 MW STRIP OPTION - CONTRACT SPECS

Options
Contract Unit 50 MW
Clears in multiples of the number of off-peak hours in the calendar strip
Minimum Price Fluctuation 0.01 x 50  MW x # off-peak hours/calendar strip = ~$2,286.00 - $2,348.00
Price Quotation U.S. dollars and cents per MWh
Trading Hours CME Globex: 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)
CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday 4:00 p.m. – 5:00 p.m. CT
Product Code CME Globex: 6OO
CME ClearPort: 6OO
Clearing: 6OO
Listed Contracts Annual contracts (Jan) 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