PJM Western Hub Real-Time Peak Calendar-Month 5 MW Options Contract Specs

Contract Unit	5 MW (80 MWh) 5 MW x 16 peak hours = 80 MWh
Minimum Price Fluctuation	0.01 x 5 MW x 16 peak hours x # peak days/month
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: JOA CME ClearPort: JOA Clearing: JOA
Listed Contracts	Monthly contracts listed fos 60 consecutive months
Termination Of Trading	Trading terminates on the 2nd last business day of the month prior to the contract month
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 1177
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 Western Hub Peak Calendar-Month Real-Time LMP Futures

Contract Unit	50 MW
Minimum Price Fluctuation	$0.01 per megawatt hour
Price Quotation	U.S. dollars and cents per megawatt hour
Trading Hours	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code	CME Globex: PMA CME ClearPort: PMA Clearing: PMA
Listed Contracts	Monthly contracts listed for the! current year plus the next 5 calendar years. A new calendar year will be added following the termination of trading in the December contract of the current year.
Termination Of Trading	Trading terminates on the 2nd last business day of the month before the contract month
Exchange Rulebook	NYMEX 1186
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 Western Hub Peak Calendar-Month Real-Time LMP Futures

Contract Unit	5 MW
Minimum Price Fluctuation	$0.01 per megawatt hour
Price Quotation	U.S. dollars and cents per megawatt hour
Trading Hours	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code	CME Globex: 6OA CME ClearPort: 6OA Clearing: 6OA
Listed Contracts	3 one-year strips (January contracts). Add a new strip when the nearby December contract of L1 terminates.
Termination Of Trading	Trading terminates on the 2nd to last Friday of the month prior to the first underlying futures contract. If the second to last Friday is an Exchange holiday, expiration will occur on the business day immediately preceding that day.
Exchange Rulebook	NYMEX 1178
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 Peak Calendar-Month Real-Time LMP Futures

Quick Links

Other Energy Products

Tools

Essentials

Contact Us

Energy@cmegroup.com

Send Us Feedback

Who We Are

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.