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

Options
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