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PJM Western Hub Real-Time Peak 5 MW Calendar Strip Option Contract Specs

Contract Unit 80 MWh per peak day in the calendar year
Exercises into a calendar strip of L1 futures 
Minimum Price Fluctuation 0.01 x 5 MW x 16 peak hours x # peak days/year
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: 6OA
CME ClearPort: 6OA
Clearing: 6OA
Listed Contracts Calendar strips listed for 3 consecutive years. List a new calendar strip following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates on the 2nd last Friday of the month prior to the first leg of the strip. If the 2nd last Friday is not a business day, trading terminates on the prior business 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