Contract Unit 1 futures contract for 29,000 gallons
Minimum Price Fluctuation 0.001 per gallon = $29.00
Price Quotation U.S. dollars and cents per gallon
Trading Hours CME Globex: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Product Code CME Globex: OEH
CME ClearPort: EH
Clearing: EH
Listed Contracts Monthly contracts for 15 consecutive months
Settlement Procedures Receive a futures position for the corresponding month.
Termination Of Trading Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 16A
Price Limit Or Circuit $0.30 per gallon ($8,700 per contract) above or below the previous day's settlement price. Limits are lifted on LTD.
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures $0.05 per gallon (i.e. 1.900, 1.950, 2.000, 2.050, 2.100, etc.)
Exercise Procedure In-the-money options auto-exercise at expiration. Options may exercised until 6:00 p.m. CT on any business day the option is traded.
Settlement Method Deliverable
Underlying Denatured Fuel Ethanol Futures