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Chicago Ethanol (Platts) Average Price Option Contract Specs

Contract Unit 42,000 gallons
Minimum Price Fluctuation CME Globex: 0.00025 per gallon = $10.50
CME ClearPort: 0.00005 per gallon = $2.10
Price Quotation U.S. dollars and cents per gallon
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: CVR
CME ClearPort: CVR
Clearing: CVR
Listed Contracts Monthly contracts listed for 36 consecutive months.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 422
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 Financially Settled
Underlying Chicago Ethanol (Platts) Futures