Chicago Ethanol (Platts) Average Price Option Contract Specs

Contract Unit	U.S. dollars and cents per Gallon.
Minimum Price Fluctuation	CME ClearPort and Open Outcry:	0.00005 per gallon = $2.10
	CME Globex:	0.00025 per gallon = $10.50
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: CE1 CME ClearPort: CE1 Clearing: CE1
Listed Contracts	Monthly contracts listed for 34 consecutive months.
Termination Of Trading	Trading terminates on the last business day of the month immediately preceding the first expiring underlying futures contract month in the spread.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 420
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	Deliverable

Contract Unit	42,000 gallons
Minimum Price Fluctuation	CME ClearPort and Open Outcry:	0.00005 per gallon = $2.10
	CME Globex:	0.00025 per gallon = $10.50
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: CE2 CME ClearPort: CE2 Clearing: CE2
Listed Contracts	2-month spreads listed for 10 consecutive months
Termination Of Trading	Trading terminates on the last business day of the month prior to the termination of trading in the first leg of the underlying spread.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 420
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	Deliverable

Contract Unit	42,000 Gallons
Minimum Price Fluctuation	CME ClearPort and Open Outcry:	0.00005 per gallon = $2.10
	CME Globex:	0.00025 per gallon = $10.50
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. 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: CE3 CME ClearPort: CE3 Clearing: CE3
Listed Contracts	Monthly contracts listed for 9 consecutive months.
Termination Of Trading	Trading terminates at the close of trading on the last business day of the month immediately preceding the first expiring underlying futures contract month in the spread.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 420
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	Deliverable

Contract Unit	42,000 Gallons
Minimum Price Fluctuation	CME ClearPort and Open Outcry:	0.00005 per gallon = $2.10
	CME Globex:	0.00025 per gallon = $10.50
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. 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: CE6 CME ClearPort: CE6 Clearing: CE6
Listed Contracts	Monthly contracts listed for 7 consecutive months.
Termination Of Trading	Trading terminates on the last business day of the month immediately preceding the first expiring underlying futures contract month in the spread.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 420
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	Deliverable

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

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