Chicago Ethanol (Platts) Average Price Options Contract Specs

Contract Unit	U.S. dollars and cents per Gallon.
Minimum Price Fluctuation	$0.0001 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: CE1 CME ClearPort: CE1 Clearing: CE1
Listed Contracts	Monthly contracts listed for 34 consecutive months.
Termination Of Trading	DefaultTrading 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	$0.0001 per Gallon
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: CE2 CME ClearPort: CE2 Clearing: CE2
Listed Contracts	Monthly contracts listed for 10 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	$0.0001 per Gallon
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	$0.0001 per Gallon
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	A call option represents the differential between the final settlement price of the underlying futures less the strike price, or zero, whichever is greater, multiplied by 42,000 gallons. A put option represents the differential between the strike price and the final settlement price of the underlying futures, or zero, whichever is greater, multiplied by 42,000 gallons.
Minimum Price Fluctuation	$0.0001 per gallon
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: 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	Average Price – non-early exercisable option
Settlement Method	Financially Settled
Underlying	Chicago Ethanol (Platts) Futures

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