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Chicago Ethanol (Platts) Calendar Spread Option - Two Month Contract Specs

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