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Freight Route TC2 (Baltic) Average Price Option Contract Specs

Options
Contract Unit 1,000 metric tons
Minimum Price Fluctuation 0.0001 per metric ton = $0.10
Price Quotation U.S. dollars and cents per metric ton
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: TCW
CME ClearPort: TCW
Clearing: TCW
Listed Contracts Monthly contracts listed for the current year and next calendar year. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Termination Of Trading For contract months January to November inclusive: Trading terminates on the last business day of the calendar month.
For December contract months: Trading terminates on the 24th calendar day of the month, or if this is not a business day, the first preceding business day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 947
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 Freight Route TC2 (Baltic) Futures