Mont Belvieu Ethane (OPIS) Average Price Option Contract Specs
| Contract Unit | A Mont Belvieu Ethane (OPIS) Average Price Call Option traded on the Exchange represents the differential between the final settlement price of the underlying Mont Belvieu Ethane (OPIS) Futures less the strike price, or zero, whichever is greater, multiplied by 42,000 gallons. A Mont Belvieu Ethane (OPIS) Average Price Put Option represents the differential between the strike price and the final settlement price of the underlying Mont Belvieu Ethane (OPIS) Futures, or zero, whichever is greater, multiplied by 42,000 gallons. | ||||
| Minimum Price Fluctuation | $0.00001 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: A4JCME ClearPort: 4JClearing: 4J | ||||
| Listed Contracts | Monthly contracts listed for the current year and the next 3 calendar years.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 | Trading terminates on the last business day of the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 410A | ||||
| 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 | Mont Belvieu Ethane (OPIS) Futures | ||||
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