European Jet Kerosene Cargoes CIF NWE (Platts) Average Price Option Contract Specs
| Contract Unit | A long call option will be financially settled on expiration day by the settlement price for the underlying calendar less the strike price multiplied by 1,000 metric tons, or zero, whichever is greater. A long put option will be financially settled on expiration day by the strike price less the settlement price of the underlying calendar multiplied by 1,000 metric tons, or zero, whichever is greater. | ||||
| Minimum Price Fluctuation | $0.01 per metric ton | ||||
| 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: A30CME ClearPort: 30Clearing: 30 | ||||
| Listed Contracts | Monthly contracts listed for 36 consecutive months. | ||||
| Termination Of Trading | Trading terminates on the last business day of the underlying calendar month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 651A | ||||
| 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 | European Jet Kerosene Cargoes CIF NWE (Platts) Futures | ||||
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