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PLN/USD Monthly Options Contract Specs

Options
Contract Unit One futures contract for 500,000 Polish zloty
Minimum Price Fluctuation 0.00002 per Polish zloty increment = $10.00
0.00001 per Polish zloty increment = $5.00 when premium is below 0.00010
Price Quotation U.S dollars and cents per Polish zloty increment
Trading Hours CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
CME ClearPort: Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Open Outcry: 7:20 a.m. – 2:00 p.m. CT
Product Code CME Globex: PLZ
CME ClearPort: PZ
Open Outcry: PZ
Clearing: PZ
Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 consecutive quarters and serial contracts listed for 3 consecutive months
Settlement Procedures Option on physical delivery futures contract
Termination Of Trading Trading terminates at 9:00 a.m. CT on the second Friday prior to the the third Wednesday of the contract month.
Position Limits CME Position Limits
Exchange Rulebook CME 268A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Exercise Style European style. Auto-exercised against CME Group FX Fixing Price; no contrary instructions allowed.
In-the-money (ITM) strikes exercised. Out-of-the-money (OTM) strikes abandoned.
An option is ITM if the CME Group FX Fixing Price for the underlying futures contract is equal to or above the strike price in the case of a call or below the strike price in the case of a put.
Settlement Method Deliverable
Underlying Polish Zloty Futures