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Aluminum MW U.S. Transaction Premium Platts (25MT) Average Price Option Contract Specs

Contract Unit 55,116 pounds
Minimum Price Fluctuation 0.00001 per pound = $0.55116
Price Quotation U.S. dollars and cents per pound
Trading Hours 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)
Product Code CME Globex: ALO
CME ClearPort: ALO
Clearing: ALO
Listed Contracts Monthly contracts listed for 60 consecutive months.Add new contract month after nearby expiry.
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits COMEX Position Limits
Exchange Rulebook COMEX 1144
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlement Method Financially Settled
Underlying Aluminum MW U.S. Transaction Premium Platts (25MT) Futures