Copper Average Price Options Contract Specs

Contract Unit	25,000 lbs
Minimum Price Fluctuation	$0.0001 per pound
Price Quotation	U.S.cents per pound *Please note: Prices are disseminated in U.S. Dollars and Cents*
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: CAP CME ClearPort: CAP Clearing: CAP
Listed Contracts	Monthly contracts listed for 23 consecutive months
Termination Of Trading	Trading terminates on the last business day of the contract month
Position Limits	NYMEX Position Limits
Exchange Rulebook	COMEX 1191
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: Average Price – non-early exercisable option
Settlement Method	Financially Settled
Underlying	Copper Financial Futures

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