Copper Weekly Options Contract Specs

Contract Unit	One COMEX Copper futures contract
Minimum Price Fluctuation	$0.0005 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: HXE CME ClearPort: HX Clearing: HX
Listed Contracts	Monthly contracts listed for 22 consecutive months.
Termination Of Trading	Trading terminates 4 business days prior to the end of the month preceding the option contract month at 1:00 p.m. (12:00 p.m. CT). If the expiration day falls on a Friday or immediately prior to an Exchange holiday, expiration will occur on the previous business day.
Position Limits	NYMEX Position Limits
Exchange Rulebook	COMEX 117
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	American
Settlement Method	Deliverable
Underlying	Copper Futures

Contract Unit	25,000 pounds
Minimum Price Fluctuation	0.0005 per pound = $12.50
Price Quotation	U.S. dollars and cents per pound
Trading Hours	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code	CME Globex: H1E,H2E,H3E,H4E,H5E CME ClearPort: H1E,H2E,H3E,H4E,H5E Clearing: H1E,H2E,H3E,H4E,H5E
Listed Contracts	Weekly contracts listed for 4 consecutive weeks. No weekly contract listed for the week of the monthly option expiration.
Termination Of Trading	Trading terminates on Friday of the contract week. If Friday is not a business day, trading terminates on the first business day prior to Friday.
Position Limits	NYMEX Position Limits
Exchange Rulebook	COMEX 1010
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	American
Settlement Method	Deliverable
Underlying	Copper Futures

About Copper

Copper futures are hedging tools that offer copper price mitigation opportunities to a range of market participants. They also provide global price discovery and opportunities for portfolio diversification, as well as:

Extensive trading opportunities, as copper prices are sensitive to cyclical industries, such as construction and industrial machinery manufacturing, as well as to political situations in countries where copper mining is government-controlled
The benefits of central clearing, including guaranteed counterparty credit and segregation of customer funds
Copper price transparency, giving all market participants equal access while maintaining anonymity in all bids and offers

Things to know about the contracts:

Physically delivered
Block-trade eligible
Can be traded off-exchange for clearing only through CME ClearPort

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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.