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Copper Weekly Options Contract Specs

Options
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 if it would expire the business day after the expiration of the monthly option.
Termination Of Trading Trading terminates on Friday of the contract week. If Friday is not a business day, trading terminates on the prior business day.
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
Clearing Globex Floor ClearPort Product Name Exchange Product Group Subgroup Category Subcategory Cleared As Volume Open Interest
ED GE CE / PE ED Eurodollar Options CME Interest Rate Stirs - - Options 604,452 37,126,717
ED GE - ED Eurodollar Futures CME Interest Rate Stirs - - Futures 1,543,478 10,961,540
E0 GE0 E0 E0 Eurodollar 1yr MC Options CME Interest Rate Stirs - - Options 111,424 5,370,289
25 ZF - 25 5-Year T-Note Futures CBOT Interest Rate US Treasury - - Futures 717,577 4,289,129
21 OZN TC / TP 21 10-Year T-Note Options CBOT Interest Rate US Treasury - - Options 947,500 4,041,964
21 ZN - 21 10-Year T-Note Futures CBOT Interest Rate US Treasury - - Futures 1,394,071 3,700,644
26 ZT - 26 2-Year T-Note Futures CBOT Interest Rate US Treasury - - Futures 436,957 3,642,368
ES ES - ES E-mini S&P 500 Futures CME Equities US Index - - Futures 1,313,618 2,751,451
CL CL - CL Crude Oil Futures NYMEX Energy Crude Oil - Outrights Futures 801,086 2,148,946
LN LNE - LN Natural Gas Option (European) NYMEX Energy Natural Gas - Outrights Options 170,257 2,081,418
Trade Date: 17 Jan 2020 | FINAL

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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