Copper options

Access to the liquidity you need to manage your exposure

Whether you want to trade around market events or hedge industrial metals exposure, COMEX HX Copper options have the liquidity to execute your strategies.

The contract offers offers simple and efficient execution directly on competitive live market quotes on CME Globex.  Access peerless price information from real-time streaming option quotes, dynamic quote responses to spread strategies via RFQs (Request for Quotes), and affordable, transparent exchange fees with margin offset savings.

Why trade HX Copper options?

Enjoy rapidly growing liquidity in all global time zones.

.

See live prices at any time to help inform your strategies and allow you to act quickly on opportunities.

No matter where you are in the world, get access to trade HX Copper options nearly 24 hours a day, 5 five days a week.

Identify and instantly execute on pricing disparities with SHFE Copper contracts with ease.

May Copper Option Update: Copper options trading at an all-time high

In this update we look at why Copper is a strong indicator of global economic recovery as infrastructure spending and consumption rises, how the marketplace is now expressing views through options more frequently, and the trading of options spreads has been on the rise.

Read more

Uncovering Copper Option Liquidity via RFQ

A Request for Quote (RFQ) is an electronic notification sent anonymously to all CME Globex users, expressing interest in a specific strategy or instrument. While it is possible to execute most strategies using outright options in any time zone, using the Request for Quote (RFQ) feature within CME Globex can sometimes achieve more competitive quotes.

Read more

Traders Edge

Dave Lerman, Director of Education discusses copper options’ fundamentals, implied volatility, strike prices, and more.

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: HXE
CME ClearPort: HX
Clearing: HX
LISTED CONTRACTS Monthly contracts listed for 22 consecutive months
TERMINATION OF TRADING Trading terminates at 12:00 Noon CT on the 4th last business days of the month prior to the contract month. If the 4th last business day occurs on a Friday or the day before a holiday, trading terminates on the prior business day.
POSITION LIMITS COMEX 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

View the product slate

Clearing CME Globex Floor CME ClearPort Product Name Subgroup Exchange Volume Open Interest
HX HXE - HX Copper Option Base COMEX 3,033 66,499
H3E H3E - H3E Copper Weekly Options - Week 3 Base COMEX 0 0
H1E H1E - H1E Copper Weekly Options - Week 1 Base COMEX 0 0
H2E H2E - H2E Copper Weekly Options - Week 2 Base COMEX 0 0
H4E H4E - H4E Copper Weekly Options - Week 4 Base COMEX 0 0
H5E H5E - H5E Copper Weekly Options - Week 5 Base COMEX 0 0
Trade Date: 30 Jul 2021 | PRELIMINARY

Independent Software Vendor (ISV) Codes

Product Name CME Globex/Clearport Bloomberg Reuters TT CQG Fidessa SunGard Exchange
Copper Futures HG HGA Comdty <GO> 0#1HG: HG CPE HG HG COMEX
Copper Options(Globex) HXE/HX HGA Comdty OMON <GO> 0#HG+ HX CPE HX HX COMEX

Contact us