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U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Average Price Option Contract Specs

Contract Unit 20 short tons
Minimum Price Fluctuation 0.25 per short ton = $5.00
Price Quotation U.S. dollars and cents per short ton
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 Clearing: HRO
Listed Contracts Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates on the business day prior to the last Wednesday of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1095
Block Minimum Block Minimum Thresholds
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 U.S. Midwest Domestic Hot-Rolled Coil Steel (CRU) Index Futures