Aluminum Option - Contract Specs
| Contract Unit | 25 Metric Tons |
|---|---|
| Minimum Price Fluctuation | 0.25 per metric ton = $6.25 |
| Price Quotation | U.S. dollars and cents per metric ton |
| Trading Hours | Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) |
| Product Code | CME Globex: AX CME ClearPort: AX Clearing: AX |
| Listed Contracts | Monthly contracts listed for 12 consecutive months |
| Termination of Trading | Trading terminates at the Settlement Time of the underlying futures on the 4th last business day 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 | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| Exercise Style | American |
| Settlement Method | Deliverable |
| Underlying | Aluminum Futures |
