Conway Propane (OPIS) Average Price Option - Contract Specs
| Contract Unit | A Conway Propane (OPIS) Average Price call option traded on the Exchange represents the differential between the final settlement price of the underlying Conway Propane (OPIS) Futures less the strike price, or zero, whichever is greater, multiplied by 42,000 gallons. Conway Propane (OPIS) Average Price put option represents the differential between the strike price and the final settlement price of the underlying Conway Propane (OPIS) Futures, or zero, whichever is greater, multiplied by 42,000 gallons. |
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| Minimum Price Fluctuation | $0.00001 per gallon |
| Price Quotation | U.S. dollars and cents per gallon |
| 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: CPR CME ClearPort: CPR Clearing: CPR |
| Listed Contracts | Default Monthly contracts listed for the current year and the next 4 calendar years.Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year. |
| Termination of Trading | Trading terminates on the last business day of the calendar month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes | |
| Strike Prices Strike Price Interval | |
| Exercise Style | Average Price - non-early exercisable option |
| Settlement Method | Financially Settled |
| Underlying | Conway Propane (OPIS) Futures |
