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.
Enjoy rapidly growing liquidity in all global time zones.
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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.
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.
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.
Copper Options
View Quotes| 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 |
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| 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 | ||||
| Clearing | CME Globex | Floor | CME ClearPort | Product Name | Subgroup | Exchange | Volume | Open Interest |
|---|---|---|---|---|---|---|---|---|
| HX | HXE | - | HX | Copper Option | Base | COMEX | 4,178 | 155,659 |
| H1E | H1E | - | H1E | Copper Weekly Friday Option - Week 1 | Base | COMEX | 8 | 36 |
| H2E | H2E | - | H2E | Copper Weekly Friday Option - Week 2 | Base | COMEX | 0 | 25 |
| H4E | H4E | - | H4E | Copper Weekly Friday Option - Week 4 | Base | COMEX | 6 | 23 |
| H3E | H3E | - | H3E | Copper Weekly Friday Option - Week 3 | Base | COMEX | 26 | 0 |
| H5E | H5E | - | H5E | Copper Weekly Friday Option - Week 5 | Base | COMEX | 0 | 0 |
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