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| Trading Unit |
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| One COMEX Division copper futures contract. |
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| Price Quotation |
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| U.S. cents per pound. |
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| Trading Hours (All times are New York time) |
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Open outcry trading is conducted from 8:10 AM until 1:00 PM.
Electronic trading is conducted via the CME Globex® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, Eastern Time, with a 45-minute break each day between 5:15 PM and 6:00 PM. Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday. |
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| Trading Months |
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| Options are listed for trading in each of the nearest 22 futures contract months. The options are American-style and can be exercised at any time up to expiration. |
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| Minimum Price Fluctuation |
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| Price changes are registered in multiples of five one-hundredths of one cent (0.05¢ or $0.0005) per pound, equivalent to $12.50 per contract. A fluctuation of one cent (1¢ or $0.01) is equivalent to $250 per contract. |
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| Maximum Daily Price Fluctuation |
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| No price limits. |
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| Last Trading Day |
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| Expiration occurs on the fourth business day prior to the underlying futures delivery month. If the expiration day falls on a Friday or immediately prior to an Exchange holiday, expiration will occur on the previous business day. |
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| Exercise of Options |
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| Until one hour after the contract market close, New York time, on any business day for which the options contract is listed for trading. On expiration day, the buyer has until 4:30 PM, New York time, to exercise an options contract. |
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| Strike Prices |
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| $0.01 (1¢) per pound apart for strike prices below $0.40 (40¢), $0.02 (2¢) per pound apart for strike prices between $0.40 (40¢) and $1.20, and $0.05 (5¢) per pound apart for strike prices above $1.20. |
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| Margin Requirements |
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| Margins are required for open short options positions. The margin requirement for an options purchaser will never exceed the premium paid. |
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| Trading Symbol |
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| HX |
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