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| Trading Unit |
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| One NYMEX Division PJM monthly electricity futures contract. |
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| Price Quotation |
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| U.S. dollars and cents per megawatt hour. |
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| Trading Hours (All times are New York time) |
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| The contract is available for trading on the NYMEX ClearPort® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, 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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| The current year plus the next five calendar years. A new calendar year will be added following the termination of trading in the December contract of the current year. |
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| Minimum Price Fluctuation |
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| $0.01 (1¢) per megawatt hour. |
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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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| Trading ends two business days prior to the underlying futures month. |
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| Exercise of Options |
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| On the close of business on any business day up to and including expiration day. |
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| Strike Prices |
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| Twenty strike prices in increments of $0.50 (50¢) per megawatt hour above and below the at-the-money strike price, and the next 10 strike prices in increments of $1.00 above the highest and below the lowest existing strike prices for a total of at least 61 strike prices. The at–the–money strike price is nearest to the previous day's close of the underlying futures contract. Strike price boundaries are adjusted according to the futures price movements. |
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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. |
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| Trading Symbol |
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| JO |
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