European Union Allowance (EUA) Options

Trading Unit
This European-Style option exercises into the underlying EUA Futures Contract
 
Price Quotation
Euros and Euro cents.
 
Strike Price Intervals
Ten strike prices in increments of €0.50 (50¢) per metric ton per above and below the at-the-money strike price. Strike price boundaries are adjusted according to futures price movements.
 
Minimum Price Fluctuation
€0.01 (1¢) per metric ton (€10.00 per contract).
 
Trading Hours
Open outcry trading is conducted from 9:00 AM to 2:30 PM
Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as EOO transactions until 5:15 PM, Monday through Friday, and the day preceding a holiday.

Trading Months
Beginning with December 2008, the last month of each quarter cycle is listed for two consecutive years, followed by the December contract month for the next two years

Last Trading Day
Trading expires at the close of trading three business days prior to the expiration of the underlying EUA futures contract. The expiration date shall be announced prior to the listing of the option contract.
 
Fees
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Full Contract Specifications
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Trading Symbols  
AV