Certified Emission Reduction (CER) Options

Trading Unit
This European-Style option exercises into the underlying CER 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
December 2008, March 2009, June 2009, September 2009, December 2009, March 2010, June 2010, September 2010, December 2010, December 2011, and December 2012.

Last Trading Day
The CER option contract on the Exchange shall expire at the the close of trading three business days prior to the expiration of the underlying CER Futures Contract.
 
Fees
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Full Contract Specifications
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Trading Symbols  
VG