Trading Unit
One
COMEX Division aluminum futures contract.
Price Quotation
U.S. cents per pound.
Trading
Hours (All times are New York time)
Open outcry trading is conducted
from 7:50 AM until 1:15 PM.
Trading Months
Three consecutive months.
Minimum
Price Fluctuation
$0.0005 (0.05¢) per pound ($22.00 per contract).
Maximum Daily Price Fluctuation
No price limits.
Last Trading Day
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.
Exercise of Options
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.
Strike
Prices
A minimum of 13 strike prices, in increments
of $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.
Margin Requirements
Margins
are required for open short options positions. The margin requirement for an options purchaser will never exceed the premium
paid.
Trading Symbol
OA
