Asset Class Navigation

Natural Gas (Henry Hub) Last-day Financial Options Contract Specs

Options
Underlying Futures Henry Hub Natural Gas Look-Alike Futures (HH)
Product Symbol CME Globex: AE7
CME ClearPort: E7
Open Outcry: E7
Venue CME Globex, CME ClearPort and Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit A Henry Hub Natural Gas Last Day Financial Put Option traded on the Exchange represents the cash difference between the strike price and the settlement price of the underlying Henry Hub Natural Gas Futures multiplied by 10,000 MMBtu, or zero, whichever is greater. A Henry Hub Natural Gas Last Day Call Option traded on the Exchange represents the cash difference between the settlement price of the underlying Henry Hub Natural Gas Futures and the strike price multiplied by 10,000 MMBtu, or zero, whichever is greater.
Price Quotation U.S. dollars and cents per mmBtu.
Option Style European
Minimum Fluctuation $0.0001 per MMBtu
Expiration of Trading The expiration date is the same business day as the underlying Natural Gas Futures contract.
Listed Contracts CME Clearport and Open Outcry: Consecutive months for the balance of the current year plus five additional years.
CME Globex: 1 consecutive month
Strike Prices One at-the-money strike price and ten strike prices in increments of $0.01 per MMBtu above and below the at-the-money strike price for a total of at least 21 strike prices. Strike price boundaries are adjusted according to futures price movements.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 375
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

Idea Exchange

Idea Exchange is your direct link to the product managers, marketers, and the development teams who create cmegroup.com and will allow you to review functionality, participate in focus and provide feedback on upcoming Web initiatives

Idea Exchange - Join Our User Focus Program

Contact Us

CME Group/Chicago HQ:
Local: +1 312 930 1000
Toll Free: +1 866 716 7274

Global Customer Contacts

More CME Group Direct Lines
Phone list by department

Global Partnerships

Global

Global Offices Contact Information

 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo Beijing

© 2014 CME Group Inc. All rights reserved.

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.