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

Options
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.
Minimum Price Fluctuation $0.0001 per MMBtu
Price Quotation U.S. dollars and cents per mmBtu.
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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. New York time/ET (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 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
Product Code CME Globex: AE7
CME ClearPort: E7
Open Outcry: E7
Clearing: E7
Listed Contracts CME Globex: 1 consecutive month
CME Clearport and Open Outcry: Consecutive months for the balance of the current year plus five additional years.
Termination Of Trading The expiration date is the same business day as the underlying Natural Gas Futures contract.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 375
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval 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.
Exercise Style European
Settlement Method Financially Settled