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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.