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Henry Hub Natural Gas Quadultimate Options Contract Specs

Options
Underlying Futures Henry Hub Natural Gas Futures (NG)
Product Symbol HHQ
Venue CME Globex, CME ClearPort, 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 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT)
Contract Unit A Henry Hub Natural Gas Quadultimate Put (Call) Option traded on the Exchange represents an option to assume a short (long) position in the underlying Henry Hub Natural Gas Futures traded on the Exchange.
Price Quotation U.S. dollars and cents per MMBtu.
Option Style American
Minimum Fluctuation $0.0001 per MMBtu
Expiration of Trading The option contract shall expire three business days prior to the termination of the underlying Natural Gas Futures contract.
Listed Contracts CME ClearPort and Open Outcry: Consecutive months for the balance of the current year plus 12 additional years.
CME Globex: 1 month
Strike Prices Ten strike prices in increments of $0.05 per mmBtu above and below the at-the-money strike price in all months.
Settlement Type Exercise into Futures
Position Limits NYMEX Position Limits
Rulebook Chapter 374
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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