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Houston Ship Channel Natural Gas (Platts IFERC) Pipe Option Contract Specs

Options
Contract Unit On expiration of a call option, the value will be the difference between the mathematical sum of the settlement prices for the underlying Houston Ship Channel Basis (Platts IFERC) Futures and Henry Hub Natural Gas Futures and the strike price multiplied by 2,500 MMBtu, or zero, whichever is greater. On expiration of a put option, the value will be the difference between the strike price and the sum of the settlement prices for the underlying Houston Ship Channel Basis (Platts IFERC) Futures and Henry Hub Natural Gas Futures multiplied by 2,500 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. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 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)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code CME Globex: APK
CME ClearPort: PK
Open Outcry: PK
Clearing: PK
Listed Contracts Monthly contracts listed for 72 consecutive months.
Termination Of Trading Trading ends on the termination day of the underlying basis future.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 518A
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing Procedures Table.
Exercise Style European
Settlement Method Financially Settled
Underlying Houston Ship Channel Natural Gas (Platts IFERC) Fixed Price Futures