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Natural Gas Option on Calendar Futures Strip Options
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Type
 
Natural Gas Option on Calendar Futures Strip
Underlying Futures Henry Hub Natural Gas Swap Futures (NN)
Product Symbol 6J
Venue CME ClearPort, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 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 12 consecutive underlying futures, (January through December).
Price Quotation U.S. dollars and cents per mmBtu.
Option Style European (Exercise only on Expiration)
Minimum Fluctuation $0.0001 per MMBtu
Expiration of Trading 3 business days prior ("quadultimate") to the expiration of the first underlying month of the Henry Hub Natural Gas Swap Futures in the strip.
Listed Contracts Nearest 5 calendar years
Strike Prices Twenty strike prices in increments of $0.0500 per MMBtu above and below the at-the-money strike price, for a total of at least 41 strike prices.  Strike price boundaries are adjusted according to price movements of underlying futures contract.
Settlement Type Exercise into Futures
Position Limits NYMEX Position Limits
Rulebook Chapter 351
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.