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Natural Gas Summer Strip Options Contract Specs

Options
Underlying Futures Henry Hub Natural Gas Last Day Financial Futures (NN)
Product Symbol CME Globex: A4D
CME ClearPort: 4D
Open Outcry: 4D
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 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 7 consecutive underlying futures, (April through October)
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 to the expiration of the first underlying month of the Henry Hub Natural Gas Last Day Financial Futures in the strip.
Listed Contracts CME Clearport and Open Outcry: Nearest 5 April to October strips
CME Globex: 1 consecutive month
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 underlying Henry Hub Natural Gas Las Day Financial Futures (NN)
Position Limits NYMEX Position Limits
Rulebook Chapter 352
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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