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Natural Gas Option on Winter Futures Strip Options
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Type
 
Natural Gas Option on Winter Futures Strip
Underlying Futures Henry Hub Natural Gas Swap Futures (NN)
Product Symbol 6I
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 5 consecutive underlying futures, (November through March)
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 November to March strips
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 353
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.