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Henry Hub Natural Gas Financial Calendar Spread Options - Four Month Contract Specs

Options
Contract Unit 10,000 MMBtu
Minimum Price Fluctuation $0.001 per MMBtu
Price Quotation U.S. Dollars and Cents per MMBtu.
Trading Hours 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: G10
CME ClearPort: G10
Clearing: G10
Listed Contracts 4- Month Spreads listed for 36 consecutive months
Termination Of Trading Trading terminates 1 business day immediately preceding the expiration of the first expiring Henry Hub Natural Gas Futures (NG) leg in the spread.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 399
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlement Method Financially Settled

About Natural Gas

Henry Hub Natural Gas (NG) Futures allow market participants significant hedging activity to manage risk in the highly volatile natural gas price, which is driven by weather-related demand. They also provide efficient transactions in and out of positions. Natural gas futures are:

  • The third-largest physical commodity futures contract in the world by volume
  • Widely used as a national benchmark price for natural gas, which continues to grow as a global and U.S. energy source
  • An independent, stand-alone commodity

Things to know about the contracts:

  • Natural gas futures prices are based on delivery at the Henry Hub in Louisiana.
  • Traded electronically on CME Globex and off-exchange for clearing only as an EFS, EFP or block trade through CME ClearPort.
  • Options types include American, calendar spread, European and daily.

Read more about Henry Hub Natural Gas (NG) Futures