ON vs. LN User-Defined Spreads coming to CME Globex

Effective Sunday, August 16 (trade date Monday, August 17), CME Group is launching an enhancement to User-Defined Spreads (UDS) functionality to support the Henry Hub Natural Gas options complex on CME Globex.

With this launch, you will be able to create and trade spreads between American- and European-style options.

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Henry Hub Natural Gas Volume

Month Volume Deliveries Open Interest
Venue Detail Trade Type Detail At Close Change
Globex Open Outcry PNT / ClearPort Total Volume Block Trades EFP EFR EFS TAS
SEP 15 0 0 0 0 0 0 0 0 0 0 0 0
OCT 15 85,154 17 2,564 87,735 850 1,714 0 0 4,388 0 236,877 3,796
NOV 15 25,722 0 100 25,822 100 0 0 0 1,311 0 182,204 889
DEC 15 17,379 0 78 17,457 78 0 0 0 1,691 0 80,747 2,420
JAN 16 16,931 0 100 17,031 100 0 0 0 394 0 117,514 951
FEB 16 3,917 0 0 3,917 0 0 0 0 0 0 22,773 314
MAR 16 7,916 0 100 8,016 100 0 0 0 0 0 63,371 570
APR 16 6,478 0 0 6,478 0 0 0 0 0 0 56,526 164
MAY 16 1,354 0 0 1,354 0 0 0 0 0 0 21,350 -171
JUN 16 590 0 0 590 0 0 0 0 0 0 17,494 -27
JUL 16 1,059 0 0 1,059 0 0 0 0 0 0 15,413 -195
AUG 16 1,181 0 0 1,181 0 0 0 0 0 0 17,582 679
SEP 16 501 0 0 501 0 0 0 0 0 0 8,017 89
OCT 16 2,010 0 0 2,010 0 0 0 0 0 0 19,823 -141
NOV 16 416 0 0 416 0 0 0 0 0 0 5,880 -2
DEC 16 319 0 0 319 0 0 0 0 0 0 8,328 22
JAN 17 316 0 0 316 0 0 0 0 0 0 10,042 30
FEB 17 47 0 0 47 0 0 0 0 0 0 3,006 23
MAR 17 204 0 0 204 0 0 0 0 0 0 6,017 42
APR 17 89 0 0 89 0 0 0 0 0 0 5,797 58
MAY 17 0 0 0 0 0 0 0 0 0 0 2,308 0
JUN 17 16 0 0 16 0 0 0 0 0 0 1,917 -1
JUL 17 28 0 0 28 0 0 0 0 0 0 1,402 -6
AUG 17 14 0 0 14 0 0 0 0 0 0 1,516 -9
SEP 17 2 0 0 2 0 0 0 0 0 0 1,556 0
OCT 17 482 0 0 482 0 0 0 0 0 0 1,846 375
NOV 17 471 0 0 471 0 0 0 0 0 0 1,723 361
DEC 17 3 0 0 3 0 0 0 0 0 0 3,152 1
JAN 18 0 0 0 0 0 0 0 0 0 0 1,097 0
FEB 18 0 0 0 0 0 0 0 0 0 0 628 0
MAR 18 0 0 0 0 0 0 0 0 0 0 456 0
APR 18 1 0 0 1 0 0 0 0 0 0 403 0
MAY 18 0 0 0 0 0 0 0 0 0 0 345 0
JUN 18 0 0 0 0 0 0 0 0 0 0 443 0
JUL 18 0 0 0 0 0 0 0 0 0 0 375 0
AUG 18 0 0 0 0 0 0 0 0 0 0 317 0
SEP 18 0 0 0 0 0 0 0 0 0 0 312 0
OCT 18 1 0 0 1 0 0 0 0 0 0 524 0
NOV 18 0 0 0 0 0 0 0 0 0 0 274 0
DEC 18 1 0 0 1 0 0 0 0 0 0 1,155 1
JAN 19 0 0 0 0 0 0 0 0 0 0 677 0
FEB 19 0 0 0 0 0 0 0 0 0 0 378 0
MAR 19 0 0 0 0 0 0 0 0 0 0 379 0
APR 19 0 0 0 0 0 0 0 0 0 0 469 0
MAY 19 0 0 0 0 0 0 0 0 0 0 357 0
JUN 19 0 0 0 0 0 0 0 0 0 0 308 0
JUL 19 0 0 0 0 0 0 0 0 0 0 342 0
AUG 19 0 0 0 0 0 0 0 0 0 0 427 0
SEP 19 0 0 0 0 0 0 0 0 0 0 318 0
OCT 19 0 0 0 0 0 0 0 0 0 0 477 0
NOV 19 1 0 0 1 0 0 0 0 0 0 309 0
DEC 19 0 0 0 0 0 0 0 0 0 0 339 0
JAN 20 0 0 0 0 0 0 0 0 0 0 106 0
FEB 20 0 0 0 0 0 0 0 0 0 0 5 0
MAR 20 0 0 0 0 0 0 0 0 0 0 12 0
APR 20 0 0 0 0 0 0 0 0 0 0 72 0
MAY 20 0 0 0 0 0 0 0 0 0 0 22 0
JUN 20 1 0 0 1 0 0 0 0 0 0 19 0
JUL 20 0 0 0 0 0 0 0 0 0 0 64 0
AUG 20 0 0 0 0 0 0 0 0 0 0 11 0
SEP 20 0 0 0 0 0 0 0 0 0 0 12 0
OCT 20 0 0 0 0 0 0 0 0 0 0 3 0
NOV 20 0 0 0 0 0 0 0 0 0 0 2 0
DEC 20 0 0 0 0 0 0 0 0 0 0 228 0
JAN 21 0 0 0 0 0 0 0 0 0 0 30 0
FEB 21 0 0 0 0 0 0 0 0 0 0 30 0
MAR 21 0 0 0 0 0 0 0 0 0 0 30 0
APR 21 0 0 0 0 0 0 0 0 0 0 30 0
MAY 21 0 0 0 0 0 0 0 0 0 0 31 0
JUN 21 0 0 0 0 0 0 0 0 0 0 30 0
JUL 21 0 0 0 0 0 0 0 0 0 0 30 0
AUG 21 0 0 0 0 0 0 0 0 0 0 30 0
SEP 21 0 0 0 0 0 0 0 0 0 0 30 0
OCT 21 0 0 0 0 0 0 0 0 0 0 31 0
NOV 21 0 0 0 0 0 0 0 0 0 0 30 0
DEC 21 0 0 0 0 0 0 0 0 0 0 30 0
MAR 22 0 0 0 0 0 0 0 0 0 0 1 0
MAY 22 0 0 0 0 0 0 0 0 0 0 1 0
JUL 22 0 0 0 0 0 0 0 0 0 0 1 0
AUG 22 0 0 0 0 0 0 0 0 0 0 1 0
MAR 23 0 0 0 0 0 0 0 0 0 0 1 0
MAY 23 0 0 0 0 0 0 0 0 0 0 1 0
OCT 23 0 0 0 0 0 0 0 0 0 0 4 0
MAY 24 0 0 0 0 0 0 0 0 0 0 1 0
OCT 24 0 0 0 0 0 0 0 0 0 0 8 0
Totals 172,604 17 2,942 175,563 1,228 1,714 0 0 7,784 0 926,227 10,233

Option Types

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 via open outcry, 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