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European Gasoil Calendar (1 month) Spread Options Contract Specs

    Please note that effective the January 2015 contract month, the floating price reference for this contract will be the ICE Low Sulphur Gasoil Futures 1st nearby contract settlement. For further details click here

Options
Underlying Futures European Gasoil (1000mt) Bullet Futures (BG)
Product Symbol GXA
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 A European Gasoil Calendar Spread Put Option contract traded on the Exchange represents an option to assume a short position in the first expiring European Gasoil Bullet Swap Futures (BG) contract in the spread and a long position in the second expiring European Gasoil Bullet Swap Futures (BG) contract in the spread traded on the Exchange. A European Gasoil Calendar Spread Call Option represents an option to assume a long position in the first expiring European Gasoil Bullet Swap Futures (BG) contract in the spread and a short position in the second expiring European Gasoil Bullet Swap Futures (BG) contract in the spread traded on the Exchange.
Price Quotation U.S. dollars and cents per metric ton
Option Style European
Minimum Fluctuation $0.01 per metric ton
Expiration of Trading A European Gasoil Calendar Spread Option on the Exchange shall expire at the close of trading on the business day immediately preceding the expiration of the first expiring futures contract in the spread.
Strike Prices Five strike prices in increments of $.25 per metric ton above and below the at-the-money strike price for a total of at least 11 strike prices. Strike price boundaries are adjusted according to futures price movements.
Settlement Type Exercise into Futures
Position Limits NYMEX Position Limits
Rulebook Chapter 552
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.