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European Low Sulphur Gasoil Calendar (1 month) Spread Options Contract Specs

Options
Contract Unit A European Low Sulphur Gasoil Calendar Spread Put Option contract traded on the Exchange represents an option to assume a short position in the first expiring European Low Sulphur Gasoil Bullet Futures (BG) contract in the spread and a long position in the second expiring European Low Sulphur Gasoil Bullet Futures (BG) contract in the spread traded on the Exchange. A European Low Sulphur Gasoil Calendar Spread Call Option represents an option to assume a long position in the first expiring European Low Sulphur Gasoil Bullet Futures (BG) contract in the spread and a short position in the second expiring European Low Sulphur Gasoil Bullet Futures (BG) contract in the spread traded on the Exchange.
Minimum Price Fluctuation $0.01 per metric ton
Price Quotation U.S. dollars and cents per metric ton
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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. New York time/ET (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 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
Product Code CME Globex: GXA
CME ClearPort: GXA
Open Outcry: GXA
Clearing: GXA
Termination 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.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 552
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval 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.
Exercise Style European
Settlement Method Deliverable
Underlying European Low Sulphur Gasoil (1000mt) Bullet Futures