| Gulf Coast No. 6 Fuel Oil 3.0% (Platts) Average Price Option | |||||
|---|---|---|---|---|---|
| Underlying Futures | Gulf Coast No. 6 Fuel Oil 3.0% (Platts) Futures (MF) | ||||
| Product Symbol | CME Globex: AFG CME ClearPort: FG Open Outcry: FG |
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| 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 | On expiration of a call option, the option will be financially settled by subtracting the strike price from the underlying settlement price of the Gulf Coast No. 6 Fuel Oil 3.0% (Platts) Swap Futures contract times 1,000 barrels, or zero, whichever is greater. On expiration of a put option, the option will be financially settled by subtracting the underlying settlement price of the Gulf Coast No. 6 Fuel Oil 3.0% (Platts) Swap Futures contract from the strike price times 1,000 barrels, or zero, whichever is greater. | ||||
| Price Quotation | U.S. dollars and cents per barrel. | ||||
| Option Style | Average Price – non-early exercisable option | ||||
| Minimum Fluctuation | $0.01 per barrel | ||||
| Expiration of Trading | The option shall expire on the last business day of the contract month. | ||||
| Listed Contracts | CME ClearPort and Open Outcry: | 52 consecutive months. | |||
| CME Globex: | 0 consecutive months | ||||
| Strike Prices | Twenty strike prices in increments of $0.05 per barrel above and below the at-the-money strike price. Strike price boundaries are adjusted according to futures price movements. | ||||
| Settlement Type | Financial | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 604 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||