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New York Harbor Ultra-Low Sulfur Diesel (ULSD) Options
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Type
 
NY ULSD Options
Underlying Futures New York Harbor Ultra-Low Sulfur Diesel (ULSD) Futures (LH)
Product Symbol ULO
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 42,000 Gallons
Price Quotation U.S. dollars and cents per gallon.
Option Style American
Minimum Fluctuation $0.0001 per gallon
Expiration of Trading The option contract shall expire at the close of trading on the third business day immediately preceding the expiration of the underlying New York Harbor Ultra-Low Sulfur Diesel (ULSD) futures contract.
Listed Contracts Current year and next 4 consecutive calendar years.
Strike Prices Twenty strike prices in increments of $0.01 per gallon above and below the at-the-money strike price, and the next ten strike prices in increments of $0.05 a gallon above the highest and below the lowest existing strike prices. Strike price boundaries are adjusted according to futures price movements.
Settlement Type Physical-Exercise into futures
Position Limits NYMEX Position Limits
Rulebook Chapter 1153
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.