CME Group » Energy » Gasoil Average Price
Energy Products
View an Energy Product
Gasoil Average Price Options
Settlements | Contract Specifications | Performance Bonds / Margins | Product Calendar | Learn More
 


Type
 
Gasoil Average Price Option
Underlying Futures European Gasoil (ICE) Swap Futures (GX)
Product Symbol F7
Venue CME ClearPort and Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 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 day, a long call option will be financially settled by adding the settlement price for the same delivery month of European Gasoil (ICE) Swap Futures less the strike price multiplied by 1,000 metric tons, or zero, whichever is greater. A long put will be financially settled by subtracting the settlement price from the strike price for the same delivery month of European Gasoil (ICE) Swap Futures multiplied by 1,000 metric tons, or zero, whichever is greater.
Price Quotation U.S. dollars and cents per metric ton.
Option Style Average Price – non-early exercisable option
Minimum Fluctuation $0.01 per metric ton
Expiration of Trading Trading ends on the last business day of the contract month.
Listed Contracts The balance of the current calendar year plus each calendar month for the following two years.
Strike Prices Twenty strike prices in increments of $.50 per metric ton above and below 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 748
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.