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European-Style Gasoil Options Contract Specs

Options
Underlying Futures European Gasoil (1000mt) Bullet Futures (BG)
Product Symbol F8
Venue CME Globex, CME ClearPort and 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 long call option will be financially settled by adding the settlement price for the same delivery month of the European Gasoil Bullet 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 Bullet 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 European
Minimum Fluctuation $0.01 per metric ton
Expiration of Trading Trading shall expire at the close of trading four business days prior to the expiration of the underlying European Gasoil Bullet Swap contract.
Listed Contracts CME ClearPort and Open Outcry: 36 consecutive months.
CME Globex: 1 month
Strike Prices Twenty strike prices in increments of $5.00 per metric ton 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 747
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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