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RBOB Gasoline Options Contract Specs

Options
Contract Unit A RBOB Gasoline Put (Call) Option traded on the Exchange represents an option to assume a short (long) position in the underlying futures contract traded on the Exchange.
Minimum Price Fluctuation $0.0001 per gallon
Price Quotation U.S. dollars and cents per gallon.
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: OB
CME ClearPort: OB
Open Outcry: OB
Clearing: OB
Listed Contracts 36 consecutive months.
Termination Of Trading Expiration occurs three business days before the expiration of the underlying futures contract.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 335
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval One hundred strike prices in $0.01 per gallon increments above and below the at-the-money strike price, and the next 20 strike prices in $0.05 increments above the highest and below the lowest existing strike prices for a total of at least 241 strike prices. The at-the-money strike price is the nearest to the previous day's close of the underlying futures contract. Strike price boundaries are adjusted according to the futures price movements.
Exercise Style American
Settlement Method Deliverable
Underlying RBOB Gasoline Futures