Asset Class Navigation

RBOB Gasoline 1 Month Calendar Spread Options Contract Specs

Options
Contract Unit A RBOB Gasoline Calendar Spread Put Option on the Exchange represents an option to assume a short position in the first Expiring RBOB Gasoline Futures in the spread and a long position in the second expiring RBOB Gasoline Futures in the spread on the Exchange. A RBOB Gasoline  Calendar Spread Call Option represents an option to assume a long position in the first expiring RBOB Gasoline Futures in the spread and a short position in the second expiring RBOB Gasoline Futures in the spread traded on the Exchange.
Minimum Price Fluctuation $0.0001 per gallon
Price Quotation U.S. dollars and cents per gallon.
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code CME Globex: ZAY
CME ClearPort: ZA
Clearing: ZA
Listed Contracts Monthly contracts listed for 35 consecutive months.
Termination Of Trading Trading terminates on the business day immediately preceding the expiration of the first expiring futures contract in the spread.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 388
Block Minimum Block Minimum Thresholds
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlement Method Deliverable
Underlying RBOB Gasoline Physical Futures