| Singapore Mogas 92 Unleaded (Platts) Average Price Option | |||||
|---|---|---|---|---|---|
| Underlying Futures | Singapore Mogas 92 (Platts) Futures (1N) | ||||
| Product Symbol | 1N5 | ||||
| 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 Singapore Mogas 92 (Platts) Average Price Call Option represnts the differential between the final settlement price of the underlying Singapore Mogas 92 (Platts) Swap Futures less the strike price, or zero whichever is greater, multiplied by 1,000 barrels. A Singapore Mogas 92 (Platts) Average Price Put Option represents the differential between the strike price and the final settlement price of the underlying Singapore Mogas 92 (Platts) Swap Futures, or zero, whichever is greater, multiplied by 1,000 barrels. | ||||
| Price Quotation | U.S. dollars and cents per barrel | ||||
| Minimum Fluctuation | $0.001 per barrel | ||||
| Expiration of Trading | Trading ceases on the last business day of the underlying calendar month. | ||||
| Listed Contracts | CME ClearPort and Open Outcry: | 24 consecutive calendar months. | |||
| CME Globex: | 1 month | ||||
| Strike Prices | Twenty strike prices in increments of $.50 per barrel above and below the at-the-money strike price for a total of at least 41 strike prices. Strike price boundaries are adjusted according to futures price movements. | ||||
| Settlement Type | Financial | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 1245 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||