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Singapore Mogas 92 Unleaded (Platts) Average Price Option Contract Specs

Options
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.
Minimum Price Fluctuation $0.001 per barrel
Price Quotation U.S. dollars and cents per barrel
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)
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)
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)
Product Code CME Globex: 1N5
CME ClearPort: 1N5
Open Outcry: 1N5
Clearing: 1N5
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: 24 consecutive calendar months.
Termination Of Trading Trading ceases on the last business day of the underlying calendar month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1245
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval 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.
Exercise Style Average price - non-early exercisable option.
Settlement Method Financially Settled
Underlying Singapore Mogas 92 Unleaded (Platts) Futures