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Gold Volatility Index (VIX) Options Contract Specs

Options
Product Symbol GVP
Venue CME Globex, CME ClearPort
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)
Contract Unit On expiration of a call option, the option will be financially settled by subtracting the strike price from the underlying settlement price of the Gold Volatility Index (VIX) Futures contract times $500, or zero, whichever is greater. On expiration of a put option, the option will be financially settled by subtracting the underlying settlement price of the Gold Volatility Index (VIX) Futures contract from the strike price times $500, or zero, whichever is greater.
Price Quotation Index points
Option Style European
Minimum Fluctuation 0.01 index point
Expiration of Trading A Gold Volatility Index (VIX) Option contract shall expire at 9:30 a.m. 30 calendar days prior to the expiration of the COMEX Gold Option for the same contract month. If such day is not an Exchange business day, trading shall cease on the business day immediately prior.
Listed Contracts First 6 cycle months (February, April, June, August, October, December)
Strike Prices Ten strike prices in increments of 0.50 index point above and below the at-the-money strike price, for a total of at least 21 strike prices.
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 985
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of COMEX.

Futures & Options Trading

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