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Gold Options
 


Type
 

Description

Gold options are financial tools that offer the right but not the obligation to buy or sell a Gold futures contract at a specified strike price.
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Gold Options
Underlying Futures Gold Futures (GC)
Product Symbol OG
Venue CME Globex, CME ClearPort, 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 8:20 a.m. – 1:30 p.m. (7:20 a.m. – 12:30 p.m. CT)
Contract Unit One COMEX Gold futures contract
Price Quotation U.S. dollars and cents per troy ounce.
Option Style American
Minimum Fluctuation $0.10 per troy ounce
Expiration of Trading Expiration occurs four business days prior to the end of the month preceding the option contract month. If the expiration day falls on a Friday or immediately prior to an Exchange holiday, expiration will occur on the previous business day.
Listed Contracts Gold futures options shall be listed for trading in each of the nearest twenty (20) consecutive futures contract months. In addition, June and December will be listed for 72 months from the current listed month.
Strike Prices http://www.cmegroup.com/rulebook/NYMEX/1a/115.pdf
Settlement Type Physical
Delivery Period Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month.
Grade and Quality Specifications Gold delivered under this contract shall assay to a minimum of 995 fineness.
Position Limits NYMEX Position Limits
Rulebook Chapter 115
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of COMEX.
 
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