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Gold Weekly Options Contract Specs

Options
Contract Unit

100 Troy Ounces troy ounces

Minimum Price Fluctuation $0.10 per troy ounce
Price Quotation Dollars and cents per troy ounce
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: OG1-OG5
CME ClearPort: OG1-OG5
Clearing: OG1-OG5
Listed Contracts 4 weekly expirations (Friday)
Termination Of Trading Options expire on Friday. If the Friday of the listing is a scheduled Exchange holiday, the option shall terminate on the first Business Day immediately preceding the Friday. However, if the first Business Day immediately preceding the Friday is the expiration of a Gold monthly option, the weekly option shall not be listed for trading.
Position Limits NYMEX Position Limits
Exchange Rulebook COMEX 1008
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing Procedures Table
Exercise Style American - no contrary instructions
Settlement Method Deliverable
Underlying Gold Futures

About Gold

Gold futures are hedging tools for commercial producers and users of gold. They also provide global gold price discovery and opportunities for portfolio diversification. In addition, they:

  • Offer ongoing trading opportunities, since gold prices respond quickly to political and economic events
  • Serve as an alternative to investing in gold bullion, coins, and mining stocks

Things to know about the contracts:

  • Physically delivered
  • Block-trade eligible
  • American-style options
  • Can be traded off-exchange for clearing only through CME ClearPort