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Palladium Options Contract Specs

Options
Contract Unit One NYMEX Palladium Futures
Minimum Price Fluctuation $0.01 per troy ounce
Price Quotation U.S. dollars and cents per troy ounce.
Trading Hours 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)
Open Outcry: Monday – Friday 8:20 a.m. – 1:05 p.m. (7:20 a.m. – 12:05 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)
Product Code CME Globex: PAO
CME ClearPort: PAO
Open Outcry: PAO
Clearing: PAO
Listed Contracts CME Globex: 3 consecutive months
CME ClearPort and Open Outcry: Trading is conducted in the nearest three consecutive calendar contract months, plus the next three months of the quarterly cycle of March, June, September, and December.
Termination Of Trading Expiration occurs at the close of trading on the third Wednesday of the month preceding the option contract month. In the event that such business day precedes an Exchange holiday, the expiration date shall be the preceding business day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 119
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval Strike prices are in increments of $5.00. At least eleven strike prices will be listed at all times.
Exercise Style American
Settlement Method Deliverable
Underlying Palladium Futures