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Palladium Options Contract Specs

Options
Underlying Futures Palladium Futures (PA)
Product Symbol PAO
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. – 1:05 p.m. (7:20 a.m. – 12:05 p.m. CT)
Contract Unit One NYMEX Palladium Futures
Price Quotation U.S. dollars and cents per troy ounce.
Option Style American
Minimum Fluctuation $0.01 per troy ounce
Expiration 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.
Listed Contracts 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.
CME Globex: 3 consecutive months
Strike Prices Strike prices are in increments of $5.00. At least eleven strike prices will be listed at all times.
Settlement Type Physical
Position Limits NYMEX Position Limits
Rulebook Chapter 119
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.