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Silver Options
Type
Description
Silver options are financial tools that offer the right but not the obligation to buy or sell a Silver futures contract at a specified strike price.
Learn More...
| Silver Options | |||||
|---|---|---|---|---|---|
| Underlying Futures | Silver Futures (SI) | ||||
| Product Symbol | SO | ||||
| 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 8:25 a.m. – 1:25 p.m. (7:25 a.m. – 12:25 p.m. CT) | ||||
| Contract Unit | One COMEX Silver futures contract | ||||
| Price Quotation | U.S. cents per troy ounce. Please note: Prices are disseminated in U.S. Dollars and Cents |
||||
| Option Style | American | ||||
| Minimum Fluctuation | $0.001 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 | Trading is conducted in (a) the nearest five of the following contract months: March, May, July, September, and December and (b) the nearest January, February, April, June, August, October, and November such that a total of six consecutive calendar months from and including the current listed futures contract month are listed at all times and (c) any July and December during a 60 month period from and including the current listed contract month. | ||||
| Strike Prices | If the underlying futures price is less than $25.00 per ounce, forty (40) strike prices in $0.05 increments above and below the at-the-money strike price will be listed; and forty (40) strike prices in $0.25 increments above and below the highest and lowest $0.05 increment, respectively, will be listed; and ten (10) strike prices in $1.00 increments above and below the highest and lowest $0.25 increment, respectively, will be listed. If the underlying futures price is greater than $25.00 per ounce, forty (40) strike prices in increments of $0.25 above or below the at-the-money strike price will be listed; and forty (40) strike prices in $1.00 increments above and below the highest and lowest $0.25 increment, respectively, will be listed. | ||||
| Settlement Type | Physical | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 116 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of COMEX. | ||||
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