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Silver Options Contract Specs

Options
Contract Unit One COMEX Silver futures contract
Minimum Price Fluctuation $0.001 per troy ounce
Price Quotation U.S. cents per troy ounce.
Please note: Prices are disseminated in U.S. Dollars and Cents
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)
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)
Product Code CME Globex: SO
CME ClearPort: SO
Open Outcry: SO
Clearing: SO
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.
Termination 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.
Position Limits NYMEX Position Limits
Exchange Rulebook COMEX 116
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Prices Strike Price Interval Forty (40) strike prices in $0.25 increments above and below the at-the-money strike price will be listed. If the underlying futures price is less than $10.00 per ounce, ten (10) strike prices in increments of $0.10 above or below the at-the-money strike price will be listed in addition to the $0.25 increment strikes.
Exercise Style American
Settlement Method Deliverable
Underlying Silver Futures