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Silver Weekly Options Contract Specs

Contract Unit 5,000 Troy Ounces troy ounces
Minimum Price Fluctuation $0.001 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: SO1,SO2,SO3,SO4,SO5
CME ClearPort: SO1,SO2,SO3,SO4,SO5
Clearing: SO1,SO2,SO3,SO4,SO5
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 Silver monthly option, the weekly option shall not be listed for trading.
Position Limits NYMEX Position Limits
Exchange Rulebook COMEX 1009
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style American - no contrary instructions
Settlement Method Deliverable
Underlying Silver Futures