Micro Gold options contracts are based on the Micro Gold futures contract and will have monthly and weekly listings.

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The contract symbols for the monthly and weekly Micro Gold options contracts are:

Micro Gold options: OMG
Micro Gold Weekly Monday options: 1MG – 5MG
Micro Gold Weekly Wednesday options: 1WG – 5WG
Micro Gold Weekly Friday options: 1FG – 5FG

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The monthly and weekly Micro Gold options contracts are 10 troy ounces, the same size as the Micro Gold futures and 1/10 the size of the benchmark Gold futures contract. The contracts are priced in U.S. dollars and cents per troy ounce and the minimum price fluctuation is $0.10 per troy ounce. Full contract specifications can be viewed here.

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The Micro Gold options contract is listed for 20 consecutive months. The weekly Micro Gold options contracts are listed for four weeks.

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Micro Gold options: Minimum 40 strikes at $5 per troy ounce increment above and below the at-the-money strike. Then 10 strikes at $10 per troy ounce increment above and below the highest and lowest $5 increment strike. Then eight strikes at $25 per troy ounce increment above and below the highest and lowest $10 increment strike.

Micro Gold Weekly options: Minimum 40 strikes at $5 per troy ounce increment above and below the at-the-money strike.

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The Micro Gold options contract expires on the fourth last business day of the month preceding the delivery month. The Micro Gold Weekly Monday options expires on the Monday of each week; the Micro Gold Weekly Wednesday options expires on the Wednesday of each week; and the Micro Gold Weekly Friday options expires on the Friday of each week.

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CME Globex Pre-open: Sunday 4:00 p.m. - 5:00 p.m. Central time/CT Monday – Thursday 4:45 p.m. - 5:00 p.m. CT

CME Globex Open: Sunday 5:00 p.m. – Friday 4:00 p.m. CT with a daily maintenance period from 4:00 p.m. - 5:00 p.m. CT

CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. – 5:00 p.m. CT

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Micro Gold options are available to trade on screen via CME Globex and for submission for clearing through CME ClearPort. ClearPort trades can be submitted bilaterally between counterparties or via permissioned brokers. More information about CME ClearPort registration is available on the ClearPort page. 

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Contact your clearing member or metals@cmegroup.com to get more information on getting set-up to trade the contract on Globex and/or as a block trade on ClearPort.

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There are minimum quantity and reporting time requirements for Micro Gold options block trades. The minimum block trade size is 25 contracts, and trades need to be reported by the broker, or by the counterparties for a bilateral trade, within 15 minutes of execution.

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Micro gold options will be accessible to all market participants, and we believe there to be strong value to retail traders already involved with gold ETF options.

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Micro gold options will offer monthly, Monday, Wednesday, and Friday expirations while existing ETF options only expire on Fridays.

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Yes. Offsetting positions in Micro gold futures and full sized 100oz gold futures can be netted down by instructing your FCM to offset open positions.

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In addition to Micro Gold options, CME Group offers trading in Gold futures, Micro Gold futures, and Gold Weekly options as well as other precious metals contracts in silver, platinum, and palladium. 

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For more information on our Micro Gold options contracts, please contact a member of our Metals team at metals@cmegroup.com.

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