Notice to Members
Notice No. 07
01/06/2003
NYMEX Division SPAN Parameters for Heating Oil and Unleaded Gasoline Calendar Spread Options
Below NYMEX Division SPAN parameters for Heating Oil and Unleaded Gasoline Calendar Spread Options are provided. These parameters are updated monthly upon spot month termination.

Effective Date: Monday, January 6, 2003 (close of business)

Products: Heating Oil and Unleaded Gasoline Calendar Spread Options

Currently the spot month for the above referenced contracts is February 2003. Accordingly, the futures scan ranges that establish maximum short option margin for Heating Oil Calendar Spread options are:
Regular Option Symbol
Synthetic Futures Symbol
Intra-Commodity Spread Tier
Scan Range
FAG03 GHG03 1 400
FAH03 GHH03 2 250
FAJ03 GHJ03 2 250
FAK03 GHK03 2 250
FAM03 GHM03 2 250
FAN03 GHN03 2 250
FAQ03 GHQ03 3 150
FAU03 GHU03 3 150
FAV03 GHV03 3 150
FAX03 GHX03 3 150
FAZ03 GHZ03 3 150
FAF04 GHF04 3 150
FBG03 GKG03 1 400
FBH03 GKH03 2 250
FCG03 GMG03 1 400

The futures scan ranges that establish maximum short option margin for Unleaded Gasoline Calendar Spread options are:

Regular Option Symbol
Synthetic Futures Symbol
Intra-Commodity Spread Tier
Scan Range
YAG03 EBG03 1 500
YAH03 EBH03 2 300
YAJ03 EBJ03 2 300
YAK03 EBK03 2 300
YAM03 EBM03 2 300
YAN03 EBN03 2 300
YAQ03 EBQ03 3 200
YAU03 EBU03 3 200
YAV03 EBV03 3 200
YAX03 EBX03 3 200
YAZ03 EBZ03 3 200
YAF04 EBF04 3 200
YBG03 EGG03 1 500
YBH03 EGH03 2 300
YCG03 EKG03 1 500

This notice supercedes all previous notices regarding NYMEX Division SPAN parameters for Heating Oil and Unleaded Gasoline Calendar Spread Option contracts.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com