Notice to Members
Notice No. 124
04/25/2007
Increase in Short Option Minimum Margins
Please be advised that the short option minimum margins for Crude Oil, Heating Oil, RBOB Gasoline, and Natural Gas Calendar Spread Options, Heating Oil and RBOB Gasoline Crack Spread Options, RBOB Gasoline Options, and Crude Oil, Heating Oil, and RBOB Gasoline Average Price Options will increase from $10 to $25.

The increase in the short option margins will be phased in over a 3-month period in $5 increments. The schedule for the increase is as follows:
  • Effective Close of Business Friday, June 1, 2007 the Short Option Minimum Margin will increase by $5 to $15.
  • Effective Close of Business Monday, July 2, 2007 the Short Option Minimum Margin will increase by $5 to $20.
  • Effective Close of Business Wednesday, August 1, 2007 the Short Option Minimum Margin will increase by $5 to $25.
The combined commodity codes for these options are listed in the following tables:

 
Crude Oil Calendar Spread Option
Heating Oil Calendar Spread Option
RBOB Gasoline Calendar Spread Option
Natural Gas Calendar Spread Option
Combined Commodity Code
CA
GF
ZI
DE
CQ
GG
ZJ
DG
CT
GH
ZK
DJ
CV
GK
 
DM
CX
GM
 
DS
 
 
 
DX


 
Heating Oil Crack Spread Option
RBOB Gasoline Crack Spread Option
Combined Commodity Code
HC
ZX


 
RBOB Gasoline Option
Combined Commodity Code
RB


 
Crude Oil Average Price Option
Heating Oil Average Price Option
RBOB Gasoline Average Price Option
Combined Commodity Code
CS
MP
RL
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com