05/09/2007
In order to insure orderly exercise procedures, no expiring option will be accepted for trading after the close of "open outcry trading" for the respective contracts on the NYMEX and COMEX Divisions on the day of expiration.
Trading Hours:
From 6:00 PM Sundays through 5:15 PM Fridays, Eastern Time, with a 45-minute break each day between 5:15 PM and 6:00 PM.
| Expiration Months: | |
| Crude Oil (LO): | Expiration months listed on Globex will be balance of current year and next consecutive year, with additional June/December months initially through 2015 |
| Natural Gas (ON): | 24 Consecutive Months |
| Gold (OG) | The nearest six of the following contract months: February, April, June, August, October, and December. Additional contract months – January, March, May, July, September, and November – will be listed for trading for a period of two months. A 60-month options contract is added from the current calendar month on a June/December cycle. |
| Silver (SO) | The nearest five of the following contract months: March, May, July, September, and December. Additional contract months – January, February, April, June, August, October, and November – will be listed for trading for a period of two months. A 60-month options contract is added from the current calendar month on a July/December cycle |
| Strike price Intervals: Same interval as current floor traded option contracts | |
| Crude Oil (LO): | Increments of $0.50 (50¢) per barrel above and below the at-the-money strike price, and the next 10 strike prices in increments of $2.50 above the highest and below the lowest existing strike prices for a total of at least 61 strike prices per month |
| Natural Gas (ON): | In increments of $0.05 (5¢) per mmBtu above and below the at-the-money strike price in all months, plus an additional 20 strike prices in increments of $0.05 (5¢) per mmBtu above the at-the-money price will be offered in the first three nearby months, and the next 10 strike prices in increments of $0.25 (25¢) per mmBtu above the highest and below the lowest existing strike prices in all months for a total of at least 81 strike prices in the first three nearby months and a total of at least 61 strike prices for four months and beyond. |
| Gold (OG) | $10.00 per ounce apart for strike prices below $500, $20.00 per ounce apart for strike prices between $500 and $1,000, $50.00 per ounce apart for strike prices above $1,000. For the nearest six contract months, strike prices will be $5.00, $10.00, and $25.00 apart, respectively |
| Silver (SO) | 10¢ ($0.10) and 25¢ ($0.25) per ounce apart for strike prices
less than or equal to $8.00; 25¢ ($0.25) per ounce apart for strike
prices greater than $8.00 and up to $15.00; and 50¢ ($0.50) per ounce
apart for strike prices greater than $15.00 during the first six nearby
trading months. For all other months up to two years to expiration, increments are 25¢ ($0.25) per ounce apart for strike prices up to $8.00; 50¢ ($0.50) per ounce apart for strike prices greater than $8.00 and up to $15.00; and $1.00 per ounce apart for strike prices greater than $15.00. For months greater than two years to expiration, strike increments will be $1.00. |
Please contact the NYMEX Marketing hotline at 212-299-2301, or email NymexMarketing@nymex.com with any questions.