In connection with the launch of the new Crude Oil and Natural Gas Weekly Option contracts on trade date April 14, 2014, (see SER-7039 dated March 20, 2014), please note below the corresponding spot-month aggregation allocations, all month/single month accountability levels (NYMEX Rule 560), initial spot month position limits (NYMEX Rule 559), and reportable levels (NYMEX Rule 561) for the two new contracts. Effective trade date April 14, 2014, and pending all relevant CFTC regulatory review periods, the terms and conditions for these contracts will be inserted into the NYMEX Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the NYMEX Rulebook, as noted below.
The commodity codes are provided for the Clearing Members that file reports pursuant to NYMEX Rule 561.A in a machine-readable format.
Contract Name |
Rule Chapter |
Commodity Code |
Spot-Month Aggregate Into Futures Equivalent Leg (1) |
Initial Spot-Month Limit (In Net Futures Equivalents) Leg (1) / Leg (2) |
Single Month Accountability Level Leg (1) / Leg (2) |
All Month Accountability Level Leg (1) / Leg (2) |
Reporting Level |
Crude Oil Weekly Option – week 1 |
1011 |
LO1 |
CL |
3,000 |
10,000 |
20,000 |
25 |
Crude Oil Weekly Option – week 2 |
1011 |
LO2 |
CL |
3,000 |
10,000 |
20,000 |
25 |
Crude Oil Weekly Option – week 3 |
1011 |
LO3 |
CL |
3,000 |
10,000 |
20,000 |
25 |
Crude Oil Weekly Option – week 4 |
1011 |
LO4 |
CL |
3,000 |
10,000 |
20,000 |
25 |
Crude Oil Weekly Option – week 5 |
1011 |
LO5 |
CL |
3,000 |
10,000 |
20,000 |
25 |
Natural Gas Weekly Option – week 1 |
1012 |
ON1 |
NG |
1,000 |
6,000 |
12,000 |
25 |
Natural Gas Weekly Option – week 2 |
1012 |
ON2 |
NG |
1,000 |
6,000 |
12,000 |
25 |
Natural Gas Weekly Option – week 3 |
1012 |
ON3 |
NG |
1,000 |
6,000 |
12,000 |
25 |
Natural Gas Weekly Option – week 4 |
1012 |
ON4 |
NG |
1,000 |
6,000 |
12,000 |
25 |
Natural Gas Weekly Option – week 5 |
1012 |
ON5 |
NG |
1,000 |
6,000 |
12,000 |
25 |
Please refer questions on this subject to:
Market Regulation
Surveillance: Ryne Toscano Ryne.Toscano@cmegroup.com (212) 299-2879
Products: Nadine Brown Nadine.Brown@cmegroup.com (212) 299-2223
Large Trader
Reporting: Sandra Valtierra Sandra.Valtierra@cmegroup.com (312) 347-4137