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Natural Gas Options (American) Contract Specs
| Contract Unit | 10,000 MMBtu | ||||
| Minimum Price Fluctuation | 0.001 per MMBtu = $10.00 | ||||
| Price Quotation | U.S. dollars and cents per MMBtu | ||||
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Product Code | CME Globex: ONCME ClearPort: ONClearing: ON | ||||
| Listed Contracts | Monthly contracts listed for the current year and the next 12 calendar years. Add onthly contracts for a new calendar year following the termination of trading in the December contract of the current year. | ||||
| Termination Of Trading | Trading terminates on the 4th last business day of the month prior to the contract month (1 business day prior to the expiration of the underlying futures corresponding contract month). | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 370 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Strike Price Listing Procedures | Strike Price Listing and Exercise Procedures Table | ||||
| Exercise Style | American | ||||
| Settlement Method | Deliverable | ||||
| Underlying | Henry Hub Natural Gas Futures | ||||
About Natural Gas
Henry Hub Natural Gas (NG) Futures allow market participants significant hedging activity to manage risk in the highly volatile natural gas price, which is driven by weather-related demand. They also provide efficient transactions in and out of positions. Natural gas futures are:
- The third-largest physical commodity futures contract in the world by volume
- Widely used as a national benchmark price for natural gas, which continues to grow as a global and U.S. energy source
- An independent, stand-alone commodity
Things to know about the contracts:
- Natural gas futures prices are based on delivery at the Henry Hub in Louisiana.
- Traded electronically on CME Globex and off-exchange for clearing only as an EFS, EFP or block trade through CME ClearPort.
- Options types include American, calendar spread, European and daily.
Read more about Henry Hub Natural Gas (NG) Futures
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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
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