Natural Gas (Henry Hub) Last-day Financial 6 Month Spread Options 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: G6B CME ClearPort: G6 Clearing: G6
Listed Contracts	6 - month spreads listed for 36 consecutive months
Termination Of Trading	Trading terminates on the business day prior to the termination of trading in the first leg of the underlying spread.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 399
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Exercise Style	European
Settlement Method	Financially Settled
Underlying	Natural Gas (Henry Hub) Last-day Financial 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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Natural Gas (Henry Hub) Last-day Financial 6 Month Spread Options Contract Specs

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Contract Unit	On expiration of a call option, the value will be the difference between the settlement price of the underlying Henry Hub Natural Gas Futures and the strike price multiplied by 10,000 MMBtu, or zero, whichever is greater. On exercise of a put option, the value will be the difference between the strike price and the settlement price of the underlying Henry Hub Natural Gas Futures multiplied by 10,000 MMBtu, or zero, whichever is greater.
Minimum Price Fluctuation	CME Globex:	0.001 per MMBtu = $10.00
	CME ClearPort:	0.0001 per MMBtu = $1.00
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. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code	CME Globex: LNE CME ClearPort: LN Clearing: LN
Listed Contracts	Monthly contracts listed for the current year and the next 12 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year..
Termination Of Trading	Trading terminates on the business day immediately preceding the expiration of the underlying futures contract.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 560
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Exercise Style	European
Settlement Method	Financially Settled
Underlying	Henry Hub Natural Gas Futures

Contract Unit	10,000 Million Brithish Thermal Units
Minimum Price Fluctuation	CME Globex:	$0.0010 per MMBtu
	CME ClearPort and Open Outcry:	$0.0001 per MMBtu
Price Quotation	Dollars and tenths of cents per MMBTU
Trading Hours	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code	CME Globex: LN1,LN2,LN3,LN4,LN5 CME ClearPort: LN1,LN2,LN3,LN4,LN5 Clearing: LN1,LN2,LN3,LN4,LN5
Listed Contracts	4 consecutive weeks
Termination Of Trading	Option expires on Friday. If the Friday of the listing is a scheduled Exchange holiday, the option shall terminate on the first Business Day immediately preceding the Friday. However, if the first Business Day immediately preceding the Friday is the expiration of a Natural Gas monthly option, the weekly option shall not be listed for trading.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 1006
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Exercise Style	European (No contrary instructions)
Settlement Method	Deliverable
Underlying	Henry Hub Natural Gas Futures