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Natural Gas Short-Term Options Contract Specs
| Contract Unit | 10,000 MMBtu | ||||
| Minimum Price Fluctuation | CME ClearPort: | 0.0001 per MMBtu = $1.00 | |||
| CME Globex: | 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: U01CME ClearPort: U01Clearing: U01 | ||||
| Listed Contracts | Daily contracts listed for the current day and the following four business days within a seven-calendar day period, unless that business day coincides with the expiration of a monthly Natural Gas Option in which case it is not listed. | ||||
| Termination Of Trading | Termination of trading coincides with the ticker symbol symbol. For example, C25 N21 coincides with a termination of trading on July 25, 2021. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 1066 | ||||
| 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 | ||||
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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