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Gulf Coast Jet Fuel (Platts) Average Price Options Contract Specs

Options
Contract Unit 42,000 gallons
Minimum Price Fluctuation 0.0001 per gallon = $4.20
Price Quotation U.S. dollars and cents per gallon
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: GVR
CME ClearPort: GVR
Clearing: GVR
Listed Contracts Monthly contracts listed for 36 consecutive months
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 424
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 Gulf Coast Jet Fuel (Platts) Futures