NY Harbor ULSD Calendar Spread Option - 1 Month Contract Specs

Effective as of March 13, 2020 and until further notice, NYMEX increased the dynamic circuit breakers of PA, RB, HO and all Associated Products. See SER 8561 for additional information.

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: OH CME ClearPort: OH Clearing: OH
Listed Contracts	Monthly contracts listed for the current year and the next 3 calendar years and 1 additional month. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Termination Of Trading	Trading terminates the 4th last business days of the month prior to the contract month.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 320
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	NY Harbor ULSD Futures

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: FAY CME ClearPort: FA Clearing: FA
Listed Contracts	1-Month spreads listed for the current year and next 3 calendar years. List 1-Month spreads for a new calendar year following the termination of trading in the December spread of the current year.
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 392
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	Deliverable
Underlying	NY Harbor ULSD Futures

Contract Unit	42,000 gllons
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: FB CME ClearPort: FB Clearing: FB
Listed Contracts	2-Month spreads listed for 12 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 392
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	Deliverable
Underlying	NY Harbor ULSD Futures

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: FC CME ClearPort: FC Clearing: FC
Listed Contracts	3-month spreads listed for 12 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 392
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	Deliverable
Underlying	NY Harbor ULSD Futures

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: FM CME ClearPort: FM Clearing: FM
Listed Contracts	6-Month spreads listed for 13 consecutive months and the next 2 June and 2 December spreads
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 392
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	Deliverable
Underlying	NY Harbor ULSD Futures

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: AFZ CME ClearPort: FZ Clearing: FZ
Listed Contracts	12-Month spreads listed for 13 consecutive months and the next 2 March, 2 June, 2 September and 2 December spreads
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 392
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	Deliverable
Underlying	NY Harbor ULSD Futures

Contract Unit	A NY Harbor ULSD Crack Spread Put Option on the Exchange represents an option to assume a short position in the underlying NY Harbor ULSD Futures and a long position in the underlying Light Sweet Crude Oil Futures on the Exchange. A NY Harbor ULSD Crack Spread Call Option represents an option to assume a long position in the underlying NY Harbor ULSD Futures and a short position in the underlying Light Sweet Crude Oil Futures on the Exchange.
Minimum Price Fluctuation	$0.01 per barrel
Price Quotation	U.S. dollars and cents per barrel.
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: CHY CME ClearPort: CH Clearing: CH
Listed Contracts	Monthly contracts listed for the current year and the next 3 calendar years and 1 additional month. 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 last business day immediately preceding the expiration of the underlying Light Sweet Crude Oil Futures.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 350
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing Procedures Table
Exercise Style	American
Settlement Method	Deliverable
Underlying	NY Harbor ULSD Futures and Crude Oil Futures

Contract Unit	On expiration of a call option, the value will be the cash difference between the settlement price of the underlying NY Harbor ULSD Futures and the strike price multiplied by 42,000 Gallons, 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 NY Harbor ULSD Futures multiplied by 42,000 Gallons, or zero, whichever is greater.
Minimum Price Fluctuation	$0.0001 per gallon
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. 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: LB CME ClearPort: LB Clearing: LB
Listed Contracts	Monthly contracts listed for the current year and the next 3 calendar years and 1 additional month. 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 3 business days before expiration of underlying futures contract
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 551
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	NY Harbor ULSD Futures

Quick Links

Other Energy Products

Tools

Essentials

Contact Us

Energy@cmegroup.com

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.

Markets Home

Market Data Home

Clearing Home

Technology Home

Education Home