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 | 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: LBCME ClearPort: LBClearing: 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 |