Asset Class Navigation

NY Harbor ULSD European Financial Option Contract Specs

Options
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