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Gold Options Contract Specs

Contract Unit One COMEX Gold futures contract
Minimum Price Fluctuation $0.10 per troy ounce
Price Quotation U.S. dollars and cents per troy ounce.
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: OG
CME ClearPort: OG
Clearing: OG
Listed Contracts Monthly contracts listed for 20 consecutive months. In addition, June and December will be listed for 72 months from the current listed month.
Termination Of Trading Expiration occurs 4 business days prior to the end of the month preceding the option contract month at 1:30 p.m. (12:30 p.m. CT). If the expiration day falls on a Friday or immediately prior to an Exchange holiday, expiration will occur on the previous business day.
Position Limits NYMEX Position Limits
Exchange Rulebook COMEX 115
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style American
Settlement Method Deliverable
Underlying Gold Futures

About Gold

Gold futures are hedging tools for commercial producers and users of gold. They also provide global gold price discovery and opportunities for portfolio diversification. In addition, they:

  • Offer ongoing trading opportunities, since gold prices respond quickly to political and economic events
  • Serve as an alternative to investing in gold bullion, coins, and mining stocks

Things to know about the contracts:

  • Physically delivered
  • Block-trade eligible
  • American-style options
  • Can be traded off-exchange for clearing only through CME ClearPort