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

Contract Unit	100 Troy Ounces troy ounces
Minimum Price Fluctuation	$0.10 per troy ounce
Price Quotation	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: OG1,OG2,OG3,OG4,OG5 CME ClearPort: OG1,OG2,OG3,OG4,OG5 Clearing: OG1,OG2,OG3,OG4,OG5
Listed Contracts	4 weekly expirations (Friday)
Termination Of Trading	Options expire on Friday. If the Friday of the listing is a scheduled Exchange holiday, the option shall terminate on the first Business Day immediately preceding the Friday. However, if the first Business Day immediately preceding the Friday is the expiration of a Gold monthly option, the weekly option shall not be listed for trading.
Position Limits	NYMEX Position Limits
Exchange Rulebook	COMEX 1008
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 - no contrary instructions
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

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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.