Gold Option Contract Specs

Contract Unit	100 troy ounces
Minimum Price Fluctuation	0.10 per troy ounce = $10.00
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. 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 and any June in December in the nearest 72 months.
Termination Of Trading	Trading terminates at 12:30 p.m. CT on the 4th last business day of the month prior to the contract month. If the 4th last business day occurs on a Friday or the day before a holiday, trading terminates on the prior 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
Minimum Price Fluctuation	0.10 per troy ounce = $10.00
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. 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	Weekly contracts listed for 4 consecutive weeks. No weekly contract listed if it would expire the business day after the expiration of the monthly option.
Termination Of Trading	Trading terminates on Friday of the contract week. If Friday is not a business day, trading terminates on the first business day prior to Friday.If the business day immediately preceding the Friday is a Gold monthly option expiration, the weekly option shall not be listed.
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
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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Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

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