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Palladium Options Contract Specs

    Amendments being made to Palladium Futures eligible metal rules and delivery process, effective with the July 2019 contract month. See SER 8099 for Details.

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: PAO
CME ClearPort: PAO
Clearing: PAO
Listed Contracts Monthly contracts listed for 3 consecutive months and the next 3 contracts in the March, June, September, December cycle.
Termination Of Trading Trading terminates on the third Wednesday of the month prior to the contract month. 
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 119
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 Palladium Futures