Silver Options Contract Specs

Contract Unit	One COMEX Silver futures contract
Minimum Price Fluctuation	$0.001 per troy ounce
Price Quotation	U.S. cents per troy ounce. *Please note: Prices are disseminated in U.S. Dollars and Cents*
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: SO CME ClearPort: SO Clearing: SO
Listed Contracts	Trading is conducted in (a) the nearest five of the following contract months: March, May, July, September, and December and (b) the nearest January, February, April, June, August, October, and November such that a total of six consecutive calendar months from and including the current listed futures contract month are listed at all times and (c) any July and December during a 60 month period from and including the current listed contract month.
Termination Of Trading	Trading terminates 4 business days prior to the end of the month preceding the option contract month at 1:25 p.m. (12:25 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 116
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	Silver Futures

Contract Unit	5,000 troy ounces
Minimum Price Fluctuation	0.001 per troy ounce = $5.00
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: SO1,SO2,SO3,SO4,SO5 CME ClearPort: SO1,SO2,SO3,SO4,SO5 Clearing: SO1,SO2,SO3,SO4,SO5
Listed Contracts	Weekly contracts listed for 4 consecutive weeks. No weekly contract listed the week of the monthly option expiration.
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.
Position Limits	NYMEX Position Limits
Exchange Rulebook	COMEX 1009
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	Silver Futures

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