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| Trading Unit |
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| One NYMEX Division New York Harbor Reformulated Gasoline Blendstock for Oxygen Blending (RBOB) futures contract. |
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| Price Quotation |
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| U.S. dollars and cents per gallon. |
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| Trading Hours (All times are New York time) |
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Open outcry trading is conducted from 9:00 AM until 2:30 PM.
The contract is available for trading on the CME Globex® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM. |
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| Trading Months |
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| 36 consecutive months. |
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| Minimum Price Fluctuation |
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| $0.0001 (0.01¢) per gallon ($4.20 per contract). |
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| Maximum Daily Price Fluctuation |
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| No price limits. |
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| Last Trading Day |
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| Expiration occurs three business days before the underlying futures contract. |
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| Exercise of Options |
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| By a clearing member to the Exchange clearinghouse not later than 5:30 PM or 45 minutes after the underlying futures settlement price is posted, whichever is later, on any day up to and including the options expiration. |
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| Strike Prices |
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| Twenty strike prices in $0.01 (1¢) per gallon increments above and below the at-the-money strike price, and the next 10 strike prices in $0.05 (5¢) increments above the highest and below the lowest existing strike prices for a total of at least 61 strike prices. The at-the-money strike price is the nearest to the previous day's close of the underlying futures contract. Strike price boundaries are adjusted according to the futures price movements. |
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| Margin Requirements |
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| Margins are required for open short options positions. The margin requirement for an options purchaser will never exceed the premium paid. |
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| Trading Symbol |
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| OB |
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