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| Trading Unit |
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| One NYMEX Division natural gas futures contract. |
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| Price Quotation |
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| U.S. dollars and cents per mmBtu. |
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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.
Electronic trading is conducted from 6:00 PM until 5:15 PM via the CME Globex® trading platform, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date). |
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| Trading Months |
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| Consecutive months for the balance of the current year plus five additional years |
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| Minimum Price Fluctuation |
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| $0.001 (0.1¢) per mmBtu ($10.00 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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| Trading ends on the business day immediately preceding the expiration of 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 4:30 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 increments of $0.05 (5¢) per mmBtu above and below the at-the-money strike price in all months, plus an additional 20 strike prices in increments of $0.05 (5¢) per mmBtu above the at-the-money price will be offered in the first three nearby months, and the next 10 strike prices in increments of $0.25 (25¢) per mmBtu above the highest and below the lowest existing strike prices in all months for a total of at least 81 strike prices in the first three nearby months and a total of at least 61 strike prices for four months and beyond. The at-the-money strike price is nearest to the previous day's close of the underlying futures contract. Strike price boundaries are adjusted according to 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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| ON |
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