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| Options Type |
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| European-style options contract that is cash-settled on expiration day. |
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| Contract Unit |
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| Upon expiration of a call options contract, the value will be the difference between the settlement price of the underlying NYMEX Division natural gas futures contract and the strike price multiplied by 10,000 million British thermal units (mmBtu), or zero, whichever is greater. Upon expiration of a put options contract, the value will be the difference between the strike price and settlement price of the underlying natural gas futures contract multiplied by 10,000 mmBtu, or zero, whichever is greater. |
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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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| Off-Exchange transactions can be submitted for clearing to the NYMEX ClearPort® clearing website 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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| Contract 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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| $0.0001 (0.01¢) per mmBtu ($1.00 per contract). |
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| Maximum Price Fluctuation |
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| There are no price limits. |
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| Last Trading Day |
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| Trading ends at the close of business on the business day immediately preceding the expiration of the underlying futures contract. |
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| Settlement |
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| Settlement is in cash one business day before the termination of trading in the underlying futures contract. The European-style natural gas options contract cannot be exercised into the underlying futures contract. |
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| Options Strike Prices |
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| U.S. dollars and hundreths of cents per mmBtu. To add strike prices, registered users of NYMEX ClearPort® clearing or brokers can call customer service before noon each business day for listing the next Exchange business day. |
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| Exchange of Options for Options (EOO) |
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| The buyer or seller may exchange an off-Exchange options position for an options position on the Exchange of equal quantity by submitting a notice to the Exchange. EOOs may be used to either initiate or liquidate an options position. |
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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. |
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| Trading Symbol |
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| LN |
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