 |
|
|
| Trading Unit |
|
| One NYMEX Division New York harbor heating oil futures contract. |
|
| Price Quotation |
|
| U.S. dollars and cents per gallon. |
|
| Trading Hours (All times are New York Time) |
|
Open outcry trading is conducted from 10:05 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. |
|
| Trading Months |
|
| 36 consecutive months. |
|
| Minimum Price Fluctuation |
|
| $0.0001 (0.01¢) per gallon ($4.20 per contract). |
|
| Maximum Daily Price Fluctuation |
|
| No price limits. |
|
| Last Trading Day |
|
| Trading ends three business days before the underlying futures contract. |
|
| Exercise of Options |
|
| 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. |
|
| Strike Prices |
|
| 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. |
|
| Margin Requirements |
|
| Margins are required for open short options positions. The margin requirement for an options purchaser will never exceed the premium. |
|
| Trading Symbol |
|
| OH |
|