Options 5000 oz Silver Future31500926

Description

Options on 5000 oz Silver Future

Market Specifications

Trading Screen Product Name
5000 oz Silver Futures
Trading Screen Hub Name
ICUS
Contract Size
5,000 troy ounces
Contract Months
Every calendar month in the 3-month period beginning with the first listed options month. Every July and December in the 23-month period beginning with the first listed options month.
Price Quotation
U.S. dollars and cents per oz.
Tick Size
$0.001 per oz, or $5 per contract
Last Trading Day
The fourth business day prior to the first calendar day of the option month. If the last trading day falls on a Friday or immediately prior to an Exchange holiday, the last trading day will occur on the previous business day. Trading in the expiring option contract ends at 1:25 pm NY time.
Symbol
ZI
Option Style
American style. Options exercise into the underlying futures contract.
Strike Price Intervals
Integral multiples of $1.00 and $2.50 per ounce.
Exercise and Expiry
All option contract months shall expire into the nearest month of the standard five month contract cycle (March, May, July, September, December). For example, a March option contract expires into a March futures contract. An April option contract expires into a May futures contract. Unexercised options expire at 8:00pm New York time on the Last Trading Day.

After the close of trading in the expiring options on expiration day, all in-the-money options shall be automatically exercised, unless notice to cancel automatic exercise is given to ICE Clear US by 7:00pm New York Time, or by such other time designated by the Exchange, on the last day of trading.
Position Limits
See futures contract specifications
MIC Code
IFUS
Clearing Venues
ICUS
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Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:30 PM
19:30
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:30 AM
00:30
Singapore9:00 AM - 7:00 AM*
09:00 - 07:00
8:30 AM
08:30

*Next Day

Market opens at 6:00pm on Sunday, for Monday’s trade date. Pre-open at 5:30pm Sunday, 7:30pm Monday through Thursday

Codes

Clearing Admin Name
5k oz Silver
Physical
ZI
Logical
YI
GMI(FC)
R&N A.C.N.