- Trading Screen Product Name
- 5000 oz Silver Futures
- Trading Screen Hub Name
- Contract Size
5,000 troy ounces
- Contract Series
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.
- Commodity Code
- Option Style
American style. Options exercise into the underlying futures
- 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 Limit
See futures contract specifications
- MIC Code
- Clearing Venues